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8714 S Commercial Ave 8714 S Commercial Ave 5 Unit Apartment Building $500,000 ($100,000/Unit) Chicago, IL 60617
Investment Highlights
- The property is a mixed-use asset featuring one street-level retail storefront and five residential units.
- The retail storefront is move-in ready, supporting near-term occupancy and income generation.
- Two residential units are currently move-in ready, allowing for immediate leasing.
- Located within Chicago’s South Chicago neighborhood, the property is positioned along an established commercial corridor with residential density.
Executive Summary
8714 S. Commercial Ave is a mixed-use retail and residential value-add opportunity located in Chicago’s 60617 trade area, with a potential to offer immediate in-place income with a clear path to stabilization through targeted unit completion. The property consists of a street-level 1,100 SF retail storefront and (5) residential apartments, providing a balanced income profile with both neighborhood-serving retail and workforce housing demand. The asset’s core investment thesis is straightforward: begin generating revenue immediately by leasing the move-in-ready units and storefront, then complete the remaining residential renovations to unlock full stabilized value.
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- Offering Memorandum
Property Facts
| Price | $500,000 | Property Subtype | Apartment |
| Price Per Unit | $100,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Sale Condition | High Vacancy Property | Building Size | 5,349 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 2008/2025 |
| Zoning | B1-2 | ||
| Price | $500,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 5,349 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2008/2025 |
| Zoning | B1-2 |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 26-06-202-021-0000 | Improvements Assessment | $23,594 |
| Land Assessment | $2,606 | Total Assessment | $26,200 |
Property Taxes
Parcel Number
26-06-202-021-0000
Land Assessment
$2,606
Improvements Assessment
$23,594
Total Assessment
$26,200
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