1714 S Ashland Avenue
Chicago, IL, 60608
$1,190,000
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0 Baths
0 SqFt
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$1,190,000
1714 S Ashland Avenue
Chicago, IL, 60608
MLS #MRD12302433 img 0MLS #MRD12302433 img 1MLS #MRD12302433 img 2MLS #MRD12302433 img 3MLS #MRD12302433 img 4MLS #MRD12302433 img 5MLS #MRD12302433 img 6MLS #MRD12302433 img 7MLS #MRD12302433 img 8MLS #MRD12302433 img 9MLS #MRD12302433 img 10MLS #MRD12302433 img 11MLS #MRD12302433 img 12MLS #MRD12302433 img 13MLS #MRD12302433 img 14MLS #MRD12302433 img 15MLS #MRD12302433 img 16MLS #MRD12302433 img 17MLS #MRD12302433 img 18MLS #MRD12302433 img 19MLS #MRD12302433 img 20MLS #MRD12302433 img 21MLS #MRD12302433 img 22MLS #MRD12302433 img 23
* Prime Commercial Property in the vibrant Pilsen community. * This property consists of four generous size residential Artist Space presently but, the first floor expansive 3100 SQ feet space with floor to ceiling window facing Ashland Avenue with contiguous floor leading to Marshfield Avenue’s loading dock, is a unique feature of this property with approximately same size basement loft at the intersection that boasts an Average Daily Traffic (ADT) count of nearly 36,000 vehicles-a major advantage for any local business. * Enhanced Logistics & Deliveries. * Proximity to Major Landmarks & Employers * Just minutes from Chicago’s Medical District, the University of Illinois at Chicago (UIC), FBI Headquarters, Rush University Medical Center, the National Museum of Mexican Art, and Thalia Hall-a historic live music venue that draws both locals and visitors with top-tier performances. * Strong Investment Opportunity * Offering a double-digit CAP rate, driven by steady cash flow and significant appreciation potential. * Unmatched Accessibility * A commuter’s delight, located at the intersection of 18th St. And Ashland Ave., with bus stops within walking distance and the Pink Line train station just a short walk away. * High Foot & Vehicle Traffic * This highly accessible location ensures consistent foot traffic and remarkable commuter convenience. With a powerful zoning: C1-2 * Investors will appreciate the versatile commercial use, accommodating tenants such as: national retailers * Coffee shops, restaurants, salons. * Artist live/work spaces * Universities, daycare centers, veterinary clinics * Urban farming, banquet halls, insurance agencies * Banks, financial services, bed & breakfasts, vacation rentals * Medical offices, data storage, auto supply stores * Motorcycle/boat sales, artisan industrial businesses * Laundromats/dry cleaning services * Wholesale operations, freight & warehousing * Wireless communication facilities and more! * Additionally, apartments are permitted above the ground floor, with over 5, 000 square feet of divisible residential space currently in use. * Strategic Location & Convenience * Costco is just two minutes away * Super easy access to I-290, I-55, and I-90/94 * Immediate convenience, cashflow, & long-term value * Invest in a strong, thriving community with a bright future. Motivated seller, aggressive price reduction.

Property Details

Price:
$1,190,000
MLS #:
MRD12302433
Status:
Active
Beds:
0
Baths:
0
Address:
1714 S Ashland Avenue
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – Lower West Side
City:
Chicago
Listed Date:
Mar 3, 2025
State:
IL
ZIP:
60608
Year Built:
1886

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Financial

Net Operating Income
$25,000
Tax Year
2022
Taxes
$4,715
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1714 S Ashland Avenue
Chicago, IL