6848 S Ashland Ave - Flex FOR SALE


Chicago, IL 60636- West Englewood
$54,999 USD
312-982-6114
6848 S Ashland Ave, Chicago, IL for Sale
$54,999 USD
Flex - FOR SALE
1/18
null | Request Cap Rate

6848 S Ashland Ave
Chicago, IL 60636
West Englewood


HIGHLIGHTS

  • Value-Add Mixed-Use Opportunity
  • Prime Ashland Ave. Frontage
  • Commercial + Residential Income Potential
  • High Daily Traffic Counts
  • Ideal for Owner-User or Investor
  • Renovation Opportunity

OVERVIEW

Rare opportunity to acquire a mixed-use building on a high-visibility commercial corridor in Chicago. This property features approximately 2,500 SF of commercial storefront space on the first floor, previously occupied by an upscale salon complete with a private office and restroom, along with a spacious 1,800 SF three-bedroom, one-bath residential unit on the second floor. The property sustained fire damage from an electrical fire in the upper residential unit and is being sold AS-IS, presenting an excellent value-add opportunity for investors, developers, or owner-users seeking to renovate and customize the space. The commercial storefront offers an open layout suitable for a variety of retail, office, or service-based businesses, while the upper unit provides the potential for rental income or owner occupancy after rehabilitation. Additional features include rear parking for approximately 2–3 vehicles and excellent exposure along busy Ashland Avenue, offering strong visibility and traffic counts. Whether you're looking to reposition a mixed-use asset, establish your business while generating residential rental income, or add a redevelopment project to your portfolio, this property offers significant upside potential in a well-traveled Chicago location.

FOR SALE DETAILS

PRICE

$54,999 USD

PRICE/SF

$18 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

20-19-415-041-0000

ASK ABOUT THIS PROPERTY

Ty PearsonKeller Williams Preferred RealtyMore Info
312-982-6114

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Ty PearsonKeller Williams Preferred RealtyMore Info
312-982-6114

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