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8244-8248 S Ashland Avenue

Chicago, IL 60620
  • $1,250,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 12273369
UPDATED: 71 min ago
$1,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1963
County:
Area:

School Ratings & Info

Description

Turnkey Investment Opportunity - Fully Rented Mixed-Use Building at 8244-8248 S Ashland Ave! Step into the world of effortless income generation with this meticulously maintained mixed-use property in the heart of Chicago's bustling Auburn Gresham neighborhood. Perfectly situated with excellent visibility and foot traffic, this cash-generating gem is fully rented and ready for its next visionary owner. Features: 8 spacious 1-bedroom apartments and 4 comfortable 2-bedroom apartments, all fully occupied by long-term tenants. 3 commercial spaces, including a thriving dental practice, anchoring the building with steady, reliable income. Strategically located on high-traffic Ashland Ave, ensuring visibility and accessibility for businesses and residents alike. Owners are ready to pass the torch, presenting a rare opportunity for investors seeking a stable, income-producing asset. This property has it all: location, stability, and cash flow! Whether you're an experienced investor or just breaking into the market, this is a portfolio-worthy addition that delivers immediate returns. Don't miss out-schedule your showing today and secure your place in Chicago's growing real estate market

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2025-03-21T12:10:19.687 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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8244-8248 S Ashland Avenue Chicago, IL 60620

  • Price: $1,250,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 71 min ago
  • MLS #: 12273369
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1963
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Turnkey Investment Opportunity - Fully Rented Mixed-Use Building at 8244-8248 S Ashland Ave! Step into the world of effortless income generation with this meticulously maintained mixed-use property in the heart of Chicago's bustling Auburn Gresham neighborhood. Perfectly situated with excellent visibility and foot traffic, this cash-generating gem is fully rented and ready for its next visionary owner. Features: 8 spacious 1-bedroom apartments and 4 comfortable 2-bedroom apartments, all fully occupied by long-term tenants. 3 commercial spaces, including a thriving dental practice, anchoring the building with steady, reliable income. Strategically located on high-traffic Ashland Ave, ensuring visibility and accessibility for businesses and residents alike. Owners are ready to pass the torch, presenting a rare opportunity for investors seeking a stable, income-producing asset. This property has it all: location, stability, and cash flow! Whether you're an experienced investor or just breaking into the market, this is a portfolio-worthy addition that delivers immediate returns. Don't miss out-schedule your showing today and secure your place in Chicago's growing real estate market
Exterior Features

Frontage Type City Street

Interior Features

Cooling Window Unit(s) Heat Ventilation Radiators Number Of Dryers 6 Number Of Ranges 12 Number Of Washers 6

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 17890 Built Before1978 YN Yes Electric Circuit BreakersService - 101 to 200 Amps Fire Protection Fire Extinguisher/sHydrants On Site Geographic Locale Chicago South Gross Income 184780 Gross Scheduled Income 184780 Insurance Expense 10000 Location Mixed Use Area Mls Actual Status Active Net Operating Income 125600 Number Of Tenants 15 Operating Expense 62056 Property Sub Type Mixed Use Rental Price 22 Tax Annual Amount 22718 Tax Year 2023 Tenant Pays ElectricityTaxesRepairs Total Monthly Income 15416 Type Mixed Use Utilities Electric to SiteGas to SiteSanitary SewerWater-Municipal Zoning COMMR

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 312-981-5500.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2025-03-21T12:10:19.687 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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