8244-8248 S Ashland Avenue
Sold

8244-8248 S Ashland Avenue

8244-8248 S Ashland Avenue, Chicago, IL 60620

$1,110,000
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

17,890 Sq.Ft. LIVING AREA

10,000 Sq.Ft. lot

DeMarcus Hunter

DeMarcus Hunter

Features & Amenities

Area & Lot

  • Status Sold
  • Living Area17,890 Sq.Ft.
  • Lot Area10,000 Sq.Ft.
  • MLS® ID12273369
  • TypeOther
  • YEAR BUILT1963

Exterior

  • STORIES3
  • water SourceMunicipal Water
  • utilitiesElectricity Available, Natural Gas Available, Sewer Connected
  • AIR CONDITIONINGWindow Unit(s)

Financial

  • Sales Price$1,110,000
  • Real Estate Tax $22,718/yr
  • Zoning COMMR

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I have lived in and explored many parts of this beautiful city, and look forward to sharing my expertise with you whether you are buying or selling in the Chicagoland area. Let me welcome you home.

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