$450,000
( )
 $2,416 est/mo Sourced by Back At You

6617 S Ashland Avenue , Chicago, IL 60636

Chicago, IL 60636

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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 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.

Details

MLS#12215075
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1914
Days On Site80
Listing Provided ByCompass | Tim Lorimer

Features

Story(s)2
Units14
ZoningCOMMR

Market Activity 60636

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Listings Checked: 8 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60636
AreaCHI West Englewood
Listing VS Median (in 60636)
Price:
$450,000
low | high
Med:
$185,000
100% of Average
On Site:
80
low | high
Med:
421.000000
19.002375296912% of Average
Sourced by Back At You
Listing Updated: December 12, 2024 at 9:54:23 PM PST