6617 S Ashland Avenue
Chicago, IL, 60636
$450,000
Beds
0 Baths
0 SqFt
0 Acres
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$450,000
6617 S Ashland Avenue
Chicago, IL, 60636
MLS #MRD12215075 image #0MLS #MRD12215075 image #1MLS #MRD12215075 image #2MLS #MRD12215075 image #3MLS #MRD12215075 image #4MLS #MRD12215075 image #5MLS #MRD12215075 image #6MLS #MRD12215075 image #7MLS #MRD12215075 image #8
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.

Property Details

Price:
$450,000
MLS #:
MRD12215075
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – West Englewood
Listed Date:
Nov 21, 2024
Year Built:
1914
Chi – West EnglewoodChi – West Englewood

Schools

Interior

Cooling
None

Exterior

Financial

Tax Year
2022
Taxes
$10,360
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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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Current real estate data for Commercial in Chicago as of Sep 17, 2025
1,096
Commercial Listed
165
Avg DOM
154
Avg $ / SqFt
$1,023,588
Avg List Price

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Property Summary

    6617 S Ashland Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60636. It is listed for $450,000 To schedule a showing of MLS#mrd12215075 at 6617 S Ashland Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
6617 S Ashland Avenue
Chicago, IL