4748 S Ashland Ave - Freestanding FOR SALE


Chicago, IL 60609
$695,000 USD
773-517-9740
4748 S Ashland Ave, Chicago, IL for Sale
$695,000 USD
Freestanding - FOR SALE
1/17
null | 8.85% Cap Rate

4748 S Ashland Ave
Chicago, IL 60609


HIGHLIGHTS

  • Fully Renovated First Floor Two Story Building
  • 2nd Floor Value-add Potential
  • Retail & Land for Sale
  • Long Term Tenant
  • Dedicated Fenced In Lot
  • High Visibility Hard Corner

OVERVIEW

Introducing a prime income-producing investment opportunity in the Back of the Yards neighborhood at 4748 South Ashland Avenue, Chicago, IL, 60609. This 10,000 SF, 2-story building offers a spacious and versatile layout on the 1st floor with long-term daycare tenants, ideal for an office on the second floor, ready for your design. 3 city lots of crucial & suburb parking-2,228 SF. Situated in the vibrant Chicago area, this property presents a compelling opportunity for investors seeking a strategic addition to their portfolio. With its prime location and ample space, this property is prepped to meet the demands of modern businesses. Take advantage of this rare chance to secure a valuable asset in a thriving commercial real estate market. -Versatile office space in a high-demand area. -Recently renovated and well-maintained building. -Excellent visibility and accessibility with a high walk score of 85/100. -City Reinvestment Opportunity. -Invest South West corridor. -Potential for customization & value-added potential to suit specific business needs. -Ample parking with a fenced-in lot for employees and visitors. -Proximity to critical amenities and transportation options. -Strong potential for rental income or owner-occupation. -Potential for value appreciation in a thriving market.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

8.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Day Care Center, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

B3-3, Chicago

APN/PARCEL ID

20-07-207-060-0000

ASK ABOUT THIS PROPERTY

Terri CoxMatanky Realty GroupMore Info
773-517-9740

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Terri CoxMatanky Realty GroupMore Info
773-517-9740

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.