7831-33 S Racine Avenue Chicago, IL $ 400,000
7831-33 S Racine Avenue
$ 400,000
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7831-33 S Racine Avenue

Chicago, IL, 60621
$ 400,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,763

7831-33 S Racine Avenue, Chicago, IL 60621 - Image 1
7831-33 S Racine Avenue, Chicago, IL 60621 - Image 2
7831-33 S Racine Avenue, Chicago, IL 60621 - Image 3
7831-33 S Racine Avenue, Chicago, IL 60621 - Image 4

Commercial Property for sale in Chicago, IL

for $400,000. This building was built in 1950.

A Unique Mixed-Use Investment & Business Opportunity with this Versatile Property with Multiple Business & Income Possibilities! Discover an exceptional opportunity to own a versatile commercial property currently operating as a church, complete with two residential apartments above. Whether you're an established business owner, entrepreneur, investor, community organization, or religious institution, this property offers a unique combination of functional space, existing amenities, and future income potential. This property features a full sanctuary with new lighting fixtures, a dedicated choir area, a baptismal pool, a private pastor's office or study, and a spacious kitchen with an enormous dining and gathering area. The layout is ideal for worship services, fellowship gatherings, anniversary celebrations, banquets, private parties, meetings, and community events. Adding to its appeal are two upstairs apartments, one with three bedrooms and another with two bedrooms-offering the potential for rental income, owner occupancy, or on-site living for a business operator, subject to applicable requirements. Explore the Possibilities these buildings offer with potential for a variety of business and community uses, including Religious institutions: A new or growing church, ministry, religious education center, or community fellowship organization. Childcare and early learning: A daycare, preschool, or after-school program, subject to licensing and facility requirements. Event and banquet space: A venue for birthday parties, anniversaries, family celebrations, reception ns, banquets, workshops, and community events. Restaurant or catering business: A potential food-service operation, catering kitchen, or private dining venue, subject to required approvals. Professional offices: A community-service office, nonprofit headquarters, consulting business, training center, or administrative workspace. Entrepreneurial hub: A potential shared workspace, business incubator, creative studio, or small-business training center. Educational and enrichment programs: Tutoring, music lessons, choir rehearsals, arts programs, vocational training, and adult education. Community and wellness services: A potential meeting center, support-service location, or wellness and enrichment facility, subject to applicable approvals. This Potential Mixed-Use Investment has the combination of commercial space, and two residential apartments create opportunities for an owner-occupant or investor to explore multiple revenue streams. A future owner might operate a business on the main level while renting one or both apartments or lease the commercial space to a suitable operator while retaining the apartments as rental units. Another possibility is to create a community-focused business that uses the gathering areas for scheduled events, classes, and meetings. Conveniently located near public transportation, shopping, schools, and major highways, the property offers accessibility for customers, employees, residents, congregations, and community members. Whether you envision a new church, a neighborhood business, an event-based enterprise, or a mixed-use investment, this property provides a flexible foundation for bringing your vision to life. Easy to Show! Schedule your showing and explore the possibilities. Being sold As-Is!

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Commercial Active

Price

$ 400,000

Property Type

Commercial

Taxes

$ 0

Style

Year Built

1950

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12779507

Features
General
Cooling None
Construction Materials Brick
Year Built 1950
Tenant Pays Varies by Tenant
Stories Count 2
Township Lake
Tax Year 2025
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Instut/To Develop
Status New
Directions Racine north or south to address
City Chicago
MLS Area CHI - Auburn Gresham
Tax Annual Amount 0
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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Exterior
Foundation Details Brick/Mortar
Lot Dimensions 50X150
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* Excluded Features
List By
Village Realty, Inc.

Broker

suer@vrsrealty.com

Email

Affordability Calculator

$2,763
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,763
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/9/2026$400,000 Listed Price

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7831-33 S Racine Avenue, Chicago, IL, 60621 is a Commercial Property for sale at $400,000. 7831-33 S Racine Avenue was built in 1950. The property's zip code is 60621 which is in Chicago, IL