Mixed-Use Retail and Residential
For Sale
$450,000
8714 S COMMERCIAL Avenue, Chicago, IL 60617
COMMERCIAL - Chicago, IL
Lot Size0.08 Acres
Days on Market143
Property Features for 8714 S COMMERCIAL Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
GO TO 87TH ST, EAST TO COMMERCIAL AVE and then SOUTH TO ADDRESS
Subdivision
CHI - South Chicago
Standard status
Active
APN
26062020210000
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7664
Building Details
Year built
1899
Floors in Building
3
Number of units
6
Building materials
Brick, Stone
Roof type
Tar/Gravel, Rubber
Listing Agency:
Keller Williams ONEChicago · Keller Williams Realty
(312) 216-2422
Listed By:
Anthony Hardy · License #475139834
(312) 216-2422
Added: Mar 10
Changed: Jul 30
Last Checked: Jul 30 at 9:06PM
MLS# 12587967
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.
8714 S Commercial Ave. is a mixed-use retail and residential building offered for sale in Chicago’s 60617 area. The property includes a street-level retail storefront and five residential apartments, creating a combination of neighborhood-serving retail space and residential rental units.
The residential mix features three 2BR/1BA apartments that are described as move-in ready, along with two 3BR/1BA apartments that require additional interior completion work. The listed retail component is a move-in ready 1,100-square-foot storefront. For the unfinished residential units, the renovation scope includes items such as drywall, kitchen cabinetry, appliances, finishes, and related completion work.
The remaining renovation budget is estimated at $50,000, and the seller is offering a $25,000 buyer credit that may be applied toward the remaining renovation scope, subject to the terms of the purchase agreement. The seller’s credit is intended to reduce the buyer’s estimated remaining renovation exposure to $25,000 while allowing the completed portions to be leased.
The residential mix features three 2BR/1BA apartments that are described as move-in ready, along with two 3BR/1BA apartments that require additional interior completion work. The listed retail component is a move-in ready 1,100-square-foot storefront. For the unfinished residential units, the renovation scope includes items such as drywall, kitchen cabinetry, appliances, finishes, and related completion work.
The remaining renovation budget is estimated at $50,000, and the seller is offering a $25,000 buyer credit that may be applied toward the remaining renovation scope, subject to the terms of the purchase agreement. The seller’s credit is intended to reduce the buyer’s estimated remaining renovation exposure to $25,000 while allowing the completed portions to be leased.
Key Highlights
- Mixed‑use property built in 1899 with brick and stone construction and Rubber/Tar‑Gravel roof
- 1,100 SF street‑level retail storefront plus 5 residential apartments (3 move‑in ready 2BR/1BA and 2 unfinished 3BR/1BA)
- Seller is offering a $25,000 buyer credit that may be applied toward the remaining renovation scope (purchase agreement terms apply)
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
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail storefront plus five apartments, with three units move-in ready and two 3BR units requiring interior completion.
Where is this mixed-use property located?
The property is located at 8714 S COMMERCIAL Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Mixed‑use property built in 1899 with brick and stone construction and Rubber/Tar‑Gravel roof; 1,100 SF street‑level retail storefront plus 5 residential apartments (3 move‑in ready 2BR/1BA and 2 unfinished 3BR/1BA); Seller is offering a $25,000 buyer credit that may be applied toward the remaining renovation scope (purchase agreement terms apply)
