4748 South Ashland Avenue

Chicago, IL 60609

$710,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a prime investment opportunity in the Back of the Yards neighborhood at 4748 South Ashland Avenue, Chicago, IL, 60609. This 10,000 SF, 2-story building offers a spacious and versatile layout, ideal for office building use + 3 city lots of crucial & suburb parking-2,228 SF. Situated in the vibrant Chicago area, this property presents a compelling opportunity for investors seeking a strategic addition to their portfolio. With its prime location and ample space, this property is prepped...Introducing a prime investment opportunity in the Back of the Yards neighborhood at 4748 South Ashland Avenue, Chicago, IL, 60609. This 10,000 SF, 2-story building offers a spacious and versatile layout, ideal for office building use + 3 city lots of crucial & suburb parking-2,228 SF. Situated in the vibrant Chicago area, this property presents a compelling opportunity for investors seeking a strategic addition to their portfolio. With its prime location and ample space, this property is prepped to meet the demands of modern businesses. Take advantage of this rare chance to secure a valuable asset in a thriving commercial real estate market. -Versatile office space in a high-demand area. -Recently renovated and well-maintained building. -Excellent visibility and accessibility with a high walk score of 85/100. -City Reinvestment Opportunity. -Invest South West corridor. -Potential for customization & value-added potential to suit specific business needs. -Ample parking lot for employees and visitors. -Proximity to critical amenities and transportation options. -Strong potential for rental income or owner-occupation. -Potential for value appreciation in a thriving market.
  1. Listed by Terri Cox • Matanky Realty Group Inc.

Property Details for 4748 South Ashland Avenue

Area
CHI - New City
Township
Lake
Zoning
RTAIL
LISTING UPDATED: 08/27/2024 02:40 PM

Property Details for 4748 South Ashland Avenue

StatusActive
MLS #12081323
Days on Market157
Taxes$34,543 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1912
Lot Size0.31 AC / 13,718 SF
CountyCook County

Building Information for 4748 South Ashland Avenue

Stories2Residences2Year Built1912Lot Size0.31 AC / 13,718 SF

Property Information for 4748 South Ashland Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago South
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Flooring: Tile
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
  • Water Drainage: Floor Drains
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Taxes, Insurance, Repairs, Sewer
  • Built Before 1978: Yes
  • Approximate Age: 26-35 Years
  • Lot Dimensions: 111'X123.60'
  • Lot Size Square Feet: 13718.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick, Concrete, Stone
  • Roof Type: Membrane
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 10984
  • # Of Offices: 0
  • Office SqFt: 5492
  • Retail SqFt: 5492
  • # Of Stores: 1
  • Property Sub Type: Apts/Ofc/Store, Ofc/Store
Property and Assessments
  • Possible Use: Commercial, Retail
  • Docks: None
  • Public Document Count: 1
  • Document Date: 2024-07-24T16:51:04
  • Photos Count: 17
Miscellaneous
  • Current Use: Commercial
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $258.00
  • Fuel Expense: $.00
  • Gross Income: $87,268.00
  • Gross Scheduled Income: $87,268.00
  • Insurance Expense: $6,451.00
  • Electric Expense Source: Actual
  • Expense Year: 2024
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 7114
  • Water Expense Source: Actual
  • Net Operating Income: $49,989.00
  • Operating Expense: $37,279.00
  • Other Expense: $25,003.00
  • Trash Expense: $.00
  • Water Sewer Expense: $5,566.00

Property History for 4748 South Ashland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4748 South Ashland Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 10 to 12
Public - 9 to 12
Rating
School
Distance
Richards Career Academy High School
Public9 to 12

BACK OF THE YARDS IB HS
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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4748 South Ashland Avenue is a mixed use property for sale in Chicago, IL 60609. This property was listed for sale on June 5, 2024 by Matanky Realty Group Inc., it's currently listed at $710,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Chavez Elementary Multicultural Academy Center, Richards Career Academy High School and Peace And Education Coalition High School. 4748 South Ashland Avenue is a 0-bed, 0-bath, mixed use property built in 1912.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matanky Realty Group Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/27/2024 02:40 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.