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OFF-MARKET
Specialty properties

5124 Ashland Ave Chicago, IL 60609

Property ID
Property summary
AI-generated overview

This exceptional 2,700 square foot commercial lot, located at 5124 S Ashland Avenue in Chicago, Illinois, presents a unique investment opportunity. Zoned for commercial use, this property offers significant potential for redevelopment or expansion. The asking price is $229,900. The property is being sold "as-is/where-is." The lot's size provides ample space for various commercial ventures. The property's address is within Cook County, Illinois, and its zip code is 60609. While the current structure includes four units – a storefront and three residential units (one 2-bedroom/1-bath unit on the first floor, and two 2-bedroom/1-bath units on the second floor) – along with a two-car garage, the property's potential extends beyond its current configuration. The existing units could generate rental income, making this a potentially lucrative investment. The property's location in Chicago offers excellent access to transportation and a diverse customer base. Serious inquiries are encouraged to explore the possibilities this prime commercial lot offers. This is a chance to acquire a valuable piece of Chicago real estate with significant upside potential. The property is classified as Special Purpose Land. Buyers are responsible for conducting their own due diligence.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ML IMPORTS, LLC Importer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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