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 Details
Price:
$450,000
MLS #:
MRD12685865
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chiwestenglewood
Listed Date:
Jun 23, 2026
Year Built:
1914
See this Listing
Schools
Interior
Cooling
None
Exterior
Stories
2
Financial
Tax Year
2024
Taxes
$33,893
Map
Community
- Address6617 S Ashland Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60636
Market Summary
Current real estate data for Commercial in Chicago as of Oct 04, 2026
906
Commercial Listed
185
Avg DOM
$1,021,515
Avg List Price
Property Summary
- 6617 S Ashland Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60636. It is listed for $450,000
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Copyright 2026. All rights reserved.
6617 S Ashland Avenue
Chicago, IL


