$260,000
8509 S Ashland Avenue
Chicago, IL, 60620
Discover the potential of this exceptional mixed-use building, perfect for launching your business! The first floor offers ample space ideal for various uses and was previously utilized as a chiropractic practice. Upstairs, a spacious 3-bedroom apartment provides an excellent opportunity for additional rental income. The property also features a convenient two-car brick garage and new concrete in the rear. Recent updates include new plumbing, electrical systems, and a hot water tank. With a total of 3,100 sq. ft., this versatile property is ready for your next great venture. Don’t miss out on the chance to make it your own! Rental income estimate: * Commercial: $3,375/month * Residential: $1,500/month * Total Monthly Rent: $3,375 + $1,500 = $4,875 * Total Annual Rent: $4,875 * 12 = $58,500
Property Details
Price:
$260,000
MLS #:
MRD12146913
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
8509 S Ashland Avenue
Type:
Commercial
Neighborhood:
CHI – Auburn Gresham
City:
Chicago
Listed Date:
Aug 24, 2024
State:
IL
Finished Sq Ft:
3,100
Total Sq Ft:
3,100
ZIP:
60620
Year Built:
1924
Schools
Interior
Cooling
None
Flooring
Wood
Exterior
Financial
Tax Year
2023
Taxes
$2,963
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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