8714 S COMMERCIAL Avenue, Chicago, IL 60617

Located in Chicago's 60617 trade area, this mixed-use property at 8714 S. Commercial Ave presents a value-add opportunity with immediate income potential. The property features a 1,100 SF street-level retail storefront and five residential apartments, offering a balanced income profile from neighborhood retail and workforce housing. The investment strategy involves generating immediate revenue by leasing the move-in-ready units and storefront, followed by completing the remaining residential renovations to unlock full stabilized value. The residential component includes two move-in-ready 2BR/1BA units, one 2BR/1BA unit that is 90% rehabilitated needing paint and kitchen appliances (estimated $8,000 to complete), and two 3BR/1BA units requiring drywall, kitchen cabinetry, and appliances (estimated $35,000 per unit to complete). The retail storefront is move-in ready, allowing for immediate marketing and lease-up. The recommended approach is to lease the two ready residential units and the retail storefront promptly to establish operating momentum and reduce risk. This income stream can support the completion of the nearly finished 2BR unit while planning the remaining 3BR unit finishes. This phased approach allows for asset stabilization without requiring full upfront capital deployment. The property is suited for investors seeking near-term income, controlled renovation exposure through phased deployment, and value appreciation through execution and management. The property is located on a lot of 0.0803 acres.