Listing Summary
Mixed-Use Investment: 8714 S. Commercial Ave, Chicago, IL 60617
Full Description
Property Overview Unlock significant upside with this mixed-use value-add opportunity located in the heart of Chicago’s 60617 trade area. This asset features a versatile 1,100 SF street-level retail storefront paired with 5 residential apartment units, offering a diversified income stream derived from both commercial and workforce housing demand.
Investment Highlights
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Immediate Cash Flow Potential: Capitalize on immediate in-place income by leasing the available storefront and move-in-ready residential units.
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Clear Path to Stabilization: Execute a strategic, targeted renovation plan to complete remaining units and maximize the building’s total net operating income (NOI).
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Dual-Revenue Model: Benefit from the stability of a neighborhood-serving commercial tenant combined with high-demand residential rental units.
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Strategic Chicago Location: Positioned in a high-traffic area, this property is ideally suited for investors seeking a manageable asset with clear equity-growth milestones.
The Opportunity 8714 S. Commercial Ave is an ideal acquisition for investors looking to balance near-term revenue with long-term capital appreciation. By leveraging the existing commercial footprint and finalizing interior residential improvements, the new owner can achieve full stabilization and command market-rate rents in a proven Chicago submarket.
Quick Glance
- Listing ID:
CL-Illinois-27981
- Status:
Active
- Year Build:
2008
- Building Size:
5,349 SqFt
- Lot Size:
5,349 SqFt