Property for Sale: 6617 S Ashland, Chicago, IL 60636

$450,000
$450,000
6617 S Ashland, Chicago, IL 60636
$450,000
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Price:
$450,000

Type Commercial
Year Built 1914

City Chicago
County Cook

MLS 12215075
Status Active
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.

Lot & Building Features

Cooling None
Tax Year 2022
Lot Dimensions 0.26 AC ft

Price History of 6617 Ashland, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $450,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Kim Patton
Direct: 773-445-4442
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Compass, Tim Lorimer
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20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

6617 Ashland (MLS #12215075) is a commercial listing located in Chicago, IL. This property was listed on 11/21/2024 and has been priced for sale at $450,000.

Nearby zip codes are 60609, 60620, 60621, 60629 and 60638.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Compass