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31-Unit Mixed-Use Building
New
For Sale
$299,900

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: Sep 24 Changed: Sep 25 Last Checked: Sep 26 at 4:06AM
MLS# 12768724

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 building contains 31 units: 28 apartments, comprising 24 studios and four one-bedroom units, alongside three street-level retail spaces. The property occupies a 0.13-acre site and needs work. It is being offered in as-is, where-is condition.

The building is near public transportation, major thoroughfares, shopping, and lakefront amenities. Its residential and commercial components are housed within one property.

Key Highlights

  • 31 total units: 28 apartments and 3 street‑level retail spaces
  • Apartment mix includes 24 studios and 4 one‑bedroom units
  • 0.13‑acre site

Property Analytics

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Current Use

Retail space

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
Multi-tenant
Tenancy

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 construction brings apartments and street-level commercial space together in a property that needs work.
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 $299,900.
What are key features of this property?
This property features: 31 total units: 28 apartments and 3 street‑level retail spaces; Apartment mix includes 24 studios and 4 one‑bedroom units; 0.13‑acre site
More about this property
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