For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

8409 Burley Ave Chicago, IL 60617

For Sale
$238,600

Spacious 2-unit property, great location, renovation potential.

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional mixed-use property in Chicago's vibrant 60617 zip code presents a compelling investment opportunity. Located at 8409 S Burley Ave, Cook County, Illinois, this two-unit building offers significant potential for both residential and commercial use. Priced at $238,600, the property features a full basement and a detached two-car garage, adding considerable value. The existing electrical system has been upgraded with two new 100 AMP electrical boxes, allowing for separate metering of residential and commercial power usage. This setup enables each unit to manage its own utilities, maximizing efficiency and potential rental income. The property is being sold AS-IS, providing flexibility for buyers to customize renovations to their vision. Cash offers must include proof of funds, while conventional financing requires pre-approval. This property's prime location near Metra, various shops, dining establishments, and even a beach, enhances its appeal and rental prospects. The combination of residential and commercial space allows for the unique possibility of operating a business from home, further increasing its investment allure. This is an ideal opportunity for investors seeking a property with high income potential and significant upside through strategic renovations.

Property Features for 8409 Burley Ave

General Information

Property type
Mixed-use properties

HighLights

  • Mixed‑use property in Chicago, ideal for owner‑occupant businesses.
  • Live and work in the same location, eliminating commute time.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.5452718
Latitude
41.7425916

FAQs

What type of property is this?
Mixed-use property - Spacious 2-unit property, great location, renovation potential.
Where is this mixed-use property located?
The property is located at 8409 Burley Ave Chicago, IL.
What is the asking price?
The asking price for this property is $238,600.
What are key features of this property?
This property features: Mixed-use property in Chicago, ideal for owner-occupant businesses.; Live and work in the same location, eliminating commute time.;
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message