$400,000
7831-33 S Racine Avenue
Chicago, IL, 60621
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!
Property Details
Price:
$400,000
MLS #:
MRD12779507
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chiauburngresham
Listed Date:
Oct 9, 2026
Year Built:
1950
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick
Stories
2
Financial
Tax Year
2025
Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.
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Current real estate data for Commercial in Chicago as of Nov 01, 2026
881
Commercial Listed
182
Avg DOM
$1,011,093
Avg List Price
Community
- Address7831-33 S Racine Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60621
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Property Summary
- 7831-33 S Racine Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60621. It is listed for $400,000 To schedule a showing of MLS#mrd12779507 at 7831-33 S Racine Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.

Copyright 2026. All rights reserved.
7831-33 S Racine Avenue
Chicago, IL





