Chicago, IL 60636 6617 S Ashland Avenue
$450,000



4 more





Presented By: Compass
Home Details
Fantastic opportunity to own this mixed-use building located in an Opportunity Zone. With a projected NOI of almost $200k/yr upon completion, this property consists of ten residential units and four commercial units. The rare gated courtyard design of the property provides an insulated, safe environment for the residents. The four commercial units, with fantastic visibility and access to Ashland Ave are the perfect size for entrepreneurs to get their new businesses off the ground with a bang. The spaces are open, airy and offer flexible layouts that serve a wide range of businesses. The makeup of the residential units is four 1 bedroom units and six 2 bedroom units, each with 1 bathroom. They are all great sized units with big windows and lots of natural light. This is a two story building, convenient for the all tenant types, and also convenient for finishing the rehab (residential plumbing can be PVC, for example). The 4 commercial units will be very easy to fill given their size. They are perfect for NNN tenants like a quick serve restaurant (sandwich shop), barber shop, nail salon, tax/insurance shop etc. The property has been fully demo'd, a new full tear-off roof has been installed, most masonry work is completed and is fully framed out and ready for MEP. Plans have been approved with the city and permits are imminent.
Presented By: Compass
General for 6617 S Ashland Avenue
Additional Parcels Y/NNo
CityChicago
CoolingNone
CountyCook
DirectionsWest on Marquette Rd to Ashland. North to property.
ElectricOther
Electric Expense
Fuel Expense
Gross Income
Insurance Expense
Lot Size Square Feet11325
MLS AreaCHI - West Englewood
ModificationTimestamp2024-11-27T06:06:03.909Z
Net Operating Income
Number Of Units Total14
Operating Expense0
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount10360
Tax Year2022
Tenant PaysOther
TownshipLake
Trash Expense0
Water Sewer Expense0
Year Built1914
ZoningCOMMR
Exterior for 6617 S Ashland Avenue
Lot Dimensions0.26 AC
Additional Details
Price History
