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Mixed-Use Building in Woodlawn
For Sale
Under Contract
$2,150,000

6450-6458 S Stony Island Avenue, Chicago, IL 60637

COMMERCIAL - Chicago, IL

Lot Size0.29 Acres
Days on Market346

Property Features for 6450-6458 S Stony Island Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions north/south on Stony Island to property
Subdivision CHI - Woodlawn
Standard status Active Under Contract
APN 20232170160000
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2023

Utilities

Cooling system Central Air

Building Details

Year built 1925
Floors in Building 3
Number of units 26
Building materials Brick
Listing Agency: Century 21 S.G.R., Inc. · Century 21 Real Estate
Listed By: Sidney Martin · License #475160205
Added: Aug 21, 2025 Changed: May 13 Last Checked: Aug 1 at 2:06PM
MLS# 12452087

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Located at 6450-6458 S Stony Island Ave, Chicago, IL 60637, this mixed-use property features a 25-unit apartment building with 5 ground-floor retail storefronts. This property offers investors a chance to reposition a significant asset in Woodlawn, near South Shore. The 25 residential units offer scale for a multi-family repositioning, and the property is partially-occupied with 5 vacant retail storefronts. This property has the potential to deliver long-term cash flow. Woodlawn is undergoing transformation, with the upcoming Obama Presidential Center, University of Chicago expansion, and public and private investment. South Shore offers lakefront amenities, the South Shore Cultural Center, golf course, and beaches. The property has access to CTA, Metra, and major thoroughfares. The lot size is 0.287 acres. This is an opportunity to acquire a large-scale mixed-use building in a neighborhood. It is suited for value-add investors and developers to create an asset in one of Chicago's growth corridors. The zoning is COMMR.

Key Highlights

  • Large 25‑unit apartment building with 5 ground‑floor retail storefronts offering significant mixed‑use potential.
  • Located in Woodlawn, a rapidly appreciating neighborhood fueled by the Obama Presidential Center and University of Chicago expansion.
  • Value‑add opportunity for repositioning and increased cash flow.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office HVAC Service Building Supply Law Firm Bakery Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

739
Businesses Nearby

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value

Market

Properties on Market for Mixed-use properties in Chicago

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - 25-unit apartment building with 5 retail storefronts in Chicago.
Where is this mixed-use property located?
The property is located at 6450-6458 S Stony Island Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Large 25‑unit apartment building with 5 ground‑floor retail storefronts offering significant mixed‑use potential.; Located in Woodlawn, a rapidly appreciating neighborhood fueled by the Obama Presidential Center and University of Chicago expansion.; Value‑add opportunity for repositioning and increased cash flow.
More about this property
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