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    5746 S Ashland Ave Chicago, IL 60622

    For Sale
    $599,000

    Two-story brick building with large fenced lot for sale.

    Property size:
    7,100 SF
    Lot size:
    0.53 Acres

    Property Features for 5746 S Ashland Ave

    General Information

    Size
    7,100 SF
    Lot size
    0.53 Acres

    Source: Strauss Realty, Ltd. Agent David Kaplan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Side Retail Opportunity

    This property features a two-story brick building situated on a large, fenced lot. The 7,100-square-foot commercial space is located on Chicago's South Side, offering growth opportunities due to state funding and economic incentives, including TIF District, Enterprise Zone, and Empowerment Zone benefits. The location is two blocks from Garfield Boulevard and near train lines and expressways (I-90/94 and I-55), strip malls, and schools. The property is suitable for commercial retail purposes, such as a daycare, or for multi-unit development.
    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 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
    -87.6646885
    Latitude
    41.7890267

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    FAQs

    What type of property is this?
    Storefront property - Two-story brick building with large fenced lot for sale.
    Where is this storefront property located?
    The property is located at 5746 S Ashland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Large fenced lot suitable for commercial retail (e.g., daycare) or multi-unit development.; - Located in a Chicago South Side growth area with state funding and economic incentives (TIF District, Enterprise Zone, Empowerment Zone).; - 7,100 SF commercial building included.
    (773) 736-3600
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    5746 S Ashland Ave Chicago, IL 60622
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    Chicago, IL 60622
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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
    5746 S Ashland Ave Chicago, IL 60622
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