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Mixed-Use Building with Storefront
New
For Sale
$54,999

6848 S Ashland Ave, Chicago, IL 60636

Two-level property combines commercial space with an upper residential unit and rear vehicle parking.

Property Size3,000 SF
Price / SF$18.33
Days on Market3

Property Features for 6848 S Ashland Ave

General Information

Standard status Active
Size 3,000 SF
Total Parking Spaces 3

Property Condition

Severity Repairs Needed
Evidence fire damage from an electrical fire in the upper residential unit

Additional Details

Floor 1
Office Units 1

Building Details

Year Built 1906
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Keller Williams Preferred Realty
Listed By: Tysheka Pearson
Source: Liveliferealty
Added: Sep 5 Last Checked: Sep 7 at 12:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Preferred Realty

Investment Insights

Based on property information with market context.

Built in 1906, this mixed-use property includes approximately 3,000 SF of first-floor commercial storefront space and an 1,800 SF residential unit on the second floor. The commercial area has an open configuration with a private office and restroom and was previously occupied by a salon. The upper residence contains three bedrooms and one bathroom.

The residential portion sustained fire damage from an electrical fire, and the property is being offered AS-IS. Rear parking accommodates approximately 2-3 vehicles. The building fronts Ashland Avenue in Chicago, providing exposure along a busy commercial corridor.

Key Highlights

  • Approximately 3,000 SF of first‑floor commercial storefront space
  • 1,800 SF second‑floor residential unit with 3 bedrooms and 1 bathroom
  • Electrical fire damage in the upper residential unit; offered AS‑IS

Property Analytics

Current Use

Ooh! LaLa Styles Hair Salon Island Extensions Clothing & Fashion Store Rena Food Market Grocery & Convenience Store Shop 4 Le$$ Department Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Skin Care Clinic Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

558
Businesses Nearby
54k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 86% Shops & Services 14%
Food 4 Less Groceries
46,324 visits/mo 0.3 miles
BP Shops & Services
7,702 visits/mo 0.4 miles

Demographics for 60636, IL

34,800
Population
14,363
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
78%
High-School Grad
3.9 sq mi
ZIP Area
8,923
Density / Sq Mi
$35,077
Median Household Income
$30,411
Median Earnings
$1,135
Median Rent
$150,600
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines commercial space with an upper residential unit and rear vehicle parking.
Where is this mixed-use property located?
The property is located at 6848 S Ashland Ave Chicago, IL.
What is the asking price?
The asking price for this property is $54,999.
What are key features of this property?
This property features: Approximately 3,000 SF of first‑floor commercial storefront space; 1,800 SF second‑floor residential unit with 3 bedrooms and 1 bathroom; Electrical fire damage in the upper residential unit; offered AS‑IS
More about this property
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