1725 S Ashland Ave - Apartments FOR SALE


Chicago, IL 60608- Pilsen
$2,225,000 USD
773-617-7629
1725 S Ashland Ave, Chicago, IL for Sale
$2,225,000 USD
Apartments - FOR SALE
1/3
null | 5.25% Cap Rate

1725 S Ashland Ave
Chicago, IL 60608
Pilsen


HIGHLIGHTS

  • Corner presence with strong Ashland Avenue visibility
  • Diversified income from residential and retail tenancy
  • National and neighborhood-serving commercial tenants
  • Located in Chicago’s culturally rich Pilsen neighborhood
  • Transit-accessible location near CTA Pink Line and I-90

OVERVIEW

Positioned at a highly visible corner along South Ashland Avenue in the heart of Chicago’s vibrant Pilsen neighborhood, 1725 South Ashland Avenue presents a compelling mixed-use investment anchored by durable income and long-term upside. The property blends well-maintained residential units with established street-level commercial tenants, creating a balanced revenue profile that appeals to both traditional and value-add investors. The retail component benefits from excellent frontage and pedestrian exposure, with a tenant mix that includes a popular neighborhood restaurant, a nationally recognized wireless retailer, and a professional services office. These uses contribute consistent foot traffic while reinforcing the property’s role as a daily-use destination within the community. Residential units above are thoughtfully laid out, well maintained, and historically occupied, supporting dependable in-place income with additional upside through future rental growth and lease-up of vacant units. Located minutes from the Chicago Loop, the asset is embedded within one of the city’s most culturally rich and visually dynamic neighborhoods. Pilsen is known for its dense population base, strong neighborhood identity, and accessibility via CTA rail, major bus corridors, and nearby expressways. The surrounding area features a mix of residential density, local retail, and cultural landmarks, making it attractive to both tenants and long-term ownership. This offering represents a rare opportunity to acquire a corner mixed-use asset in an established urban submarket, combining immediate cash flow with future value enhancement potential in one of Chicago’s most resilient neighborhoods.

FOR SALE DETAILS

PRICE

$2,225,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

12

PRICE/UNIT

$185,417

CAP RATE

5.25%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B3-2

APN/PARCEL ID

17-20-302-044-0000

ASK ABOUT THIS PROPERTY

Kiki RessBHHSCHICAGOMore Info
773-617-7629

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Kiki RessBHHSCHICAGOMore Info
773-617-7629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.