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6617 S Ashland Avenue, Chicago, IL 60636
$475,000
6617 S Ashland Avenue, Chicago, IL 60636View this property at 6617 S Ashland Avenue, Chicago, IL 60636
6617 S Ashland AvenueChicagoIL60636
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Property Description
Fantastic opportunity to own this mixed-use building located in an Opportunity Zone. With a projected NOI of almost $200k/yr upon completion, this property consists of ten residential units and four commercial units. The rare gated courtyard design of the property provides an insulated, safe environment for the residents. The four commercial units, with fantastic visibility and access to Ashland Ave are the perfect size for entrepreneurs to get their new businesses off the ground with a bang. The spaces are open, airy and offer flexible layouts that serve a wide range of businesses. The makeup of the residential units is four 1 bedroom units and six 2 bedroom units, each with 1 bathroom. They are all great sized units with big windows and lots of natural light. This is a two story building, convenient for the all tenant types, and also convenient for finishing the rehab (residential plumbing can be PVC, for example). The 4 commercial units will be very easy to fill given their size. They are perfect for NNN tenants like a quick serve restaurant (sandwich shop), barber shop, nail salon, tax/insurance shop etc. The property has been fully demo'd, a new full tear-off roof has been installed, most masonry work is completed and is fully framed out and ready for MEP. Plans have been approved with the city and permits are imminent.
Full Property Details
Full Property Details for 6617 S Ashland Ave
General
- Price: $475,000
- Taxes: $10,360 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11986826
- Updated: 5/4/2024
- Added to Site: 45 day(s) ago
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: CHI - West Englewood
- County: Cook
- Township: Lake
- Driving Directions: West on Marquette Rd to Ashland. North to property.
Heating & Cooling
- Heating Type: None
Structural Information
- Stories/Levels: 2
- Year Built: 1914
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 0.26 AC
Financial Considerations
- Assessment Year: 1914
- Tax Amount: $10,360
- Tax Year: 2022
- Tenant Pays: None
Disclosures and Reports
- Property ID: 20201160050000
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Schools
Schools serving 6617 S Ashland Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1140 W 66th St, Chicago, IL 60621 | PK-8 | 0.5 mi | |
Englewood Stem High School
6835 S Normal Blvd, Chicago, IL 60621 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6617 S Ashland Ave
Date
Details
Price
Change
Source
4/24/2024
Price Reduced
$475,000
-4.98%
MLS
3/21/2024
Listed
$499,900
42.83%
MLS
12/28/2021
Sold
$350,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6617 S Ashland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$10,360
2%
$50,369
—
2021
$10,129
-15%
$50,369
-6%
2020
$11,944
216%
$53,615
185%
2019
$3,775
2%
$18,787
—
2018
$3,711
-8%
$18,787
—
2017
$4,039
7%
$18,764
—
2016
$3,758
9%
$18,764
—
2015
$3,438
-67%
$18,764
-67%
2014
$10,550
2%
$56,859
—
2013
$10,341
1%
$56,859
—
2012
$10,203
—
$56,859
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6617 S Ashland Ave
6617 S Ashland Avenue, Chicago, IL 60636 (MLS# 11986826) is a Commercial property. 6617 S Ashland Avenue is currently listed for $475,000 and was received on March 21, 2024. Want to learn more about 6617 S Ashland Avenue? Do you have questions about finding other Commercial real estate for sale in West Englewood? You can browse all West Englewood real estate or contact a Coldwell Banker agent to request more information.