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Mixed-Use Building with Courtyard
For Sale
$399,900

6617 S Ashland Avenue, Chicago, IL 60636

Two-story property combines residential apartments and commercial suites around a gated courtyard.

Property SizeContact for details
Days on Market124

Property Features for 6617 S Ashland Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning COMMR

Site & Location

Neighborhood West Englewood
Road Access Yes
Mixed-Use Components residential, commercial

Units

Unit Mix 4 x 1BR/1BA, 6 x 2BR/1BA
Multifamily Units 10

Additional Details

Opportunity Zone Yes

Taxes and HOA fees

Annual Taxes $33,893

Amenities

gated courtyard

Building Details

Year Built 1914
Buildings 1
Stories 2
Units 14
Tenancy Multi
Listing Agency: Compass
Listed By: Tim Lorimer · License #475175866
Source: Fishmangroup
Added: Jun 23 Changed: Oct 23 Last Checked: Oct 23 at 4:13PM

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 Compass

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Investment Insights

Based on property information with market context.

This two-story mixed-use property has 10 residential apartments and four commercial units arranged around a gated courtyard. The apartment mix includes four one-bedroom units and six two-bedroom units, each with one bathroom. Commercial spaces have open layouts, and the property provides access to Ashland Avenue. Zoning is COMMR, and the building dates to 1914.

The building has been fully cleared for rehabilitation. A new full tear-off roof is in place, most masonry work is complete, and the structure is framed and ready for mechanical, electrical, and plumbing work. Plans have received city approval.

Key Highlights

  • 14 total units: 10 apartments and 4 commercial spaces
  • Residential mix includes four 1‑bedroom and six 2‑bedroom apartments, each with 1 bathroom
  • Gated courtyard serves the two‑story mixed‑use property

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center 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

10
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

735
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story property combines residential apartments and commercial suites around a gated courtyard.
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 $399,900.
What are key features of this property?
This property features: 14 total units: 10 apartments and 4 commercial spaces; Residential mix includes four 1‑bedroom and six 2‑bedroom apartments, each with 1 bathroom; Gated courtyard serves the two‑story mixed‑use property
More about this property
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