MLS#12215075
STATUSActive
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Cooling: None
Lot Size: 0.26 Acres
Stories: 2.0
Taxes: $10,360
Year Built: 1914
Feature Descriptions
Electric: Other
Fire Protection: Other
HVAC: None
Lot Dimensions: 0.26 AC
Parcel#: 20201160050000
Parking: 6-12 Spaces
Tenant Pays: Other
Units: 14
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 773-482-1917
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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6617 S Ashland Avenue | MLS# 12215075
This commercial property located at 6617 S Ashland Avenue, Chicago, IL 60636 is currently listed for sale with an asking price of $450,000. Search Chicago real estate on www.bhhscrosby.com today.