6617 S Ashland Avenue, Chicago, IL 60636

Building Details

Year built

1914

Floors in Building

2

Number of units

14

Listing agent Tim Lorimer License #475.175866

Listing office Compass 55 E ERIE ST STE 1C, IL Show Phone

Listing date Nov 21, 2024

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MLS# 12215075

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.

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Overview

This mixed-use building is located in an Opportunity Zone and features a gated courtyard design. The property includes ten residential units, consisting of four 1-bedroom units and six 2-bedroom units, each with 1 bathroom. The residential units are described as being of great size with big windows and lots of natural light. Additionally, there are four commercial units with visibility and access to Ashland Ave, suitable for entrepreneurs. These spaces are open, airy, and offer flexible layouts. The two-story building is convenient for all tenant types. The property has been fully demo'd, a new full tear-off roof has been installed, most masonry work is completed and is fully framed out and ready for MEP. Plans have been approved with the city and permits are imminent. The commercial units are suitable for NNN tenants such as a quick-serve restaurant, barber shop, nail salon, or tax/insurance shop. The property has a projected NOI of almost $200k/yr upon completion.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6636724

Latitude

41.7733731

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FAQs

What type of property is this?

Mixed-use property - Mixed-use building with residential and commercial units in Chicago.

Where is this mixed-use property located?

The property is located at 6617 S Ashland Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Projected NOI of almost $200k/yr upon completion.; Located in an Opportunity Zone.; Ten residential units (four 1‑bedroom, six 2‑bedroom) and four commercial units.