Chicago, IL 60636,6617 S Ashland AVE
Chicago, IL 60636,6617 S Ashland AVE
Chicago, IL 60636,6617 S Ashland AVE
9
See all 9 photos
$450,000
Est. payment /mo
Save
Active

6617 S Ashland AVE Chicago, IL 60636

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
23
Dec
Tue
24
Dec
Wed
25
Dec

UPDATED:

11/27/2024 06:06 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12215075

Year Built 1914

Annual Tax Amount $10,360

Tax Year 2022

Lot Dimensions 0.26 AC

Property Description

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.

Location

State IL

County Cook

Area Chi - West Englewood

Zoning COMMR

Interior

Cooling None

Fireplace N

Building

Dwelling Type Mixed Use

Level or Stories 2


Midwest Real Estate Data (MRED) IDX
Listed by Tim Lorimer • Compass

GET MORE INFORMATION

Michael Di Giovanni

Broker Associate | License ID: 475119822

+1(773) 583-2274

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

6617 S Ashland AVE