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7831-33 S Racine Ave , Chicago, IL 60621
$400,000
Est. Payment: $2,146.19/mo
Status: active | Days on site: 7
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28768 - 265530,218300
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House Description

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!

Highlights

Listed by Anastasia Rimovsky , 708-268-0744 and Paushaun Julien , (773) 440-8700 Village Realty, Inc. , 708-478-1212. Midwest Real Estate Data mls logo

Property Type

Commercial Sale

Year Built

1950

County

Cook

Area

CHI - Auburn Gresham

Listing ID

12779507

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Interior Features

Exterior Features

Lot Dimensions:50X150
Principal Interest
$2,146
Taxes
$255

Home Price

$400,000

Loan Details

30 yrs
7.08%

Down Payment

20%
$80,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,146.19

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,146.19 $255.00 $0.00 $2,401.19
Yearly $25,754.26 $3,060.00 $0.00 $28,814.26
Total $772,627.87 $91,800.00 $0.00 $864,427.87
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Master Chief
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Market insight data is pulled from the same city as the listing being viewed (Chicago, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T04:57:04.000Z

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