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6617 S Ashland Avenue
Chicago IL 60636 US

$475,000

Active Listing ID 11986826
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$475,000

Active Listing ID 11986826
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6617 S Ashland Avenue 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 475000
  • unparsedaddress: 6617 S Ashland Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60636
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingareaunits: Square Feet
  • listagentfullname: Tim Lorimer
  • listagentemail: tim@themlpg.com;info@themlpg.com
  • listagentkey: 3yd-MREDIL-886045
  • listagentmlsid: 886045
  • listagentpreferredphone: 6305460254
  • listagentofficephone: 7734821917
  • listofficekey: 3yd-MREDIL-87120
  • listofficemlsid: 87120
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1914
  • listingcontractdate: 2024-03-21
  • listagenturl: https://www.compass.com/
  • countyorparish: Cook
  • parcelnumber: 20201160050000
  • numberofunitstotal: 14
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/MREDIL/11986826/?channel=rexren", "LeadRoutingEmail":"tim@themlpg.com;info@themlpg.com", "BrokerName":"Compass Real Estate", "ListingTitle":"Commercial Sale - Chicago, IL", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":null, "ListOfficeAddress1":"20 W Kinzie St Fl. 15", "ListOfficeAddress2":null, "ListOfficeCity":"Chicago", "ListOfficePostalCode":"60654", "ListOfficeStateOrProvince":"IL", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Compass Real Estate", "ListBrokeragePhone":null, "ListBrokerageEmail":null, "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":null, "ListBrokerageUnitNumber":null, "ListBrokerageCity":null, "ListBrokerageStateOrProvince":"IL", "ListBrokeragePostalCode":null, "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-04-24T12:12:01Z", "Neighborhoods":[{"Name":"CHI - West Englewood", "Description":null}], "Taxes":[{"TaxYear":"2022", "TaxAnnualAmount":10360, "TaxDescription":null}]}
Listing Changed: 4/24/2024 5:51:35 PM GMT
Source Updated Date: 5/4/2024 6:40:30 AM GMT

Courtesy of: Tim Lorimer, Compass, tim@themlpg.com;info@themlpg.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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