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31-Unit Mixed-Use Building
New
For Sale
$599,900

7850-7851 S CONSTANCE Avenue, Chicago, IL 60617

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.13 Acres
Days on Market3

Property Features for 7850-7851 S CONSTANCE Avenue

General Information

Property type Commercial Sale
Property subtype Other
Directions CORNER OF 79TH AND CONSTANCE
Subdivision CHI - South Shore
Standard status Active
APN 20253280390000
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 14830

Building Details

Year built 1930
Floors in Building 3
Number of units 28
Building materials Brick
Listing Agency: Area Wide Realty
Listed By: Michael Olszewski · License #471011979
Added: Aug 24 Last Checked: Aug 26 at 4:06AM
MLS# 12741037

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.

Built in 1930, this brick mixed-use property contains 31 units across residential and commercial components. The residential portion includes 28 apartments, with 24 studios and 4 one-bedroom units, while 3 commercial retail spaces occupy the street level.

The property sits on 0.13 acres in Chicago’s South Shore area, near public transportation, major thoroughfares, shopping, and lakefront amenities. It is offered in AS-IS / WHERE-IS condition and requires work, providing a substantial renovation scope for a purchaser prepared to address the existing improvements.

Key Highlights

  • 31‑unit mixed‑use building with residential and commercial components
  • 28 residential units: 24 studios and 4 one‑bedroom apartments
  • 3 street‑level commercial retail spaces

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm HVAC Service Building Supply Skin Care Clinic Cafe & Coffee Shop Gym & Fitness 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

28
Residential units

Location Intelligence

Trade Area within ½ mile

1,074
Businesses Nearby

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

Market

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 - Brick property combines residential apartments with street-level commercial space.
Where is this mixed-use property located?
The property is located at 7850-7851 S CONSTANCE Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 31‑unit mixed‑use building with residential and commercial components; 28 residential units: 24 studios and 4 one‑bedroom apartments; 3 street‑level commercial retail spaces
More about this property
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