Chicago, IL 60608 1714 S Ashland Avenue

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Presented By: Engel & Voelkers Chicago
  • MLS# 12302433
  • 03/03/2025
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Home Details

* Prime Commercial Property in the vibrant Pilsen community. * This property consists of four generous size residential Artist Space presently but, the first floor expansive 3100 SQ feet space with floor to ceiling window facing Ashland Avenue with contiguous floor leading to Marshfield Avenue's loading dock, is a unique feature of this property with approximately same size basement loft at the intersection that boasts an Average Daily Traffic (ADT) count of nearly 36,000 vehicles-a major advantage for any local business. * Enhanced Logistics & Deliveries. * Proximity to Major Landmarks & Employers * Just minutes from Chicago's Medical District, the University of Illinois at Chicago (UIC), FBI Headquarters, Rush University Medical Center, the National Museum of Mexican Art, and Thalia Hall-a historic live music venue that draws both locals and visitors with top-tier performances. * Strong Investment Opportunity * Offering a double-digit CAP rate, driven by steady cash flow and significant appreciation potential. * Unmatched Accessibility * A commuter's delight, located at the intersection of 18th St. And Ashland Ave., with bus stops within walking distance and the Pink Line train station just a short walk away. * High Foot & Vehicle Traffic * This highly accessible location ensures consistent foot traffic and remarkable commuter convenience. With a powerful zoning: C1-2 * Investors will appreciate the versatile commercial use, accommodating tenants such as: national retailers * Coffee shops, restaurants, salons. * Artist live/work spaces * Universities, daycare centers, veterinary clinics * Urban farming, banquet halls, insurance agencies * Banks, financial services, bed & breakfasts, vacation rentals * Medical offices, data storage, auto supply stores * Motorcycle/boat sales, artisan industrial businesses * Laundromats/dry cleaning services * Wholesale operations, freight & warehousing * Wireless communication facilities and more! * Additionally, apartments are permitted above the ground floor, with over 5, 000 square feet of divisible residential space currently in use. * Strategic Location & Convenience * Costco is just two minutes away * Super easy access to I-290, I-55, and I-90/94 * Immediate convenience, cashflow, & long-term value * Invest in a strong, thriving community with a bright future. Motivated seller, aggressive price reduction.
Presented By: Engel & Voelkers Chicago

General for 1714 S Ashland Avenue

Additional Parcels Y/NNo
CityChicago
CoolingExhaust Fan
CountyCook
Directions18th Street to Ashland. Ashland to the address.
ElectricCircuit Breakers, Service - 0 to 100 Amps
Electric Expense
Fuel Expense1000
Gross Income13800
Insurance Expense
Lot Size Square Feet5950
MLS AreaCHI - Lower West Side
Net Operating Income25000
Number Of Units Total4
Operating Expense25000
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount4715
Tax Year2022
Trash Expense0
Water Sewer Expense0
Year Built1886
ZoningOTHER

Exterior for 1714 S Ashland Avenue

Lot Dimensions25 X 238
Water SourceMunicipal Water

Additional Details

Price History

Client Care

Price $1,190,000
MLS#12302433
List Date 03/03/2025
Property Type Commercial
Phone 847.485.2500
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