Chicago, IL 60620,8244-8248 S Ashland AVE

$1,110,000

$1,250,000

11.2%
Est.Price: ?

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Est. payment /mo

17,890 SqFt


SOLD DATE : 07/22/2025

Key Details

Sold Price $1,110,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 17,890 sqft

Price per Sqft $62

MLS Listing ID 12273369

Sold Date 07/22/25

Year Built 1963

Annual Tax Amount $22,718

Tax Year 2023

Lot Dimensions 117X60

Property Sub-Type Mixed Use

Property Description

Turnkey Investment Opportunity - Fully Rented Mixed-Use Building at 8244-8248 S Ashland Ave! Step into the world of effortless income generation with this meticulously maintained mixed-use property in the heart of Chicago's bustling Auburn Gresham neighborhood. Perfectly situated with excellent visibility and foot traffic, this cash-generating gem is fully rented and ready for its next visionary owner. Features: 8 spacious 1-bedroom apartments and 4 comfortable 2-bedroom apartments, all fully occupied by long-term tenants. 3 commercial spaces, including a thriving dental practice, anchoring the building with steady, reliable income. Strategically located on high-traffic Ashland Ave, ensuring visibility and accessibility for businesses and residents alike. Owners are ready to pass the torch, presenting a rare opportunity for investors seeking a stable, income-producing asset. This property has it all: location, stability, and cash flow! Whether you're an experienced investor or just breaking into the market, this is a portfolio-worthy addition that delivers immediate returns. Don't miss out-schedule your showing today and secure your place in Chicago's growing real estate market

Location

State IL

County Cook

Area Chi - Auburn Gresham

Zoning COMMR

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected

Building

Water Municipal Water

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by DeMarcus Hunter • Coldwell Banker Realty
Bought with Sergio Monjane • Coldwell Banker Realty

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DeMarcus Hunter
DeMarcus Hunter

Founder & Managing Partner | Lic# 475.197505

+1(773) 531-6163

1643 N Milwaukee Ave, Chicago, IL, 60647

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