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    7639-7655 S Racine Ave Chicago, IL 60620

    New
    For Sale
    $135,000

    Land - Chicago, IL

    Days on Market:
    5
    Last Refresh:
    Dec 12 at 12:06 am

    Property Features for 7639-7655 S Racine Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    20294080130000

    Building Details

    Architectural style
    Other

    Keller Williams Preferred Realty (708) 798-1111 [email protected]

    Listing agent Tameka Lewis-Madkins (708) 798-1111 License #475167275

    Listing date Dec 8, 2025

    MLS# 12520633 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Connected Parcels on S Racine

    This is a rare opportunity to create a high-impact mixed-use development in Chicago. Eight connected parcels, located from 7639 S Racine to 7659 S Racine, are being sold together. Utilities are already in place. The property is ideal for grocery options, medical clinics, educational centers, affordable housing, senior living, or mixed-use buildings with retail and residential units. The space offers strong flexibility for projects that serve and uplift the community. The property is sold as one package, AS IS. A 2020 survey is available, but the seller will not provide a new survey. Please note that the additional lots are city lots between the house and Popeyes. The property is currently in DEMO court.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6535074
    Latitude
    41.7547861

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    FAQs

    What type of property is this?
    Commercial land - Eight connected parcels ideal for mixed-use development in Chicago.
    Where is this commercial land located?
    The property is located at 7639-7655 S Racine Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Eight connected parcels offer a large development footprint; - Utilities are already in place; - Ideal for mixed-use developments: grocery, medical, education, housing, and retail
    (708) 798-1111
    Request Owner's contact information
    7639-7655 S Racine Ave Chicago, IL 60620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7639-7655 S Racine Ave Chicago, IL 60620
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