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    5535 S Ashland Ave Chicago, IL 60636

    Picture of Commercial land at S Ashland Ave 5535, Chicago, IL
    For Sale
    $70,000

    Land - Chicago, IL

    Days on Market:
    84
    Last Refresh:
    Dec 9 at 6:06 am

    Property Features for 5535 S Ashland Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    20171000090000

    Building Details

    Architectural style
    Other

    Charles Rutenberg Realty (630) 929-1100 [email protected]

    Listing agent Anna Chacon (630) 929-1100 License #475183966

    Listing date Sep 17, 2025

    MLS# 12474373 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

    Ashland Avenue Development Opportunity

    This site, located on Ashland Avenue, consists of two contiguous parcels at 5535 S Ashland Ave. The property measures 50x114.2 ft and is zoned B3-2, presenting potential for mixed-use development. The location is suitable for retail, restaurant, office, or residential units above. The property benefits from high visibility and steady vehicle and foot traffic. It also features access to public transportation and major thoroughfares. This location is positioned in a rapidly evolving South Side corridor, making it suitable for developers or investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.6641668
    Latitude
    41.7926254

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    FAQs

    What type of property is this?
    Commercial land - Two contiguous parcels on Ashland Ave, ideal for mixed-use development.
    Where is this commercial land located?
    The property is located at 5535 S Ashland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: - Prime B3-2 zoning allows for mixed-use development, opening doors to retail, restaurant, office, or residential projects.; - High visibility location on bustling Ashland Ave ensures steady vehicle and foot traffic.; - Two contiguous parcels totaling 50x114.2 ft at 5535 S Ashland Ave.
    (630) 929-1100
    Request Owner's contact information
    5535 S Ashland Ave Chicago, IL 60636
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    Chicago, IL 60636
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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
    5535 S Ashland Ave Chicago, IL 60636
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