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Property Description

Turnkey Investment Opportunity - Fully Rented Mixed-Use Building at 8244-8248 S Ashland Ave! Step into the world of effortless income generation with this meticulously maintained mixed-use property in the heart of Chicago's bustling Auburn Gresham neighborhood. Perfectly situated with excellent visibility and foot traffic, this cash-generating gem is fully rented and ready for its next visionary owner. Features: 8 spacious 1-bedroom apartments and 4 comfortable 2-bedroom apartments, all fully occupied by long-term tenants. 3 commercial spaces, including a thriving dental practice, anchoring the building with steady, reliable income. Strategically located on high-traffic Ashland Ave, ensuring visibility and accessibility for businesses and residents alike. Owners are ready to pass the torch, presenting a rare opportunity for investors seeking a stable, income-producing asset. This property has it all: location, stability, and cash flow! Whether you're an experienced investor or just breaking into the market, this is a portfolio-worthy addition that delivers immediate returns. Don't miss out-schedule your showing today and secure your place in Chicago's growing real estate market

Overview

Property Status
Sold
Date Sold
July 22, 2025
Lot Size
10,000 Sq.Ft.
MLS ID
12273369
Property Type
Other
Year Built
1963

Features & Amenities

Total Area
17,890 Sq.Ft.
Stories
3
Water Source
Municipal Water
Utilities
Electricity Available, Natural Gas Available, Sewer Connected
Air Conditioning
Window Unit(s)
Sales Price
$1,110,000
Real Estate Tax
$22,718/yr
Zoning
COMMR

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8244-8248 S Ashland Avenue

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for your interest in 8244-8248 S Ashland Avenue, Chicago, IL 60620

8244-8248 S Ashland Avenue
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