7753 South Ashland Avenue

Chicago, IL 60620

$298,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Incredible opportunity for aspiring restaurateurs and investors! With a fully functional restaurant space of 1600 square feet, complete with top-of-the-line equipment (owner is open to negotiating sale of equipment). The added features, such as the basement with a security center and office, enhance its functionality. Entire building was a gut rehab in 2020. The 2nd-floor apartment, also 1600 square feet, offers a perfect living space with three bedrooms and two bathrooms, not to mention the large...Incredible opportunity for aspiring restaurateurs and investors! With a fully functional restaurant space of 1600 square feet, complete with top-of-the-line equipment (owner is open to negotiating sale of equipment). The added features, such as the basement with a security center and office, enhance its functionality. Entire building was a gut rehab in 2020. The 2nd-floor apartment, also 1600 square feet, offers a perfect living space with three bedrooms and two bathrooms, not to mention the large back deck-ideal for relaxation or entertaining. The 2-car garage and crawl space add extra storage convenience. The current rental income of $1500/month until the end of 2024 presents a steady cash flow while you explore the restaurant business. With a motivated seller and a competitive price, this property is certainly a must-see for those looking to create their dream restaurant while enjoying the benefits of living above it. Don't let this opportunity slip away! Come see today!
  1. Listed by Mary Ellen Daly Garcia • Hudson Burnham Real Estate

Property Details for 7753 South Ashland Avenue

Area
CHI - Auburn Gresham
Township
Hyde Park
Zoning
COMMR
LISTING UPDATED: 12/15/2024 10:36 PM

Property Details for 7753 South Ashland Avenue

StatusPrice Change
MLS #12205369
Days on Market41
Taxes$1,764 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1927
Lot Size0.07 AC / 3,175 SF
CountyCook County

Building Information for 7753 South Ashland Avenue

Stories2Residences2Year Built1927Lot Size0.07 AC / 3,175 SF

Property Information for 7753 South Ashland Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago South
  • Information: 24-Hr Notice Required,Exceptions-Call List Office,List Broker Must Accompany,Short Notice OK
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Separate Meters
  • Heat/Ventilation: Central Bldg Heat,Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 3175.0
  • Stories: 2
  • Exterior Building Type: Vinyl Siding, Brick
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Building Area Total: 3175
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Documents Available: Appraisal
  • Public Document Count: 0
  • Photos Count: 36
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: $2,400.00
  • Fuel Expense: $1,200.00
  • Gross Income: $50,300.00
  • Gross Scheduled Income: $34,240.00
  • Insurance Expense: $2,400.00
  • Total Monthly Income: 4192
  • Other Expense: $1,000.00
  • Trash Expense: $600.00
  • Water Sewer Expense: $1,800.00

Property History for 7753 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 7753 South Ashland Avenue

Taxable ValueLand$2,031Additions$9,968Total$11,999
Tax Record2022$1,764 ($147 / month)
Home Facts
Baths1Total Finished SqFt2,875 SqFtAbove Grade Finished SqFt2,875 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1927CountyCOOKAPN20-29-311-014

Schools near 7753 South Ashland Avenue

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

Bogan High School
Public9 to 12

CICS Ralph Ellison
Charter9 to 12

LEARN Chtr - Hunter Perkins Camp
CharterK 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

7753 South Ashland Avenue is a mixed use property for sale in Chicago, IL 60620. This property was listed for sale on November 7, 2024 by Hudson Burnham Real Estate, it's currently listed at $298,000. This listing's school district is Chicago Public Schools. Nearby schools include Barton Elementary School, Bogan High School and CICS Ralph Ellison. 7753 South Ashland Avenue is a 0-bed, 0-bath, mixed use property built in 1927.

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 Hudson Burnham Real Estate

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 12/15/2024 10:36 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.