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Commercial For sale Multifamily Garden Low/Rise

5-Unit Apartment Building for Sale – Chicago, IL 60617 – $500,000

8714 S Commercial Ave, Chicago, Illinois 60617

$500,000
$93 / sq ft Listed Jul 9, 2026
5,349 sqft
Building
5,349 sqft
Lot
2008
Built
3
Stories
5
Units
Class C
Class

About this property

5-Unit Apartment Building for Sale – Chicago, IL 60617 – $500,000 is a multifamily for sale in Chicago, Illinois, listed at $500,000. Key details: year built 2008, building size 5,349 sqft, lot size 5,349 sqft, stories 3. Listed by Tony Hardy of Keller Williams ONEChicago on LoopingCloud and last updated July 9, 2026.

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

  • Immediate Cash Flow Potential: Capitalize on immediate in-place income by leasing the available storefront and move-in-ready residential units.

  • Clear Path to Stabilization: Execute a strategic, targeted renovation plan to complete remaining units and maximize the building’s total net operating income (NOI).

  • Dual-Revenue Model: Benefit from the stability of a neighborhood-serving commercial tenant combined with high-demand residential rental units.

  • 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.

Key highlights

  • Zoning B1-2

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Year Built
2008
Building Size
5,349 sqft
Lot Size
5,349 sqft
Stories
3
Total Units
5
Building Class
Class C
Property Status
Normal Sale
Building Status
Existing

Pricing details

Financing
Third Party Financing
Investment Property
Vacant investment property

Investment snapshot

$93
Price per sq ft

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only $500,000 - - - -

Features and amenities

Property Other Use Types

  • Zoning B1-2

Location

Address as shown by the lister.

Get directions

About this area - Chicago

Population
96,288
Housing units
34,367
Land area
13.2 sq mi
County
Cook

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Links

1 link

Additional contacts

1 person to reach

Frequently asked questions

What is the asking price of 5-Unit Apartment Building for Sale – Chicago, IL 60617 – $500,000?

5-Unit Apartment Building for Sale – Chicago, IL 60617 – $500,000 is listed at $500,000. That works out to about $93 per square foot.

Where is 5-Unit Apartment Building for Sale – Chicago, IL 60617 – $500,000 located?

The property is in 8714 S Commercial Ave, Chicago, Illinois 60617, Cook County.

What type of property is this?

This is a multifamily for sale in the commercial category.

How big is the property?

The building is 5,349 sqft. The lot is 5,349 sqft.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Tony Hardy of Keller Williams ONEChicago listed this property. Use the Request Info button to send a message or call (773) 575-6082.

When was this listing published?

It was published on July 9, 2026 and last updated on July 9, 2026.

Listing information

Listing ID
CL-Illinois-27981
Published
Jul 9, 2026
Last updated
Jul 9, 2026

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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