Mixed-Use Property With
For Sale
Contact for pricing
8714 S COMMERCIAL Avenue, Chicago, IL 60617
Street-level commercial space accompanies five apartments, including three completed residences and two units requiring interior work.
Property Size2,425 SF
Days on Market166
Property Features for 8714 S COMMERCIAL Avenue
General Information
Standard status
Active
Size
2,425 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
two unfinished 3BR/1BA apartments require additional interior improvements, including drywall, kitchen cabinetry, appliances, finishes, and related completion work
Units
Unit Mix
3 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
5
Additional Details
Asking Price
$450,000
Taxes and HOA fees
Annual Taxes
$7,663
Building Details
Building Size
2,425 SF
Year Built
1899
Stories
3
Units
6
Listing Agency:
Keller Williams ONEChicago
(312) 216-2422
Listed By:
Anthony Hardy · License #475139834
(312) 216-2422
Source:
Cavanaghrealty
Added: Mar 10
Changed: Aug 20
Last Checked: Aug 22 at 12:47PM
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 Keller Williams ONEChicago
Investment Insights
Based on property information with market context.
This mixed-use property combines a 1,100-square-foot street-level retail storefront with five residential apartments. The commercial space and three 2BR/1BA apartments are move-in ready, while two 3BR/1BA apartments require completion work. Remaining improvements include drywall, kitchen cabinetry, appliances, finishes, and related interior items. The building was constructed in 1899.
The property is located at 8714 S Commercial Avenue in Chicago, IL 60617. The completed storefront and apartments provide operating components that can be leased while the unfinished residences are brought to completion. The remaining renovation budget is estimated at $50,000, and the projected cap rate on the estimated all-in basis is 11.26%.
The property is located at 8714 S Commercial Avenue in Chicago, IL 60617. The completed storefront and apartments provide operating components that can be leased while the unfinished residences are brought to completion. The remaining renovation budget is estimated at $50,000, and the projected cap rate on the estimated all-in basis is 11.26%.
Key Highlights
- 1,100‑square‑foot street‑level retail storefront
- Five apartments: three 2BR/1BA and two 3BR/1BA units
- Retail storefront and three 2BR/1BA apartments are move‑in ready
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space accompanies five apartments, including three completed residences and two units requiring interior work.
Where is this mixed-use property located?
The property is located at 8714 S COMMERCIAL Avenue Chicago, IL.
What are key features of this property?
This property features: 1,100‑square‑foot street‑level retail storefront; Five apartments: three 2BR/1BA and two 3BR/1BA units; Retail storefront and three 2BR/1BA apartments are move‑in ready
