8551 S Ashland Avenue, Chicago, IL 60620 - Photo 1

1/1

$89,901

Sold
Closed
Multi-Family
4 Total Beds
Updated 13 days ago

1/1

Property Description

Located on the historic Ashland Ave in sought after Auburn Gresham this mixed use building offers over 2500 sq feet and provides tremendous oppertunity for a buyer who is looking for office space while creating cash flow with the large apartment on the second floor. The building has had some major ticket items completed such as electric, roof, the main level has been framed out and can be the perfect office, shop with offsetting the income by the apartment on the second floor. The current layout has this as one large apartment but previous use has showed this as a having three apartments in the space. Reconfigure this to bring out the best space possible and create a passive investment while building equity!

Full Property Details

Full Property Details for 8551 S Ashland Ave

General

Sold For: $89,901
Taxes: $3,194 (2022)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12679791
Added to Site: 120 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3

Bedrooms

Total Bedrooms: 4

Parking

Total Spaces: 4
Parking Features: Yes

Location

Area: CHI - Auburn Gresham
County: Cook
Driving Directions: Take Ashland Avenue North/South to the property address.

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Natural Gas

Utilities

Water: Lake Michigan

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Unfinished, Full
Year Built: 1931
Built Before 1978: Yes

Unit Information

Units in Building: 2

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 2700

Financial Considerations

Assessment Year: 1931
Tax Amount: $3,194.21
Tax Year: 2022

Disclosures and Reports

Ownership: Fee Simple
Special Conditions: REO/Lender Owned
Property ID: 20323150180000

Listed by RE/MAX Premier

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Meet the selling agent

— 8551 S Ashland Ave —

Jessica Goree

Email Me

(708) 825-7703 mobile

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Schools

Schools serving 8551 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	0.6 mi
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619	9-12	3.3 mi

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

Price & Sales History for 8551 S Ashland Ave

Date

Details

Price

Change

Source

10/01/2026

Sold

$89,901

-10.01%

MLS

6/16/2026

Listed

$99,900

—

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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Beds
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Total Baths
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$101,600

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Beds
2
Total Baths
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Townhouse
Closed

2
Beds
2
Total Baths
1,006
Sq. Ft.

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Sold

$85,000

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Single Family
Closed
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4
Beds
2
Total Baths
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Sq. Ft.

8551 S Ashland Avenue, Chicago, IL 60620 (MLS# 12679791) is a Multi-Family property that was sold at $89,901 on October 01, 2026. Want to learn more about 8551 S Ashland Avenue? Do you have questions about finding other Multi-Family 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.

8551 S Ashland Ave Chicago, IL 60620