5225 South Ashland Avenue

Chicago, IL 60609

$409,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

5225 s. Ashland is a 4-unit mixed-use building located in Chicago's up & coming Back-of-the-Yards neighborhood. This asset has an in-place cap rate of 7.2 (pro forma cap is 15), is composed of 3 BIG apartments (1 x 2/1 & 2 x 3/2s), 1 Store and has a lease thru February 2027 and plenty of rental upside. Hungry? Sustenance at Aldi & Mariano's are just 10 & 13 minutes away respectively. Need to get back to the office? The CTA's Roosevelt & Western station is a 12-minute walk from your front door. Need...5225 s. Ashland is a 4-unit mixed-use building located in Chicago's up & coming Back-of-the-Yards neighborhood. This asset has an in-place cap rate of 7.2 (pro forma cap is 15), is composed of 3 BIG apartments (1 x 2/1 & 2 x 3/2s), 1 Store and has a lease thru February 2027 and plenty of rental upside. Hungry? Sustenance at Aldi & Mariano's are just 10 & 13 minutes away respectively. Need to get back to the office? The CTA's Roosevelt & Western station is a 12-minute walk from your front door. Need to get out of Dodge? The Eisenhower Expressway is a 4-minute drive due North. 16th Ward Alderman Stephanie Coleman runs the show. Information deemed reliable, but not guaranteed. Use diligence.
  1. Listed by Scott Siegel • Chicago Real Estate Authority

Property Details for 5225 South Ashland Avenue

Area
CHI - New City
Zoning
COMMR
LISTING UPDATED: 12/12/2024 12:07 AM

Property Details for 5225 South Ashland Avenue

StatusActive
MLS #12222131
Days on Market13
Taxes$1,645 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1920
Lot Size0.06 AC / 2,750 SF
CountyCook County

Building Information for 5225 South Ashland Avenue

Stories3Residences4Year Built1920Lot Size0.06 AC / 2,750 SF

Property Information for 5225 South Ashland Avenue

General Information
Location and General Information
  • Geographic Locale: Chicago South
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25 X 110
  • Lot Size Square Feet: 2750.0
  • Stories: 3
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Buyer Financing: Conventional, Cash, Other
  • Public Document Count: 0
  • Photos Count: 14
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $53,700.00
  • Gross Scheduled Income: $53,700.00
  • Insurance Expense: $2,000.00
  • Electric Expense Source: Actual
  • Expense Year: 2024
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 4475
  • Water Expense Source: Actual
  • Net Operating Income: $38,755.00
  • Operating Expense: $8,245.00
  • Other Expense: $.00
  • Trash Expense: $1,200.00
  • Water Sewer Expense: $3,600.00

Property History for 5225 South Ashland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5225 South Ashland Avenue

Taxable ValueLand$1,803Additions$8,759Total$10,562
Tax Record2022$2,172 ($181 / month)
Home Facts
Baths4Total Finished SqFt3,575 SqFtAbove Grade Finished SqFt3,575 SqFtStories2Lot Size2,775 SqFtStyleMulti-Family Res (5+ Units)Year Built1889CountyCOOKAPN20-08-308-011

Schools near 5225 South Ashland Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 10 to 12
Charter - K to 8
Public - 9 to 12
Rating
School
Distance
Libby Elementary School
PublicPK to 8

CICS Basil
CharterK to 8

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.

Similar Homes

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5225 South Ashland Avenue is a mixed use property for sale in Chicago, IL 60609. This property was listed for sale on December 6, 2024 by Chicago Real Estate Authority, it's currently listed at $409,900. It has been on the market for a total of 13 days and was last sold on May 19, 2005. This listing's school district is Chicago Public Schools. Nearby schools include Libby Elementary School, Peace And Education Coalition High School and CICS Basil. 5225 South Ashland Avenue is a 0-bed, 0-bath, mixed use property built in 1920.

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 Chicago Real Estate Authority

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 12/12/2024 12:07 AM. 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.