Mixed-Use Apartment Building with
For Sale
Contact for pricing
Pending
8000 S Ashland Ave, Chicago, IL 60620
22-unit building combines studio and 1-bed units with six retail units, plus recent mechanical, plumbing, and electrical updates.
Property Size14,540 SF
Days on Market321
Property Features for 8000 S Ashland Ave
General Information
Standard status
Pending
Size
14,540 SF
Property subtype
Multifamily
Additional Details
Cap Rate
11.45%
Highway Access
Yes
Multifamily Units
16
Building Details
Year Built
1927
Units
22
Listing Agency:
Kiser Group
Listed By:
Aaron Sklar · License #IL 475161507
(773) 293-5032
Source:
Crexi
Added: Oct 21, 2025
Changed: Aug 16
Last Checked: Aug 14 at 7:46AM
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 Kiser Group
Investment Insights
Based on property information with market context.
This mixed-use building includes 22 total units with a unit mix of eleven studios, five 1 bed/1 bath apartments, and six retail units. Interiors feature hardwood flooring and the property is described as meticulously maintained with favorable apartment layouts.
The building is located directly east of the Dan Ryan Woods and offers access to city park amenities on foot. It is also positioned a short drive from the Kennedy Expressway for convenient regional connectivity.
Recent capital improvements listed include a 2017 boiler installation with an R&D control system, a newer hot water tank installed in 2021, 100% copper plumbing, and updated 800 AMP electrical service. The property is being offered for sale as an income-producing asset.
The building is located directly east of the Dan Ryan Woods and offers access to city park amenities on foot. It is also positioned a short drive from the Kennedy Expressway for convenient regional connectivity.
Recent capital improvements listed include a 2017 boiler installation with an R&D control system, a newer hot water tank installed in 2021, 100% copper plumbing, and updated 800 AMP electrical service. The property is being offered for sale as an income-producing asset.
Key Highlights
- 22‑unit building at 8000 S. Ashland Ave with 11 studios, 5 1BD/1BA units, and 6 retail units
- Year built 1927 with hardwood flooring throughout the interior units
- Capex updates include 2017 boiler installation with R&D control system and a newer hot water tank (2021)
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
Explore this area
Business Placement
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - 22-unit building combines studio and 1-bed units with six retail units, plus recent mechanical, plumbing, and electrical updates.
Where is this apartment building located?
The property is located at 8000 S Ashland Ave Chicago, IL.
What are key features of this property?
This property features: 22‑unit building at 8000 S. Ashland Ave with 11 studios, 5 1BD/1BA units, and 6 retail units; Year built 1927 with hardwood flooring throughout the interior units; Capex updates include 2017 boiler installation with R&D control system and a newer hot water tank (2021)
