6617 South Ashland Avenue
$450,000
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Listed By Compass
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...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 Agent
Property Details for 6617 South Ashland Avenue
Area
CHI - West Englewood
TownshipLake
ZoningCOMMR
LISTING UPDATED: 11/27/2024 12:06 AM
Property Details for 6617 South Ashland Avenue
Status | Active |
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MLS # | 12215075 |
Days on Market | 32 |
Taxes | $10,360 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1914 |
Lot Size | 0.26 AC / 11,325 SF |
County | Cook County |
Building Information for 6617 South Ashland Avenue
Stories2Residences14Year Built1914Lot Size0.26 AC / 11,325 SF
Property Information for 6617 South Ashland Avenue
Property History for 6617 South Ashland Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6617 South Ashland Avenue
Taxable ValueLand$10,080Additions$40,289Total$50,369
Tax Record2022$10,360 ($863 / month)
Home Facts
Total Finished SqFt2,600 SqFtAbove Grade Finished SqFt2,600 SqFtStories2Lot Size11,200 SqFtStyleStoresYear Built1914CountyCOOKAPN20-20-116-005
Schools near 6617 South Ashland Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Bass Elementary School PublicPK to 8 | ||
Englewood STEM High School Public9 to 12 | ||
Providence-Englewood Elementary Charter School CharterK to 8 | ||
Davis M Magnet Elementary School PublicPK to 8 |
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.
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