8246 S Ashland Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60620- Gresham
$1,250,000 USD
773-531-6163
8246 S Ashland Ave, Chicago, IL for Sale
$1,250,000 USD
Storefront Retail/Residential - FOR SALE
1/13
null | 11.47% Cap Rate

8246 S Ashland Ave
Chicago, IL 60620
Gresham


HIGHLIGHTS

  • Strong rental income potential
  • Stable, long-term investment
  • Well-maintained and attractive building

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

11.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

-

APN/PARCEL ID

20-31-231-041-0000

ASK ABOUT THIS PROPERTY

DeMarcus HunterColdwell Banker Commercial RealtyMore Info
773-531-6163

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DeMarcus HunterColdwell Banker Commercial RealtyMore Info
773-531-6163

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