View All South Chicago Chicago IL Mixed Use Homes Listings

Welcome to South Chicago's next premier business opportunity - a dynamic mixed-use property offering endless potential in a rapidly evolving corridor. Formerly home to two separate businesses, a bar and salon, this expansive commercial space has already undergone major improvements, including a brand-new tear-off roof and a completely gutted to the studs in preparation for a large-scale restaurant and bar concept. Architectural plans are included with the sale, creating a seamless path for your vision to become reality. Designed with flexibility in mind, the massive steel-framed structure offers a rare clear-span layout with uninterrupted floor-to-ceiling window lines, delivering exceptional natural light, visibility, and design possibilities. Whether you envision a trendy restaurant, upscale lounge, cafe, boutique retail space, gym, creative studio, or professional office, this property is ready to accommodate your next venture. Above the commercial space, the attached residential apartment provides the ultimate live/work opportunity, featuring three spacious bedrooms, one-and-a-half baths, and both front and rear outdoor decks perfect for relaxing or entertaining. A large gated backyard and expansive on-site parking add even more convenience and functionality. Ideally located near the future Quantum Computing Campus and surrounded by ongoing neighborhood investment and development projects, this property is positioned to benefit from continued growth, increased demand, and long-term value appreciation. This is a unique chance to establish your business, invest in a transforming community, and create something truly exceptional. Schedule your private tour today and explore the possibilities waiting in South Chicago!

2544 E 83Rd Street, Chicago

$185,000

12683392 MLS ⋅ ACTIVE Status

Corner brick mixed-use 4-unit with strong upside potential. Property features a storefront salon suite with 7 individual suites in need of finishing touches, one gutted 3-bedroom unit ready for full rehab, and two 2-bedroom residential units (one currently occupied). Building offers solid structure and layout with significant value-add potential throughout. Sold AS-IS. Bring your contractors and vision to unlock the full potential. 24-48 hour notice required for all showings.

8357 S Marquette Avenue, Chicago

$229,900

5 Beds ⋅ 2 Baths ⋅ 12665026 MLS ⋅ ACTIVE Status

Excellent investment opportunity in Chicago's South Shore neighborhood! This spacious brick mixed-use 2-unit building offers incredible upside potential for investors or owner-occupants looking to build long-term wealth. Featuring a desirable unit mix with 5 total bedrooms and 2 full bathrooms, separate utilities, individual furnaces, updated electrical, newer mechanicals including furnace and hot water tank, and a full unfinished basement offering additional storage and future possibilities. Both units feature functional layouts with generous living space, fresh paint, updated finishes, and well-maintained kitchens and baths, including a recently remodeled second-floor bathroom. The second-floor 3-bedroom unit features a spacious private deck with city views, adding additional outdoor living space. The property also includes a fully fenced backyard and 2-car garage, providing valuable off-street parking. Located minutes from Lake Michigan, multiple beaches, golf courses, public transportation, shopping, restaurants, and the future Obama Presidential Center, this location offers strong long-term growth potential. Whether you're looking to house hack, expand your rental portfolio, or secure a potential income-producing property, this solid Chicago brick multi-unit offers the location, features, and upside investors are looking for. Don't miss this South Shore opportunity!

1835 E 79Th Street, Chicago

$450,000

12587967 MLS ⋅ ACTIVE Status

8714 S. Commercial Ave. is a mixed-use retail and residential value-add opportunity located in Chicago's 60617 area. The property is being offered at $450,000 with a $25,000 buyer credit that may be applied toward the remaining renovation scope, subject to the terms of the purchase agreement. The asset consists of a 1,100-square-foot street-level retail storefront and five residential apartments, providing investors with a diversified income profile supported by neighborhood-serving retail and workforce housing demand. With three residential units and the retail storefront currently positioned for lease-up, the property offers a clear path to near-term income while the remaining apartments are completed and brought online. Lease the completed residential units and storefront, use the resulting operating momentum to reduce carrying costs, and complete the remaining residential renovations to achieve stabilized occupancy and cash flow. Residential and Retail Components The residential component includes: Three 2BR/1BA apartments that are move-in ready Two 3BR/1BA apartments requiring completion One 1,100-square-foot retail storefront that is move-in ready The two unfinished 3BR/1BA apartments require additional interior improvements, including drywall, kitchen cabinetry, appliances, finishes, and related completion work. The remaining renovation budget is estimated at $50,000. With the seller offering a $25,000 credit, the buyer's remaining estimated renovation exposure is reduced to $25,000, providing a more attractive basis and a defined path toward stabilization. Rather than deploying the full renovation budget before generating income, the buyer can sequence the remaining work while leasing the completed portions of the property. At stabilization, the property is projected to generate: Pro Forma Gross Revenue: $92,400 Effective Gross Revenue: $89,112 Pro Forma Net Operating Income: $53,482 Pro Forma Cap Rate on Estimated All-In Basis: 11.26% Based on an illustrative financing structure of 70% loan-to-value, the property may also produce $30,208 in annual cash flow after debt service, representing a projected 18.88% cash-on-cash return. Financing terms and actual returns will depend on the buyer's loan structure, renovation costs, lease-up timing, and operating performance. 8714 S. Commercial Ave. is well-suited for local and regional investors seeking a manageable mixed-use value-add opportunity with near-term income potential, limited remaining renovation exposure, and a measurable path to stabilized cash flow. The revised $450,000 asking price and $25,000 seller credit provide a more compelling entry point while preserving meaningful upside through renovation completion, leasing, and professional management.

8714 S Commercial Avenue, Chicago

$599,900

12559454 MLS ⋅ ACTIVE Status

16 unit building ideal for value-add investors looking to build sweat equity. Can be combined with 7951 S Muskegon Ave, adding an additional 17 units available from the same seller. 7957-7959 S Muskegon Ave is well-positioned for growth with its proximity to the upcoming Quantum Shore development, a transformative mixed-use project that is anticipated to drive demand for quality housing. This location offers investors a rare opportunity to capitalize on early-stage momentum in a rapidly evolving location. Additionally, this property is located just down the street from the Cheltenham/79th Street Metra stop and walking distance to Rainbow Beach.

7959 S Muskegon Avenue, Chicago

$599,900

12559449 MLS ⋅ ACTIVE Status

17-unit building ideal for value-add investors looking to build sweat equity. Can be combined with 7957-7959 S Muskegon Ave, adding an additional 16 units available from the same seller. 7951 S Muskegon Ave is well-positioned for growth with its proximity to the upcoming quantum Shore development, a transformative mixed-use project that is anticipated to drive demand for quality housing. This location offers investors a rare opportunity to capitalize on early-stage momentum in a rapidly evolving location. Additionally, this property is located just down the street from the Cheltenham/79th Street Metra stop and walking distance to Rainbow Beach.

7951 S Muskegon Avenue, Chicago

$90,000

12551344 MLS ⋅ CLOSED Status

Corner mixed use 2 unit. Comercial space on 1st level used to be a barber shop and residential unit on the 2nd floor with spacious living room with hardwood floors and 2 bedrooms and a bath. Take advantage of this investment opportunity!

2724 E 83Rd Street, Chicago

$256,000

10 Beds ⋅ 7 Baths ⋅ 12372063 MLS ⋅ CLOSED Status

Rehab Project!!! Exciting changes are happening in South Shore, and this 4-unit building at 7924 S. Essex puts you right in the heart of it! This property offers an excellent opportunity to take on a rehab project and build significant equity. With major economic development underway, now is the time to secure your spot in one of Chicago's most promising neighborhoods. Just a short distance away, the upcoming mixed-use entertainment center at 7052 S. Jeffrey will bring a Creole restaurant, dine-in cinema, bowling alley, and event space-turning the area into a hotspot for dining and entertainment. South Shore is on the rise, with major investments reshaping the community. The Thrive Exchange project, a multi-million dollar mixed-use development at 7901 S. Exchange, will bring 43 affordable workforce housing units, retail spaces, and offices for Neighborhood Housing Services. Designed with community growth in mind, it will also feature a retail plaza, tenant amenities, and pedestrian-friendly spaces that enhance connectivity. This transformative project, backed by both public and private funding, is a game-changer for the area, providing new opportunities for businesses and residents alike. Additionally, the Obama Presidential Library is set to attract businesses, restaurants, and cultural destinations, adding long-term value. Improved infrastructure, better public transit, and planned green spaces are only adding to the area's appeal. With growing accessibility, easy transit access, and proximity to all these exciting changes, this property provides the perfect opportunity for someone to renovate the building and take advantage of the high ARV (After Repair Value). Whether you're looking to live in the building or invest in the area's booming market, this rehab project is the chance you don't want to miss to build equity and be part of South Shore's transformation!

7924 S Essex Avenue, Chicago

$300,000

12325344 MLS ⋅ PENDING Status

A 5,000 square foot mixed-use building located in the Calumet Heights neighborhood is available for sale. This property consists of two retail storefronts on each ground floor with apartments above. Long-term tenants include Polka Gourmet European Deli and Roma's Restaurant. Great location on Chicago Avenue and convenient to public and vehicular transportation. Calumet Heights is a largely residential neighborhood located on the Far South Side of Chicago. This prime location, with its close proximity to MetraRail stations, CTA buses and shops nearby, makes this property a great opportunity for investment.

9273-77 S South Chicago Avenue, Chicago

$130,000

3 Beds ⋅ 2 Baths ⋅ 12139468 MLS ⋅ CLOSED Status

Unlock the potential of this prime mixed-use property located in the thriving South Chicago neighborhood! This unique offering sits on a double lot, providing ample space for a variety of business opportunities and residential living. The property features a well-maintained space on the ground floor that is currently utilized as a local community place of worship. Future use is ideal for retail, office, or service-oriented businesses. With large windows that allow for excellent visibility and natural light, this versatile space is ready for your creative vision. The interior boasts an open layout, which can easily be customized to suit your needs. Above the commercial area, you'll find a spacious residential unit complete with 3 bedrooms and 1 bathroom. This charming apartment features an open comfortable living area, perfect for tenants or owner-occupants. Enjoy the convenience of separate entrances for both the commercial and residential sections, ensuring privacy and functionality. The expansive double lot offers plenty of outdoor space for potential expansion, parking, or landscaping. Imagine creating a patio area for outdoor dining or a garden oasis in the heart of the city! Located in a bustling community, this property is just steps away from the lakefront, local amenities, public transportation, and major roadways, providing easy access to downtown Chicago and surrounding neighborhoods. Whether you're looking to invest, start your own business, or generate rental income, this mixed-use property presents a fantastic opportunity. Don't miss out on this rare find in South Chicago-schedule your exclusive showing today and explore the possibilities this property has to offer! Conveyed as-is. Property taxes prorated at 100% of most recent full year tax bill. Buyer will assume any/all violations.

8058 S Coles Avenue, Chicago

$177,000

3 Beds ⋅ 4 Baths ⋅ 11922935 MLS ⋅ CLOSED Status

You can buy this Mixed use property . Uniq property multi units plus office space.. Main level has huge front space with 3 backrooms for private offices plus a full bathroom if you want to convert for a living space. The office space is currently used by owner, and some of it is rented. Second floor has two units, unit one has an updated 1 bedroom 1 bath, which is currently vacant. Second unit has 2 bedrooms large living room, full bathroom plus half a bath, and currently rented month to month. The property has a huge basement, washer dryer hookups. Large back yard that have access from the ally , can be easily convert to a parking space. With the extra rents, it will be positive cash flow, perfect for an owner occupant. Only 2 rooms of the office is being rented out for $400.More space is available for rent.

9130 S Houston Avenue, Chicago

$185,000

11741324 MLS ⋅ CLOSED Status

CALLING ALL INVESTORS! You don't want to miss out on this amazing investment opportunity! This mixed use property features a bar space that can be used as a restaurant, laundromat, bar, night club, and so much more with renovation! It also features 5 units, 3 which are move in ready and habitable, and 2 that have been gutted already and ready for your finishing touches! This property has the income potential OF A LIFETIME. With some renovations and TLC, this can be worth at least triple the listed value! Whats better than purchasing a building with plenty of equity before even starting renovations?! Did I mention? This property is in such a convenient location! Want to rent out the units AND the commercial space? You can do JUST THAT! Don't miss out on this amazing opportunity, schedule your tour T O D A Y! This building is being sold as is.

8701 S Houston Avenue, Chicago

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Mixed Use Homes in South Chicago, Chicago IL

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