7815 S Kedzie Ave, Chicago, IL

Stabilized 5-Unit Mixed-Use Investment Opportunity

One Commercial Space + Four Residential Units | 100% Stabilized

KW Commercial is pleased to offer the opportunity to sell 7815 S Kedzie Ave, Chicago, IL 60652, a 100% leased mixed-use investment asset comprised of four (4) residential units and one (1) ground-floor commercial space. This stabilized property delivers diversified cash flow, structured lease protections, and strong underlying land value—positioning it as a compelling risk-adjusted investment opportunity on Chicago’s Southwest Side.

Executive Investment Summary

7815 S Kedzie Ave is a fully stabilized, income-producing mixed-use asset strategically positioned along the well-trafficked South Kedzie Avenue commercial corridor. The property consists of a 6,600 SF building situated on an oversized 11,841 SF land parcel, providing both immediate cash flow stability and long-term intrinsic land value.

Originally constructed in 1965 and later repositioned from its former hotel use into its current mixed-use configuration, the property offers an efficient layout with approximately 3,300 square feet of ground-floor commercial space and four residential units above. The diversified tenancy structure reduces volatility typically associated with single-tenant assets, creating a more durable and resilient income profile.

Property Overview
Asset Type: Stabilized Mixed-Use (4 Residential Units + 1 Commercial Unit)
Occupancy: 100% Leased
Building Size: 6,600 SF
Commercial Footprint: ±3,300 SF (Ground Floor)
Land Area: 11,841 SF (Oversized Parcel)
Year Built: 1965
Zoning / Use: Mixed-Use (Residential + Commercial)

Investment Highlights

The asset benefits from a diversified revenue stream blending residential tenancy with a long-term commercial occupant, reducing binary vacancy exposure commonly associated with single-tenant retail properties.

The commercial lease structure includes expense participation, providing a partial hedge against inflationary cost increases and strengthening long-term NOI durability.

The oversized land parcel further enhances the investment profile, offering operational flexibility, secured parking, and long-term residual land value support—an uncommon feature for mixed-use properties of this scale.

Key Highlights
• Fully stabilized, income-producing asset
• Diversified revenue stream (residential + commercial)
• Long-term daycare tenancy with renewal options
• Modified Gross lease structure with expense participation
• Oversized lot supporting intrinsic land value premium
• Secured on-site parking (rare corridor amenity)
• Reduced vacancy exposure versus single-tenant retail

Commercial Component
 

Ground Floor – Daycare Tenant
The ground-floor commercial space is leased to a daycare operator under a structured Modified Gross lease with renewal options, providing predictable income visibility and operational stability within a residentially dense trade area.
The lease includes expense participation provisions, whereby the tenant reimburses a percentage of annual increases in real estate taxes, insurance, and water, enhancing expense containment and supporting long-term cash flow stability.

Commercial Strengths:
• Long-term tenancy structure
• Expense escalation participation
• Stable, neighborhood-serving use
• Reduced re-leasing volatility relative to discretionary retail

Residential Component

Second Floor:
The second floor consists of four fully leased residential units generating consistent in-place income