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$99,900 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 4 Total Beds
  • Updated 10 days ago
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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 for 8551 S Ashland Ave

General

  • Price: $99,900
  • Taxes: $3,194 (2022)
  • Status: Pending
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12679791
  • Updated: 6/25/2026
  • Added to Site: 20 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 4

Parking

  • Total Spaces: 4
  • Parking Features: Yes

Location

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

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • 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
  • Pays Sewer: Public Sewer

Disclosures and Reports

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

Listed by RE/MAX Premier

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— 8551 S Ashland Ave —

  • RE/MAX Premier

(708) 246-6300

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 8551 S Ashland Ave

School District:Chicago Public School District 299
NameGradesDistance
Cuffe Math-Sci Tech Elementary Academy
8324 South Racine Avenue, Chicago, IL 60620
K-80.6 mi
Hirsch Metropolitan High School
7740 South Ingleside Avenue, Chicago, IL 60619
9-123.3 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/16/2026
Listed
$99,900
17.53%
MLS
11/17/2021
Sold
$85,000
—
Public Record
Get Price Alerts and Save Property
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 for 8551 S Ashland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,225
—
$7,100
-21%
2023
$2,225
2%
$9,000
—
2022
$2,176
2%
$9,000
—
2021
$2,137
-33%
$9,000
-27%
2020
$3,194
-3%
$12,255
-12%
2019
$3,285
—
$13,927
—
2018
$3,285
-25%
$13,927
-19%
2017
$4,381
7%
$17,175
—
2016
$4,101
8%
$17,175
—
2015
$3,813
16%
$17,175
17%
2014
$3,300
23%
$14,730
—
2013
$2,679
1%
$14,730
—
2012
$2,643
—
$14,730
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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8551 S Ashland Avenue, Chicago, IL 60620 (MLS# 12679791) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 8551 S Ashland Avenue is currently listed for $99,900 and was received on June 16, 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.

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