Mixed-Use Retail and
For Sale
Contact for pricing
7040 S Stony Is Ave, Chicago, IL 60649
Rehabbed mixed-use building with ground-floor retail/office space and a second-floor 2BR/1BA apartment.
Property SizeContact for details
Days on Market122
Property Features for 7040 S Stony Is Ave
General Information
Standard status
Active
Total Parking Spaces
7
Property subtype
Retail, Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
1
Listing Agency:
Millennium Properties R/E
(312) 338-3000
Listed By:
Brad Thompson · License #IL 471013662
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 12:27AM
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 Millennium Properties R/E
Investment Insights
Based on property information with market context.
This rehabbed mixed-use property includes ground-floor retail/office space and a second-floor 2-bedroom, 1-bath apartment. The ground floor is currently operating as a photography studio and will be vacated upon sale. The apartment upstairs features high-end finishes and is currently rented as an Air BnB unit, and the ground-level storefront provides full access to the finished basement.
The building is just off the I-90 expressway on the south side of Chicago, with access to public transportation. It is described as being close to University of Chicago, along with numerous nearby shops and retailers on 70th Street and Stony Island Avenue.
Parking for seven vehicles is available in the rear, supporting the property’s day-to-day access for customers or tenants.
The building is just off the I-90 expressway on the south side of Chicago, with access to public transportation. It is described as being close to University of Chicago, along with numerous nearby shops and retailers on 70th Street and Stony Island Avenue.
Parking for seven vehicles is available in the rear, supporting the property’s day-to-day access for customers or tenants.
Key Highlights
- Rehabbed mixed‑use building with ground‑floor retail/office space and a second‑floor 2BR/1BA apartment
- Ground floor currently used as a photography studio and will be vacated upon sale
- Second‑floor apartment has high‑end finishes and is currently rented as an Air BnB unit
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Storefront property - Rehabbed mixed-use building with ground-floor retail/office space and a second-floor 2BR/1BA apartment.
Where is this storefront property located?
The property is located at 7040 S Stony Is Ave Chicago, IL.
What are key features of this property?
This property features: Rehabbed mixed‑use building with ground‑floor retail/office space and a second‑floor 2BR/1BA apartment; Ground floor currently used as a photography studio and will be vacated upon sale; Second‑floor apartment has high‑end finishes and is currently rented as an Air BnB unit
