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Live-Work Multi-Unit Commercial Building
For Sale
$299,000

6843 S Racine Avenue, Chicago, IL 60636

Multi-unit building includes first-floor commercial space and a second-floor two-bedroom unit with a separate rear studio.

Property SizeContact for details
Days on Market39

Property Features for 6843 S Racine Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning MULTI

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,762

Amenities

high ceilings
kitchenette
garage

Building Details

Year Built 1893
Stories 2
Units 3
Tenancy Multi
Listing Agency: Coldwell Banker Realty
Listed By: Monique Giles
Source: Perillorealestategroup
Added: Jul 17 Changed: Aug 23 Last Checked: Aug 23 at 4:47AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This live-work style multi-unit building offers a combination of commercial and residential space. The second-floor features a vintage two-bedroom layout, along with a separate rear studio. The first-floor commercial area includes an open-concept layout and three 1/2 bathrooms. The live-work portion is described as having high ceilings, a kitchenette, and direct access to a one-car garage.

The property is zoned B1-1 and is being sold as part of a three-for-one package described as two additional lots attached to the sale along with the building. The address is 6843 S Racine Ave, Chicago, IL.

With multiple spaces arranged across the building and the included lots, the first-floor commercial area can be kept commercial or potentially converted into residential use, depending on approvals and design decisions.

Key Highlights

  • Multi‑unit building with first‑floor commercial space plus a second‑floor 2‑bedroom unit and a separate rear studio
  • B1‑1 zoning
  • First‑floor commercial space features three 1/2 bathrooms and an open concept layout

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Gym & Fitness Center Spa & Massage Center

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

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

704
Businesses Nearby

Demographics for 60636, IL

34,800
Population
14,363
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
78%
High-School Grad
3.9 sq mi
ZIP Area
8,923
Density / Sq Mi
$35,077
Median Household Income
$30,411
Median Earnings
$1,135
Median Rent
$150,600
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - Multi-unit building includes first-floor commercial space and a second-floor two-bedroom unit with a separate rear studio.
Where is this live-work space located?
The property is located at 6843 S Racine Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Multi‑unit building with first‑floor commercial space plus a second‑floor 2‑bedroom unit and a separate rear studio; B1‑1 zoning; First‑floor commercial space features three 1/2 bathrooms and an open concept layout
More about this property
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