9139 Commercial Ave Chicago, IL 60617

This 10,000 square foot multifamily property at 9139 South Commercial Avenue in Chicago, IL 60617, presents a compelling investment opportunity. The building consists of seven units: one retail space and six two-bedroom, one-bathroom apartments. The retail space is currently occupied by a long-term tenant, a children's care center, providing stable rental income. The six residential units offer a significant value-add opportunity through a gut renovation. Spacious floor plans allow for updated, market-rate apartments. The property's location is highly desirable, situated steps from retail businesses and just four blocks from Lake Michigan. Convenient access to public transportation is provided by the nearby 93rd Street South Chicago Metra Station, offering easy commutes to downtown Chicago. The asking price is $450,000. This property offers a blend of immediate income and substantial upside potential for a savvy investor seeking to capitalize on a prime location and renovation opportunity. The building's strong foundation and established tenant base provide a solid foundation for future growth and profitability. This is a rare chance to acquire a well-positioned multifamily asset in a thriving Chicago neighborhood.