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3-Unit Mixed-Use Building
For Sale
$525,000

4606 South Ashland Avenue, Chicago, IL 60609

Three-unit property combines ground-floor commercial space with two residential apartments and a roof patio.

Property Size4,875 SF
Price / SF$107.69
Days on Market165

Property Features for 4606 South Ashland Avenue

General Information

Standard status Active
Size 4,875 SF
Zoning COMMR

Site & Location

Traffic Count 20,100 vehicles/day
Road Access Yes
Utilities to Site Yes

Units

Unit Mix 1 x 2BR/2BA, 1 x Studio
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,840

Amenities

roof deck

Building Details

Year Built 1911
Buildings 1
Stories 2
Construction blonde brick
Listing Agency: Keller Williams Preferred Realty
Listed By: Anthony Lucio · License #475165960
Source: Compass
Added: Mar 20 Changed: Aug 30 Last Checked: Aug 31 at 12:47AM

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 1911, this three-unit mixed-use building includes a 2,000-square-foot commercial space on the first floor, a second-floor two-bedroom, two-bath apartment, and a studio apartment with access to an outdoor roof patio. The property totals 4,875 square feet and carries COMMR zoning.

Recent improvements include a new roof, modern exposed brick, a walk-out roof deck, upgraded 1.5-inch copper water service, new cast iron and copper plumbing, 200-amp electrical service, separate meters and panels, new gas lines and meters, a replacement staircase, and fireproof steel doors. The building is located at 4606 South Ashland Avenue in Chicago, four doors from a proposed new library and within the United Yards project area. Ashland Avenue has a reported daily traffic count of 20,100.

Key Highlights

  • 4,875‑square‑foot mixed‑use building with 3 units
  • 2,000‑square‑foot first‑floor commercial space
  • Residential mix includes a 2BR/2BA apartment and a studio apartment

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic HVAC Service Cafe & Coffee Shop Acupuncture

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

2
Residential units
20,100 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,058
Businesses Nearby
194k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 44% Shops & Services 35% Groceries 14% Apparel 5%
McDonald's Dining
31,643 visits/mo 0.5 miles
McDonald's Dining
29,351 visits/mo 0.2 miles
Aldi Groceries
27,298 visits/mo 0.2 miles
Bank of America Shops & Services
15,073 visits/mo 0.4 miles
BP Shops & Services
15,025 visits/mo 0.1 miles

Demographics for 60609, IL

65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
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 - Three-unit property combines ground-floor commercial space with two residential apartments and a roof patio.
Where is this mixed-use property located?
The property is located at 4606 South Ashland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 4,875‑square‑foot mixed‑use building with 3 units; 2,000‑square‑foot first‑floor commercial space; Residential mix includes a 2BR/2BA apartment and a studio apartment
More about this property
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