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    4627 S Ashland Ave Chicago, IL 60609

    Sponsored
    For Sale
    $275,900

    COMMERCIAL - Chicago, IL

    Lot size:
    0.06 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 4627 S Ashland Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20053070080000
    Lot size
    0.06 Acres

    Building Details

    Year built
    1921
    Floors in Building
    2
    Number of units
    2

    RE/MAX MI CASA (773) 767-1616 [email protected]

    Listing agent Jenny Caviedes (773) 343-8224

    Listing date Jan 2, 2026

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Chicago

    This well-maintained mixed-use building presents an investment opportunity in the upcoming New City neighborhood of Chicago. The property features a large storefront suitable for establishing a business or renting out, complete with an extra room for an office, a half bathroom, and a full basement. Additionally, there is an apartment on the second floor, which includes a formal living room and dining room, three bedrooms, a kitchen, a family room, and a bathroom. The property is being sold as is and is located at 4627 S Ashland Avenue, Chicago, IL 60609, in Cook County. The lot size is 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6646321
    Latitude
    41.8096325

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with storefront and apartment in upcoming New City.
    Where is this mixed-use property located?
    The property is located at 4627 S Ashland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $275,900.
    What are key features of this property?
    This property features: - Mixed-use building with storefront and residential apartment.; - Storefront suitable for owner-occupancy or rental income.; - Second-floor apartment featuring 3 bedrooms, living room, dining room, kitchen, family room and bathroom.
    (773) 343-8224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4627 S Ashland Ave Chicago, IL 60609
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