2024 S Ashland Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60608- Lower West Side
$575,000 USD
630-640-1001
2024 S Ashland Ave, Chicago, IL for Sale
$575,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

2024 S Ashland Ave
Chicago, IL 60608
Lower West Side


HIGHLIGHTS

  • Prime Lighted Corner
  • Large Outdoor Deck
  • Full Basement
  • 2 Car Garage
  • Large Floor Plans
  • Additional Income from Signage

OVERVIEW

This large corner brick three-unit mixed-use building sits prominently at the lighted intersection of Ashland Avenue and 21st Street, offering a prime retail space that has remained consistently leased thanks to its unbeatable visibility and high-traffic location. The property includes a full basement and exterior signage with excellent exposure at the stoplight, presenting the potential for additional advertising income. Longtime ownership and first-time availability since the early 1960s make this a rare opportunity to acquire a well-positioned asset in an established neighborhood. The two residential apartments above the retail storefront offer spacious layouts filled with natural light and feature large floor plans, providing immediate rental income with the option to further maximize returns through updates and modern finishes. Residents can enjoy a generous outdoor deck ideal for entertaining, along with the convenience of a two-car garage in the rear for extra income potential. With strong fundamentals, untapped upside, and a proven rental history, this property is an excellent investment for both owner-occupiers and value-add investors alike.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1891

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

W 21st St.

LAND ACRES

0.08 AC

LAND SF

3,456 SF

ZONING

C1-2

APN/PARCEL ID

17-19-421-042-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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