Rare opportunity to acquire a mixed-use building on a high-visibility commercial corridor in Chicago. This property features approximately 3,000 SF of commercial storefront space on the first floor, previously occupied by an upscale salon complete with a private office and restroom, along with a spacious 1,800 SF three-bedroom, one-bath residential unit on the second floor. The property sustained fire damage from an electrical fire in the upper residential unit and is being sold AS-IS, presenting an excellent value-add opportunity for investors, developers, or owner-users seeking to renovate and customize the space. The commercial storefront offers an open layout suitable for a variety of retail, office, or service-based businesses, while the upper unit provides the potential for rental income or owner occupancy after rehabilitation. Additional features include rear parking for approximately 2-3 vehicles and excellent exposure along busy Ashland Avenue, offering strong visibility and traffic counts. Whether you’re looking to reposition a mixed-use asset, establish your business while generating residential rental income, or add a redevelopment project to your portfolio, this property offers significant upside potential in a well-traveled Chicago location
Property Details
Price:
$54,999
MLS #:
MRD12723023
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chiwestenglewood
Listed Date:
Aug 3, 2026
Total Sq Ft:
3,000
Year Built:
1906
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Tile
Exterior
Construction Materials
Brick
Roof
Membrane
Stories
2
Financial
Tax Year
2025
Taxes
$1,838
Map
Community
- Address6848 S Ashland Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60636
Market Summary
Current real estate data for Commercial in Chicago as of Oct 07, 2026
888
Commercial Listed
184
Avg DOM
$1,021,624
Avg List Price
Property Summary
- 6848 S Ashland Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60636. It is listed for $54,999
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Copyright 2026. All rights reserved.
6848 S Ashland Avenue
Chicago, IL


