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Commercial > Mixed Use
Active
03/25/2024
List Price
$450,000

6617 Ashland Ave
Chicago, IL 60636

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  • 6617 Ashland Ave, Chicago, IL 60636 is a 2,600 ft² commercial mixed use property property built in 1914 on a 0.257 acre lot. This commercial mixed use property is currently listed for $450,000, and it was last sold in 2022 for $350,000.

    MLS Description

    The listing agent's description. Original Listing

    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.

    Listing Agents

    The listing agent for 6617 Ashland Ave is Tim Lorimer.

    Current Ownership

    Information about the current owner(s).

    Property History

    6617 Ashland Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 6617 Ashland Ave

    School Information

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    Neighborhood

    This property is located in Southwest Side, Chicago, IL 60636.

    Market Trends

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    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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