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0 Beds

$399,900

6617 S Ashland Avenue, Chicago IL, 60636

Price per sqftN/A
Built in1914
Property typeOther
Listed by Tim Lorimer with Compass 312-206-3787

Overview

Active

Price Change

Listed Jun 23, 2026

Updated 7h ago

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.

$2,661/mo

Est. mortgage payment based on a $399,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12685865

Interior Features

Bedrooms
0
Basement
No

Exterior Features

Lot Size
0.26 Acres

Other Property Details

Taxes
$33,893
Tax Frequency
Annually
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Listed by Tim Lorimer with Compass 312-206-3787

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