5038 S Ashland Avenue Chicago, IL ^$ 215,000

5038 S Ashland Avenue

^$ 215,000

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5038 S Ashland Avenue

Chicago, IL, 60609

^$ 215,000

Studio Baths0.0 Sq 3,120

Monthly Estimate*

^$ 1,502

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Studio

Commercial Property for sale in Chicago, IL

for $215,000. This 3,120 square foot building was built in 1960 on a lot size of 0.062052.

This mixed-use building on busy Ashland with multiple income streams and a desirable location presents an attractive investment opportunity with the potential for long-term growth and profitability. It combines the convenience of a storefront with the comfort of a 3 bedroom apartment on the second floor. The 3-car garage ensures ample parking, eliminating the hassle of searching for street parking and potentially providing added income. There is a partial basement for extra storage. The building is being sold AS IS

Commercial Active

Price

^$ 215,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 2,262

Style

Commercial

Lot Size

0.062052

Year Built

1960

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11998626

Features

General

Cooling None

Zoning COMMR

Construction Materials Brick

Year Built 1960

Electric Circuit Breakers

Stories 2

Township South Chicago

Property SubType Mixed Use

Tax Year 2022

Current Use Commercial

Gross Income 14400

County Cook

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Possible Use Retail Other

Status Active

Directions Ashland Ave to 50th St

City Chicago

Total Units 2

MLS Area CHI - New City

Lot Size Square Feet 2703

Street Name Ashland

Tax Annual Amount 2262.3

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Days on Market 6

Lease Type N/A

Standard Status Active

Total Actual Rent 0

Interior

Total Fireplaces 0

Street Suffix Avenue

Exterior

Building Area Total 3120

Lot Dimensions 25X125

Frontage Type City Street

Exterior Brick

* Excluded Features

List By

Re/Max In The Village

Broker

erika.villegas1@gmail.com;erika@erikavillegas.com

Affordability Calculator

$1,690

Per Month

Monthly Principal & Interest: $1,502
Monthly Property Taxes: $189
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$835,725

Percent of Sale Price 289%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/11/2024	$215,000		Listed Price

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5038 S Ashland Avenue, Chicago, IL, 60609 is a Commercial Property for sale at $215,000 with 3,120 sqft and a lot size of 0.062052. 5038 S Ashland Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 60609 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/1/2024.

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5038 S Ashland Avenue

Commercial Property for sale in Chicago, IL

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