South Chicago Mixed-Use
For Sale
$450,000
9139 South Commercial Avenue, Chicago, IL 60617
7 unit mixed-use building in the South Chicago Neighborhood
Property Size10,000 SF
Lot Size0.23 Acres
Price / SF$45
Days on Market629
Property Features for 9139 South Commercial Avenue
General Information
Standard status
Active
Property type
Other mixed-use properties, Multifamily properties, Residential income homes, Mixed-use properties, Residential income properties, Investment properties
Size
10,000 SF
Elevators
N/A
Lot size
0.23 Acres
Building Details
Buildings
1
Stories
3
Units
7
Listed By:
John George
(773) 293-5056
Added: Jan 17, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This seven-unit mixed-use building is located in Chicago's South Chicago neighborhood. The property includes one retail unit and six residential units, each featuring two bedrooms and one bathroom. The retail space is currently occupied by a long-term tenant operating a children's care center. The building offers a value-add opportunity through a complete renovation of the residential units, allowing an investor to capitalize on market rents and increase cash flow. The property's location is near retail businesses and four blocks from Lake Michigan, ensuring tenant demand. Public transportation is accessible, with the 93rd Street South Chicago Metra Station located a block away, providing access to downtown Chicago. The building encompasses 10,000 square feet on a lot of approximately 0.23 acres.
Key Highlights
- One (1) Retail, Six (6) 2Bd/1Ba Units
- Gut‑Renovation Opportunity
- Spacious Floor Plans
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 60617, IL
77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 7 unit mixed-use building in the South Chicago Neighborhood
Where is this mixed-use property located?
The property is located at 9139 South Commercial Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: One (1) Retail, Six (6) 2Bd/1Ba Units; Gut‑Renovation Opportunity; Spacious Floor Plans
