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Two-Story Mixed-Use Building
For Sale
$450,000

6617 S Ashland Avenue, Chicago, IL 60636

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.26 Acres
Days on Market59

Property Features for 6617 S Ashland Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions West on Marquette Rd to Ashland. North to property.
Subdivision CHI - West Englewood
Standard status Active
APN 20201160050000
Lot size 0.26 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 33893

Amenities

gated courtyard

Building Details

Year built 1914
Floors in Building 2
Number of units 14
Listing Agency: Compass
Listed By: Tim Lorimer · License #475175866
Added: Jun 23 Changed: Aug 20 Last Checked: Aug 20 at 2:06PM
MLS# 12685865

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.

Investment Insights

Based on property information with market context.

This two-story mixed-use property, built in 1914, includes 10 residential units and four commercial units across a 0.26-acre parcel. The residential component comprises four one-bedroom apartments and six two-bedroom apartments, each with one bathroom. A gated courtyard serves as a central exterior feature, while the commercial spaces have access and exposure along Ashland Ave.

The building has undergone substantial preparation for completion. Interior demolition is finished, a full tear-off roof has been installed, most masonry work is complete, and the structure is framed for mechanical, electrical, and plumbing installation. Approved city plans are in place, with permits described as imminent. The property is zoned COMMR.

Key Highlights

  • 10 residential units: four one‑bedroom and six two‑bedroom apartments, each with one bathroom
  • Four commercial units with access and visibility along Ashland Ave
  • Gated courtyard provides a defined exterior area within the property

Property Analytics

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
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Partially rehabilitated property combines residential units with commercial space and a gated courtyard setting.
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: 10 residential units: four one‑bedroom and six two‑bedroom apartments, each with one bathroom; Four commercial units with access and visibility along Ashland Ave; Gated courtyard provides a defined exterior area within the property
More about this property
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