8507 South Ashland Avenue

Chicago, IL 60620

$200,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover the potential of this exceptional mixed-use building, perfect for launching your business! The first floor commercial space offers ample space ideal for various uses and was previously utilized as barbershop and hair salon. On the second floor residential level you have two units, each offering 2 spacious bedrooms and one full bath that provides an excellent opportunity for additional rental income. The property also features a convenient 1-5 car concrete pad in the rear for ample parking....Discover the potential of this exceptional mixed-use building, perfect for launching your business! The first floor commercial space offers ample space ideal for various uses and was previously utilized as barbershop and hair salon. On the second floor residential level you have two units, each offering 2 spacious bedrooms and one full bath that provides an excellent opportunity for additional rental income. The property also features a convenient 1-5 car concrete pad in the rear for ample parking. Property has a new roof that is less than 5 years old. With a total of ~3,000 sq. ft., this versatile property is ready for your next great venture with a some TLC. Don't miss out on the chance to make it your own! Schedule your private showing today to view the potential this property has for your investment purposes!
  1. Listed by Elijah Reese • Serene Realty, Inc.
  2. Listed by Vadie Reese • Serene Realty, Inc.

Property Details for 8507 South Ashland Avenue

Area
CHI - Auburn Gresham
Township
Lake
Zoning
COMMR
LISTING UPDATED: 12/11/2024 01:02 PM

Property Details for 8507 South Ashland Avenue

StatusPrice Change
MLS #12169753
Days on Market83
Taxes$2,719 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1959
Lot Size0.07 AC / 3,000 SF
CountyCook County

Building Information for 8507 South Ashland Avenue

Stories2Residences4Year Built1959Lot Size0.07 AC / 3,000 SF

Property Information for 8507 South Ashland Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: Chicago South,Chicago Southwest
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Radiators
  • Washer/Dryer Lsd: No
  • Misc Inside: Private Restroom/s,Public Restroom/s
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: .062
  • Lot Size Square Feet: 3000.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • Building Area Total: 2700
  • # Of Offices: 2
  • # Of Ranges: 2
  • # Of Stores: 2
  • Property Sub Type: Apts/Ofc/Store, Apts/Ofc, Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Retail
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2024-09-20T23:02:39
  • Photos Count: 17
Miscellaneous
  • Current Use: Commercial
  • Location: In City Limits
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: $700.00
  • Fuel Expense: $1,720.00
  • Gross Income: $37,680.00
  • Gross Scheduled Income: $37,680.00
  • Insurance Expense: $792.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 640
  • Water Expense Source: Owner Projection
  • Other Expense: $350.00
  • Trash Expense: $110.00
  • Water Sewer Expense: $335.00

Property History for 8507 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 8507 South Ashland Avenue

Taxable ValueLand$1,755Additions$9,245Total$11,000
Tax Record2022$2,660 ($222 / month)
Home Facts
Baths1Total Finished SqFt3,000 SqFtAbove Grade Finished SqFt3,000 SqFtStories2Lot Size2,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1959CountyCOOKAPN20-32-315-003

Schools near 8507 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 - 9 to 12
Rating
School
Distance
Cuffe Math-Sci Tech Elementary Academy
PublicPK to 8

Hirsch Metropolitan High School
Public9 to 12

LEARN Chtr - Hunter Perkins Camp
CharterK to 8

Bridgescape Academy Brainerd
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.

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8507 South Ashland Avenue is a mixed use property for sale in Chicago, IL 60620. This property was listed for sale on September 20, 2024 by Serene Realty, Inc., it's currently listed at $200,000. It has been on the market for a total of 83 days and was last sold on July 24, 2001. This listing's school district is Chicago Public Schools. Nearby schools include Cuffe Math-Sci Tech Elementary Academy, Hirsch Metropolitan High School and LEARN Chtr - Hunter Perkins Camp. 8507 South Ashland Avenue is a 0-bed, 0-bath, mixed use property built in 1959.

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 Serene Realty, 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 12/11/2024 01:02 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.