8507 S Ashland Avenue, Chicago, IL 60620 - Photo 1

1/1

$175,000

Sold
Closed
Commercial
2,700 Sq. Ft.

1/1

Property Description

Discover the potential of this exceptional mixed-use building, perfect for launching your business! The first floor commercial space offers ample space ideal for various uses and was previously utilized as barbershop and hair salon. On the second floor residential level you have two units, each offering 2 spacious bedrooms and one full bath that provides an excellent opportunity for additional rental income. The property also features a convenient 1-5 car concrete pad in the rear for ample parking. Property has a new roof that is less than 5 years old. With a total of ~3,000 sq. ft., this versatile property is ready for your next great venture with a some TLC. Don't miss out on the chance to make it your own! Schedule your private showing today to view the potential this property has for your investment purposes!

Full Property Details

Full Property Details for 8507 S Ashland Ave

General

Sold For: $175,000
Taxes: $2,719 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12452584
Added to Site: 148 day(s) ago

Interior

Interior Features: Private Restroom(s), Public Restroom(s)

Additional Information

Security/Safety: Fire Extinguisher(s)

Location

Area: CHI - Auburn Gresham
County: Cook
Driving Directions: From downtown Chicago: Head southwest on I-90/I-94 W (Dan Ryan Expressway). Take exit 58B for 87th Street. Turn left (east) onto W 87th Street. Turn right (south) onto S Ashland Ave. Continue south on S Ashland Ave for approximately 2 miles. The property will be on your left, at 8509 S Ashland Ave.
Location Details: Chicago South, Chicago Southwest, In City Limits

Heating & Cooling

Cooling Type: None
Heating Type: Radiators

Structural Information

Construction: Brick
Exterior Const.: Brick
Roof: Rubber
Stories/Levels: 2
Square Feet: 2,700
Current Bldg. Use: Commercial
# of Stores: 2
Year Built: 1959
Built Before 1978: Yes

Unit Information

# Tenants: 1
Units w/Range/Oven: 2

Lot Features

Lot Size (Sq. Ft.): 3,000
Lot Dimensions: .062
Potential Use: Commercial, Retail
Zoning: COMMR

Financial Considerations

Lease Price: $15
Security Deposit: Fire Extinguisher/s
Assessment Year: 1959
Tax Amount: $2,719.35
Tax Year: 2023
Tenant Pays: Electricity

Disclosures and Reports

Property ID: 20323150030000

Listed by Serene Realty, Inc.
Sold by Kale Realty

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— 8507 S Ashland Ave —

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Schools

Schools serving 8507 S Ashland Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Cuffe Math-Sci Tech Elementary Academy 8324 South Racine Avenue, Chicago, IL 60620	K-8	0.5 mi
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619	9-12	3.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8507 S Ashland Ave

Date

Details

Price

Change

Source

11/20/2025

Sold

$175,000

—

MLS

8/21/2025

Listed

$175,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1
Total Bath
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2
Total Baths
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2
Beds
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Total Baths
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$159,000

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Single Family
Closed

3
Beds
2
Total Baths
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8507 S Ashland Avenue, Chicago, IL 60620 (MLS# 12452584) is a Commercial property that was sold at $175,000 on November 20, 2025. Want to learn more about 8507 S Ashland Avenue? Do you have questions about finding other Commercial real estate for sale in Auburn Gresham? You can browse all Auburn Gresham real estate or contact a Coldwell Banker agent to request more information.

8507 S Ashland Ave Chicago, IL 60620