High Cash Generating Mixed Use in Auburn Gresham

8244-8248 South Ashland Avenue Chicago, IL 60620

8244-8248 South Ashland Avenue, Chicago, IL, 60620
8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620 8244-8248 South Ashland Avenue, Chicago, IL, 60620
FOR SALE
Property Type:
Other Special Purpose
Amount:
$1,250,000
Last Verified:
Feb 17, 2025

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Highlights

  • - 17,891 SF building with 15 units
  • - Constructed in 1963
  • - Zoned for commercial use
  • - Located in Chicago
  • - 100% occupancy
  • - Strong rental income potential
  • - Stable, long-term investment
  • - Diverse unit mix for various tenant needs
  • - Well-maintained and attractive building
  • - Proven track record of consistent occupancy
  • - Prime opportunity for rental portfolio diversification

Description

Introducing an exceptional investment opportunity located in the heart of Chicago, IL. This impressive property features a spacious 17,891 SF building with 15 units, ideal for Multifamily or Single Family Rental Portfolio investors. Built in 1963 and zoned for commercial use, this property embodies reliability and potential for substantial long-term returns. With full occupancy already secured, this meticulously maintained investment promises lucrative and consistent rental income. Don't miss the chance to add this high-performing property to your investment portfolio and capitalize on the stable growth of the Chicago rental market.

Explore the vibrant South Chicago market surrounding this High Cashflow Mixed Use Building, offering a dynamic blend of urban conveniences and local charm. Situated within a bustling area, residents enjoy access to a variety of dining, entertainment, and retail options nearby. The location's proximity to public transportation and major roadways provides seamless connectivity to the city's diverse neighborhoods and employment hubs. With renowned cultural attractions and recreational facilities just a stone's throw away, this area offers an enticing lifestyle for tenants. Experience the allure of this thriving locale, ripe with investment potential for a diverse rental portfolio.


Year Built: 1963
Building Size: 17891sq ft
Building Class: B
Lot Size: 0.25 acres

Map of 8244-8248 South Ashland Avenue, Chicago, IL, 60620

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.