Chicago, IL 60636,6617 S Ashland AVE
Chicago, IL 60636,6617 S Ashland AVE
Chicago, IL 60636,6617 S Ashland AVE
Chicago, IL 60636,6617 S Ashland AVE
Chicago, IL 60636,6617 S Ashland AVE
Chicago, IL 60636,6617 S Ashland AVE
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$ 450,000
Est. payment | /mo

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$ 450,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12215075

Year Built 1914

Annual Tax Amount $10,360

Tax Year 2022

Lot Dimensions 0.26 AC

Property Sub-Type Mixed Use

Property 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.

Location

State IL

County Cook

Area Chi - West Englewood

Zoning COMMR

Interior

Cooling None

Fireplace N

Building

Dwelling Type Mixed Use

Midwest Real Estate Data (MRED) IDX
Listed by Tim Lorimer of  Compass 

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Lenart Elementary Regional Gifted Center

    Public | PK - 8

  • 6

    Owen Elementary Scholastic Academy

    Public | KG - 8

  • 6

    Columbia Explorers Elementary Academy

    Public | KG - 8

  • 6

    Northeast Elementary School

    Public | PK - 6

  • 6

    Chavez Multicultural Academic Center Elementary School

    Public | PK - 8

  • 6

    Providence-Englewood Elementary Charter

    Public | KG - 8

  • 5

    Tonti Elementary School

    Public | PK - 5

  • 5

    Sawyer Elementary School

    Public | KG - 8

  • 5

    Gunsaulus Elementary Scholastic Academy

    Public | PK - 8

  • 5

    Talman Elementary School

    Public | PK - 8

  • 5

    Carson Elementary School

    Public | PK - 8

  • 5

    Christopher Elementary School

    Public | KG - 8

  • 5

    Davis M Magnet Elementary School

    Public | KG - 8

  • 5

    Kershaw Elementary School

    Public | PK - 8

  • 5

    Hendricks Elementary Community Academy

    Public | PK - 8

  • 5

    Sherwood Elementary School

    Public | PK - 8

  • 5

    Beasley Elementary Magnet Academic Center

    Public | PK - 8

  • 4

    Hampton Fine and Performing Arts Elementary School

    Public | KG - 8

  • 4

    Eberhart Elementary School

    Public | KG - 8

  • 4

    Tarkington Elementary School

    Public | PK - 8

Middle Schools 2
  • 9

    Lindblom Math & Science Academy High School

    Public | 7 - 12

  • 0

    San Miguel-Back of the Yards

    Private | 6 - 8

High Schools 20
  • 9

    Back of the Yards International Baccalaureate High School

    Public | 9 - 9

  • 6

    Goode STEM Academy High School

    Public | 9 - 10

  • 5

    Richards Career Academy High School

    Public | 9 - 12

  • 5

    Simeon Career Academy High School

    Public | 9 - 12

  • 5

    Williams Medical Preparatory High School

    Public | 9 - 12

  • 4

    Urban Preparatory Charter Academy Englewood High School

    Public | 9 - 12

  • 3

    Bronzeville Scholastic High School

    Public | 9 - 12

  • 2

    Team Englewood Community Academy High School

    Public | 9 - 12

  • 1

    Kelly High School

    Public | 9 - 12

  • 1

    Gage Park High School

    Public | 9 - 12

  • 1

    Harper High School

    Public | 9 - 12

  • 1

    Tilden Career Community Academy High School

    Public | 9 - 12

  • 1

    Hope College Preparatory High School

    Public | 9 - 12

  • 1

    Robeson High School

    Public | 9 - 12

  • 1

    Ace Technical Charter High School

    Public | 9 - 12

  • 0

    Southside Occupational Academy High School

    Public | 12 - 12

  • 0

    Peace and Education Coalition High School

    Public | 10 - 12

  • 0

    Excel Academy - Englewood High School

    Public | 9 - 12

  • 0

    Leo Catholic High School

    Private | 9 - 12

  • 0

    Pnuema Institute

    Private | 9 - 12

School and business data provided by Attom Data.
Tony Ciancanelli

Helping buyers and sellers move with convidence 

+1(708) 670-6334

tony.ciancanelli@exprealty.com

1000 Essington Rd, Joliet, IL, 60435-2841, USA

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6617 S Ashland AVE