6617 S Ashland Avenue, Chicago, IL 60636

This two-story mixed-use building includes ten residential units and four commercial units. The residential mix is four 1-bedroom units and six 2-bedroom units, each with one bathroom. The property features a gated courtyard design intended to create an insulated, resident-focused environment. The commercial spaces are described as open, airy, and offering flexible layouts suitable for a range of business concepts.

Located in Chicago at 6617 S Ashland Avenue, the four commercial units benefit from visibility and access to Ashland Avenue. The building is positioned within zoning identified as COMMR, and the listing notes the property is located in an Opportunity Zone.

The asset is being readied for completion following significant work already completed. The property has been fully demo’d, a new full tear-off roof has been installed, most masonry work is completed, and the structure is fully framed out and ready for MEP. The listing states that approved plans are in place with city approvals, and permits are imminent. With the projected NOI noted as almost $200k/yr upon completion, this structure may appeal to buyers looking to finalize a mixed-use redevelopment and stabilize both residential and commercial income streams, with commercial tenancy described as well-suited for smaller retail or service uses.