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    5124 S Ashland Ave Chicago, IL 60609

    Under Contract
    For Sale
    $235,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    3,360 SF
    Days on Market:
    78
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 5124 S Ashland Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    20074070280000
    Size
    3,360 SF

    Building Details

    Year built
    1890
    Number of units
    4
    Flooring type
    Carpet, Concrete, Vinyl
    Architectural style
    Other

    Century 21 Pro-Team (708) 398-6400 [email protected]

    Listing agent Andrew Domas (815) 730-1199 License #475135948

    Listing date Sep 27, 2025

    MLS# 12195381 Listing URL

    Copyright © 2025 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

    Chicago Mixed-Use Property For Sale

    This mixed-use property in Chicago, Illinois, features a storefront unit and three residential units. The residential component includes one 2-bedroom, 1-bath unit, and one 3-bedroom, 1-bath unit, and an additional 2-bedroom, 1-bath unit. A two-car garage is included. The property is sold in as-is condition. The building has a total size of 3360 square feet. The zoning is MULTI.
    Property Profile Location Intelligence

    Current Use by Public Records

    ML IMPORTS, LLC Importer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.669986
    Latitude
    41.9751256

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring a storefront and residential units in Chicago.
    Where is this mixed-use property located?
    The property is located at 5124 S Ashland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Four Units: Includes a storefront and three residential units (two 2-bedroom/1-bath and one 3-bedroom/1-bath).; - Benefit from a Two-Car Garage.; - Potential for high rental income (Cash Cow).
    (815) 730-1199
    Request Owner's contact information
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    Chicago, IL 60609
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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
    5124 S Ashland Ave Chicago, IL 60609
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