Chicago, IL 60620 8244-8248 S Ashland Avenue

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Presented By: Coldwell Banker Realty
  • MLS# 12273369
  • 02/21/2025
  • Request Tour
  • Request Info
  • SQFT • 17,890

Home Details

Turnkey Investment Opportunity - Fully Rented Mixed-Use Building at 8244-8248 S Ashland Ave! Step into the world of effortless income generation with this meticulously maintained mixed-use property in the heart of Chicago's bustling Auburn Gresham neighborhood. Perfectly situated with excellent visibility and foot traffic, this cash-generating gem is fully rented and ready for its next visionary owner. Features: 8 spacious 1-bedroom apartments and 4 comfortable 2-bedroom apartments, all fully occupied by long-term tenants. 3 commercial spaces, including a thriving dental practice, anchoring the building with steady, reliable income. Strategically located on high-traffic Ashland Ave, ensuring visibility and accessibility for businesses and residents alike. Owners are ready to pass the torch, presenting a rare opportunity for investors seeking a stable, income-producing asset. This property has it all: location, stability, and cash flow! Whether you're an experienced investor or just breaking into the market, this is a portfolio-worthy addition that delivers immediate returns. Don't miss out-schedule your showing today and secure your place in Chicago's growing real estate market
Presented By: Coldwell Banker Realty

General for 8244-8248 S Ashland Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CoolingWindow Unit(s)
CountyCook
DirectionsSouth on Ashland to 8244
ElectricCircuit Breakers, Service - 101 to 200 Amps
Electric Expense1390
Fuel Expense9354
Gross Income184780
Insurance Expense10000
Lot Size Square Feet10000
MLS AreaCHI - Auburn Gresham
Net Operating Income125600
Number Of Units Total15
Operating Expense62056
PossessionClosing
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive Under Contract
StatusContingent
Stories3
Tax Annual Amount22718
Tax Year2023
Tenant PaysElectricity, Taxes, Repairs
Trash Expense3383
UtilitiesElectricity Available, Natural Gas Available, Sewer Connected
Water Sewer Expense8211
Year Built1963
ZoningCOMMR

Exterior for 8244-8248 S Ashland Avenue

Building Area Total17890
Frontage TypeCity Street
Lot Dimensions117X60
Water SourceMunicipal Water

Additional Details

Price History

Client Care

Price $1,250,000
MLS#12273369
List Date 02/21/2025
Property Type Contingent
Phone 847.485.2500
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