For Sale
$450,000

9139 South Commercial Avenue Chicago, IL 60617

7-unit building, retail & residential.

Property Records

Overview

Added:
Jan 17
Days on market:
102
This exceptional investment opportunity presents a 7-unit mixed-use building located at 9139 South Commercial Avenue in Chicago's South Chicago neighborhood. The property boasts a strong foundation with one retail unit currently occupied by a long-term tenant operating a children's care center, providing stable rental income. Above the retail space are six spacious 2-bedroom, 1-bathroom residential units. The building offers a significant value-add opportunity through a complete gut renovation of the residential units. This renovation would allow an investor to capitalize on market rents and significantly increase cash flow. The property's prime location, steps from popular retail businesses and just four blocks from Lake Michigan, ensures high tenant demand. Convenient public transportation is readily available, with the 93rd Street South Chicago Metra Station located only a block away, providing easy access to downtown Chicago. The lot size is approximately 0.23 acres, and the building encompasses 10,000 square feet. This is a rare chance to acquire a well-positioned mixed-use property with substantial upside potential in a thriving South Chicago location. The property is priced at $450,000.

Highlights

  • Seven-unit mixed-use building with one retail space and six 2-bedroom/1-bathroom apartments.
  • Prime South Chicago location, steps from retail and four blocks from Lake Michigan.
  • Strong potential for increased cash flow through renovation of existing apartment units.

Property Details for 9139 South Commercial Avenue

Property type
Mixed-use properties, Residential income homes
Square Feet
10,000 SF
Price / Square Foot
$45
Buildings
1
Stories
3
Elevators
N/A
Lot Size (sq. ft)
10,000 SF
Units
7

Location Insight

City
Chicago
County
State
Illinois

FAQs

What type of property is this?
Mixed-use property - 7-unit building, retail & residential.
Where is the mixed-use property located?
The property is located at 9139 South 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: Seven-unit mixed-use building with one retail space and six 2-bedroom/1-bathroom apartments.; Prime South Chicago location, steps from retail and four blocks from Lake Michigan.; Strong potential for increased cash flow through renovation of existing apartment units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
9139 South Commercial Avenue
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message