8244-8248 S Ashland Avenue
Chicago, IL, 60620
$1,250,000
Beds
0 Baths
17,890 SqFt
0 Acres
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$1,250,000
8244-8248 S Ashland Avenue
Chicago, IL, 60620
MLS #MRD12273369 img 0
Turnkey Investment Opportunity – Fully Rented Mixed-Use Building at 8244-8248 S Ashland Ave! Step into the world of effortless income generation with this meticulously maintained mixed-use property in the heart of Chicago’s bustling Auburn Gresham neighborhood. Perfectly situated with excellent visibility and foot traffic, this cash-generating gem is fully rented and ready for its next visionary owner. Features: 8 spacious 1-bedroom apartments and 4 comfortable 2-bedroom apartments, all fully occupied by long-term tenants. 3 commercial spaces, including a thriving dental practice, anchoring the building with steady, reliable income. Strategically located on high-traffic Ashland Ave, ensuring visibility and accessibility for businesses and residents alike. Owners are ready to pass the torch, presenting a rare opportunity for investors seeking a stable, income-producing asset. This property has it all: location, stability, and cash flow! Whether you’re an experienced investor or just breaking into the market, this is a portfolio-worthy addition that delivers immediate returns. Don’t miss out-schedule your showing today and secure your place in Chicago’s growing real estate market

Property Details

Price:
$1,250,000
MLS #:
MRD12273369
Status:
Active
Beds:
0
Baths:
0
Address:
8244-8248 S Ashland Avenue
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – Auburn Gresham
City:
Chicago
Listed Date:
Feb 21, 2025
State:
IL
Finished Sq Ft:
17,890
Total Sq Ft:
17,890
ZIP:
60620
Year Built:
1963

Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$125,600
Tax Year
2023
Taxes
$22,718
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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8244-8248 S Ashland Avenue
Chicago, IL