Mixed-Use Building with
For Sale
$99,900
Pending
8551 S Ashland Ave, Chicago, IL 60620
Framed main-level space is paired with a large second-floor apartment.
Property SizeContact for details
Days on Market113
Property Features for 8551 S Ashland Ave
General Information
Standard status
Pending
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1931
Buildings
1
Listing Agency:
RE/MAX Premier
(708) 246-6300
Listed By:
Ryan Smith (708) 246-6300 · License #475150650
Source:
Illianahomesource
Added: May 8
Changed: Aug 27
Last Checked: Aug 27 at 11:58PM
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 RE/MAX Premier
Investment Insights
Based on property information with market context.
Built in 1931, this mixed-use building offers over 2,500 square feet across a main level and second floor. The main level has been framed out for office or shop use, while the upper level is currently configured as one large apartment. Completed improvements include electrical work and the roof.
The property is located at 8551 S Ashland Ave in Chicago’s Auburn Gresham community. The second-floor layout previously operated as three apartments, providing a documented configuration option for future reworking. The existing arrangement combines commercial space below with residential space above.
The property is located at 8551 S Ashland Ave in Chicago’s Auburn Gresham community. The second-floor layout previously operated as three apartments, providing a documented configuration option for future reworking. The existing arrangement combines commercial space below with residential space above.
Key Highlights
- Over 2500 sq feet in a mixed‑use building
- Main level has been framed out for office or shop use
- Large second‑floor apartment in the current layout
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
817
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 Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Framed main-level space is paired with a large second-floor apartment.
Where is this mixed-use property located?
The property is located at 8551 S Ashland Ave Chicago, IL.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Over 2500 sq feet in a mixed‑use building; Main level has been framed out for office or shop use; Large second‑floor apartment in the current layout
