View All Auburn Gresham Chicago IL Mixed Use Homes Listings

UNRIVALED 25-UNIT VALUE-ADD OPPORTUNITY IN THE HEART OF AUBURN GRESHAM Strike while the market is hot with this massive brick mixed-use powerhouse located at 1206-1210 W 83rd St. Positioned as the most competitive investment in the 60620 zip code, this asset is priced for a high-octane liquidation at just $799,000. This is a rare chance to secure a scale-level project at approximately $32,000 per door in a submarket that has seen a 21.7% year-over-year increase in median listing prices. The heavy lifting on capital expenditures has already been initiated with five units completely transformed into designer showcases. These renovated units feature sleek shaker cabinetry paired with premium white quartz countertops and a full suite of stainless steel appliances. The aesthetics are elevated by modern porcelain tile in the bathrooms, sophisticated matte black fixtures, and a mix of luxury vinyl plank and meticulously refinished original hardwoods. Throughout the building, new vinyl windows provide immediate energy efficiency and long-term cost savings. Operating at 55% occupancy, this property offers an immediate lease-up upside at 2026 market rates. The five high-visibility storefronts under flexible B3-2 zoning provide a versatile commercial engine or potential for residential conversion. Furthermore, the bottom line is set for a massive boost with property taxes projected to drop from $29,000 to low teens next year. This is an "as-is" sale perfect for cash or hard money buyers looking to move fast and capture the best price-per-unit deal on the South Side. Forget the "unknowns" of a total gut rehab. We've already done the heavy lifting on the most critical components: Renovated Showcase Units: 5 units have been completely transformed with high-end designer finishes to set the new building standard. Designer Kitchens: Sleek shaker cabinetry, premium quartz countertops, and a full suite of stainless steel appliances. Spa-Inspired Baths: Modern porcelain tile, matte black fixtures, and custom LED lighting. Premium Flooring: A sophisticated mix of Luxury Vinyl Plank (LVP) and meticulously refinished original hardwoods. Energy Efficiency: The building features updated vinyl windows throughout, drastically reducing future CapEx. System Integrity: Recent maintenance includes fixed leaks and plumbing updates, ensuring a smoother transition for the new owner. THE UPSIDE: THE NUMBERS DON'T LIE Immediate Lease-Up Potential: Currently 55 percent occupied, allowing you to hand-select your tenant base at 2026 market rates. Commercial Engine: 5 vacant storefronts under flexible B3-2 zoning-perfect for retail, service, or potential residential conversion. Tax Transformation: Significant bottom-line boost incoming with property taxes projected to drop from $29k to just low teen next year. Priced to Move

1206-1210 W 83Rd Street, Chicago

$950,000

12704484 MLS ⋅ ACTIVE Status

Value Add Multi Family in Chicago's Auburn Gresham Neighborhood. 1513 W 87th St presents a solid investment featuring 11 total unit: 8 residential apartments and 3 commercial storefronts, offering immediate income with long-term upside. The residential component includes eight 1-bedroom, 1-bath units, with four units on the second floor and four on the third floor. All units feature similar layouts and are occupied by long-term tenants on month-to-month leases, currently renting at $750 per month, providing stable cash flow with flexibility for future rent growth. The three commercial storefronts, located on the first floor, offer excellent street visibility and can be utilized for retail or office use. These spaces are currently owner-occupied and will be delivered vacant at closing, allowing a new owner to set market rents or occupy the space. Additional features include a rear parking lot accessed from the alley, a garage/storage room, and an unfinished basement offering additional storage or potential value add opportunities. This property is ideal for investors seeking a mixed-use asset with existing income, commercial flexibility, and upside potential in a well-established South Side neighborhood. Package Opportunity: A separate commercial corner-lot storefront located directly across the street is also available and may be purchased as a package with this property.

1513 W 87Th Street, Chicago

$950,000

12704452 MLS ⋅ ACTIVE Status

Value Add Mixed-Use Opportunity in Chicago's Auburn Gresham Neighborhood. 1513 W 87th St presents a solid mixed-use investment featuring 11 total unit: 8 residential apartments and 3 commercial storefronts, offering immediate income with long-term upside. The residential component includes eight 1-bedroom, 1-bath units, with four units on the second floor and four on the third floor. All units feature similar layouts and are occupied by long-term tenants on month-to-month leases, currently renting at $750 per month, providing stable cash flow with flexibility for future rent growth. The three commercial storefronts, located on the first floor, offer excellent street visibility and can be utilized for retail or office use. These spaces are currently owner-occupied and will be delivered vacant at closing, allowing a new owner to set market rents or occupy the space. Additional features include a rear parking lot accessed from the alley, a garage/storage room, and an unfinished basement offering additional storage or potential value add opportunities. This property is ideal for investors seeking a mixed-use asset with existing income, commercial flexibility, and upside potential in a well-established South Side neighborhood. Package Opportunity: A separate commercial corner-lot storefront located directly across the street is also available and may be purchased as a package with this property.

1513 W 87Th Street, Chicago

$872,000

12658774 MLS ⋅ ACTIVE Status

Seize the opportunity to own a versatile commercial property offering a true blank canvas for your vision. Located at 7650 S Ashland Avenue, this impressive building delivers over 6,895 square feet of open, flexible space set on an expansive 18,556 square foot lot - providing the room and infrastructure to support a wide range of business operations. Built in 2013, the property combines modern construction quality with a functional layout designed for commercial use. The building features a rear loading dock, making it ideally suited for distribution, warehousing, light manufacturing, retail, or mixed commercial purposes. Ample on-site parking adds further utility for both staff and clientele. Whether you are an owner-user looking to customize a space entirely to your specifications or an investor seeking a solid commercial asset with significant upside potential, this property delivers the bones and the footprint to bring your concept to life.

7650 S Ashland Avenue, Chicago

$160,000

8 Beds ⋅ 3 Baths ⋅ 12584066 MLS ⋅ CLOSED Status

Attention investors, flippers, and owner-occupants! Here's your chance to acquire a solid two-flat with a duplexed first-floor unit and build instant equity. The spacious first-floor duplex offers five bedrooms and two full baths, remodeled about ten years ago. Unit upstairs is a 3 bedroom 1 bath. The property needs some repairs, TLC and cosmetic updates, but many big-ticket items have already been completed about 10 years ago including updated electric and copper plumbing, vinyl double-hung windows, glass block basement windows, separate utilities, and gas-forced air (GFA) furnaces with central AC meaning each unit has its own heating and cooling systems, ideal for separate tenant utility payments. Additional features include a rear porch built to code, security bars throughout, and recent complete tuckpointing. Property has a designated common area laundry room set up. Perfect for a rehab loan or value-add project, this property offers endless potential -live in one unit while you renovate the other or flip it for profit. Located in the up-and-coming Auburn Gresham neighborhood, one of Chicago's INVEST South/West priority communities, and near the 79th Street Corridor Plan, this area is seeing major investment and redevelopment with new mixed-use and retail projects on the rise. Don't miss this chance to invest in a growing community and unlock this property's full potential! Sold As Is. Title, Zoning & Water Cert ready for quick closing!

7625 S Sangamon Street, Chicago

$500,000

12526509 MLS ⋅ ACTIVE Status

Rare opportunity to acquire nearly two acres of vacant, undeveloped land positioned just off a strong commercial corridor with convenient access to the Dan Ryan Expressway. The property presents a compelling redevelopment opportunity for mixed-use or residential development, offering the potential to expand commercial activity from the 87th Street & Dan Ryan node while serving surrounding neighborhoods. Ideal for investors, developers, or owner-users seeking a well-located infill site with strong long-term upside.

440 W 87Th Street, Chicago

$175,000

12452584 MLS ⋅ CLOSED Status

Discover the potential of this exceptional mixed-use building, perfect for launching your business! The first floor commercial space offers ample space ideal for various uses and was previously utilized as barbershop and hair salon. On the second floor residential level you have two units, each offering 2 spacious bedrooms and one full bath that provides an excellent opportunity for additional rental income. The property also features a convenient 1-5 car concrete pad in the rear for ample parking. Property has a new roof that is less than 5 years old. With a total of ~3,000 sq. ft., this versatile property is ready for your next great venture with a some TLC. Don't miss out on the chance to make it your own! Schedule your private showing today to view the potential this property has for your investment purposes!

8507 S Ashland Avenue, Chicago

$190,000

12445035 MLS ⋅ CLOSED Status

Exceptional mixed-use property at 8211 S Ashland Ave featuring a fully operating grocery store on the ground level and a spacious apartment above, ideal for owner-occupants or rental income. Zoned B1-1, this site offers flexibility for various commercial uses including retail, salon, office, or food service (subject to city approval). Located on a high-visibility stretch of Ashland Avenue with strong foot and vehicle traffic, the building includes separate utilities, excellent signage potential, and a rear garage for two vehicles with alley access. Surrounded by schools, churches, and local businesses, with easy access to CTA routes and major roads, this property combines income stability with long-term upside in a well-established neighborhood.

8211 S Ashland Avenue, Chicago

$100,000

12399487 MLS ⋅ CLOSED Status

Turnkey, 2-unit residential and commercial building for sale! Great Location! Very well-kept, 2-unit building for sale. Low property taxes: only $2,742 a year for the entire building! The second floor consists of a 2-bedroom apartment, a living room with large windows, and a spacious kitchen with built-in cabinets, an oven, and a refrigerator. There is a separate formal dining room with built-in cabinets. A charming bathroom with a tub and shower combination. Carpeted floors run throughout the apartment. Central heating is provided. The first floor consists of several office spaces with a large reception area that was previously used as a dentist s office. There is also a separate two-car garage (which needs a little TLC). Located on 79th Street and Carpenter, near the world-renowned Leo High School. Commute easily via the 79th Street CTA bus line and the 79th Street CTA Red Line train station, along with the soon-to-be- opened 79th Street METRA Station! The location can t be beat! There is a laundromat located across the street. Many shops, restaurants, and public transportation are within walking distance. Financing is accepted; however, because the building consists of a mixed-use layout with a residential unit on the second floor and a larger commercial space on the first floor, FHA loans are not applicable since they necessitate that the residential unit be larger than the commercial unit. The best part is this property is eligible for TIF and NOF grant funding! That's money in your pocket! Sold as is. Showings will be held on Saturdays only! Make sure to make an appointment at least one day before arrival.

1025 W 79Th Street, Chicago

$1,110,000

12273369 MLS ⋅ CLOSED Status

Turnkey Investment Opportunity - Fully Rented Mixed-Use Building at 8244-8248 S Ashland Ave! Step into the world of effortless income generation with this meticulously maintained mixed-use property in the heart of Chicago's bustling Auburn Gresham neighborhood. Perfectly situated with excellent visibility and foot traffic, this cash-generating gem is fully rented and ready for its next visionary owner. Features: 8 spacious 1-bedroom apartments and 4 comfortable 2-bedroom apartments, all fully occupied by long-term tenants. 3 commercial spaces, including a thriving dental practice, anchoring the building with steady, reliable income. Strategically located on high-traffic Ashland Ave, ensuring visibility and accessibility for businesses and residents alike. Owners are ready to pass the torch, presenting a rare opportunity for investors seeking a stable, income-producing asset. This property has it all: location, stability, and cash flow! Whether you're an experienced investor or just breaking into the market, this is a portfolio-worthy addition that delivers immediate returns. Don't miss out-schedule your showing today and secure your place in Chicago's growing real estate market

8244-8248 S Ashland Avenue, Chicago

$225,000

12258503 MLS ⋅ CLOSED Status

Great mixed use building in a great shape occupied by an appliances store and 2 bedrooms apartment rear second floor , great investment Property .

8559 S Ashland Avenue, Chicago

$265,000

12146913 MLS ⋅ CLOSED Status

Discover the potential of this exceptional mixed-use building, perfect for launching your business! The first floor offers ample space ideal for various uses and was previously utilized as a chiropractic practice. Upstairs, a spacious 3-bedroom apartment provides an excellent opportunity for additional rental income. The property also features a convenient two-car brick garage and new concrete in the rear. Recent updates include new plumbing, electrical systems, and a hot water tank. With a total of 3,100 sq. ft., this versatile property is ready for your next great venture. Don't miss out on the chance to make it your own! Rental income estimate: * Commercial: $3,375/month * Residential: $1,500/month * Total Monthly Rent: $3,375 + $1,500 = $4,875 * Total Annual Rent: $4,875 * 12 = $58,500

8509 S Ashland Avenue, Chicago

$575,000

12060586 MLS ⋅ CLOSED Status

IDEAL BUSINESS OPPORTUNITY FOR INVESTORS OR BUSINESS OWNER IN AUBURN GRESHAM. THE PROPERTY IS LOCATED ON BUSY ASHLAND AVE WITH PLENTY OF DAILY TRAFFIC. THIS COMMERCIAL PROPERTY ON A 29,000 SQUARE FOOT LOT HAS THREE BUSINESSES THAT ARE FULLY LEASED. SET UP AS A TURNKEY INVESTMENT BUT CAN BE PERFECT FOR AN OWNER OPERATOR. THE BUSINESSES ARE THE ESTABLISHED MECHANIC SHOP/AUTOMOTIVE CENTER, HAIR SALON, FAST FOOD RESTAURANT. THE MECHANIC SHOP FEATURES 5 MECHANIC BAYS, AN OFFICE, EMPLOYEE ROOM,STORAGE BACKROOM, AND A BATHROOM. THE SALON HAS A CUSTOMER WAITING AREA, A LOUNGE AREA WITH WASH STATION AND (4) PRIVATE ROOMS THAT HOLD (2) STATIONS EACH AND A BATHROOM. THE RESTAURANT IS SET UP AS TAKE OUT , TO GO FOOD RESTAURANT WITH COUNTER TOP SPACE FOR MINIMAL DINING. BIG KITCHEN HAS REAR STORAGE, WALK IN FREEZER, MANAGER OFFICE AND COOKING STATION FOR 3 PEOPLE, ALONG WITH SPACIOUS CUSTOMER SERVICE COUNTER. THIS COMMERCIAL PROPERTY OFFERS AN EXCEPTIONAL OPPORTUNITY FOR BUSINESS OWNERS AND INVESTORS. THIS MIXED USE COMMERCIAL SPACE IS IDEAL FOR A VARIETY OF BUSINESS VENTURES. EXTERIOR OF THE BUILDING HAS PLENTY OF PARKING FOR OVER 20 CARS. ENOUGH SPACE FOR CLIENTS. THE PROPERTY ALSO HAS A SECURITY GATE. PROPERTY PREVIOUSLY HAD A CARWASH AND CAN ALWAYS BE REPURPOSED. NEW 25K MARQUEE SIGN WITH LIGHTS. ALSO NEW BLACK TOP.

7820 - 7832 S Ashland Avenue, Chicago

$125,000

12017903 MLS ⋅ CLOSED Status

Calling all potential investors! Great space to live where you work! Check out this well maintained mixed-use property in the South Shore neighborhood. First floor has separate heat and A/C. Can be used for any retail store recreational, office space etc. The upstairs unit boasts 3 beds and 1.5 baths. Perfect for for the ideal shop owner or perhaps another source of income. Property being sold AS-IS. Waiting for you to bring back to life! Schedule your showing today!

1853 E 79Th Street, Chicago

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Auburn Gresham, Chicago IL · Curated MLS Search

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