8509 South Ashland Avenue

Chicago, IL 60620

$275,000
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 offers ample space ideal for various uses and was previously utilized as a chiropractic practice. Upstairs, a spacious 3-bedroom apartment provides an excellent opportunity for additional rental income. The property also features a convenient two-car brick garage and new concrete in the rear. Recent updates include new plumbing, electrical systems, and a hot water tank. With a total...Discover the potential of this exceptional mixed-use building, perfect for launching your business! The first floor offers ample space ideal for various uses and was previously utilized as a chiropractic practice. Upstairs, a spacious 3-bedroom apartment provides an excellent opportunity for additional rental income. The property also features a convenient two-car brick garage and new concrete in the rear. Recent updates include new plumbing, electrical systems, and a hot water tank. With a total of 3,100 sq. ft., this versatile property is ready for your next great venture. Don't miss out on the chance to make it your own! Rental income estimate: Commercial: $3,375/month Residential: $1,500/month Total Monthly Rent: $3,375 + $1,500 = $4,875 Total Annual Rent: $4,875 12 = $58,500
  1. Listed by Destiny Murray • @properties Christie's International Real Estate

Property Details for 8509 South Ashland Avenue

Area
CHI - Auburn Gresham
Zoning
COMMR
LISTING UPDATED: 09/30/2024 01:49 PM

Property Details for 8509 South Ashland Avenue

StatusActive
MLS #12146913
Days on Market182
Taxes$2,963 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1924
Lot Size0.06 AC / 2,700 SF
CountyCook County

Building Information for 8509 South Ashland Avenue

Stories2Residences2Year Built1924Lot Size0.06 AC / 2,700 SF

Property Information for 8509 South Ashland Avenue

General Information
Location and General Information
  • Geographic Locale: Chicago South,Chicago Southwest
  • Information: 24-Hr Notice Required,Short Notice OK
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • Flooring: Wood
  • Heat/Ventilation: Gas
  • Misc Inside: Basement
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: New Construction
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 2700.0
  • Stories: 2
  • Fire Protection: Hydrants On Site
  • Building Area Total: 3100
  • # Of Offices: 1
  • # Of Stores: 2
  • Property Sub Type: Apts/Ofc/Store, Apts/Ofc, Apts/Stores
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
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: $150.00
  • Fuel Expense: $300.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $900.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $150.00
  • Water Sewer Expense: $200.00

Property History for 8509 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 8509 South Ashland Avenue

Taxable ValueLand$1,755Additions$10,245Total$12,000
Tax Record2022$2,901 ($242 / month)
Home Facts
Baths4.5Total Finished SqFt3,100 SqFtAbove Grade Finished SqFt3,100 SqFtStories2Lot Size2,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1927CountyCOOKAPN20-32-315-004

Schools near 8509 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.

Similar Homes

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8509 South Ashland Avenue is a mixed use property for sale in Chicago, IL 60620. This property was listed for sale on August 24, 2024 by @properties Christie's International Real Estate, it's currently listed at $275,000. It has been on the market for a total of 182 days and was last sold on July 19, 2021. 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. 8509 South Ashland Avenue is a 0-bed, 0-bath, mixed use property built in 1924.

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 @properties Christie's International 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 09/30/2024 01:49 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.