1714 S Ashland Avenue
Chicago, IL, 60608 $ 1,190,000
Bedrooms-- Baths-- Monthly Estimate*
$ 7,424
for $1,190,000. This building was built in 1886 on a lot size of 0.136593.
* Prime Commercial Property in the vibrant Pilsen community. * This property consists of four generous size residential Artist Space presently but, the first floor expansive 3100 SQ feet space with floor to ceiling window facing Ashland Avenue with contiguous floor leading to Marshfield Avenue's loading dock, is a unique feature of this property with approximately same size basement loft at the intersection that boasts an Average Daily Traffic (ADT) count of nearly 36,000 vehicles-a major advantage for any local business. * Enhanced Logistics & Deliveries. * Proximity to Major Landmarks & Employers * Just minutes from Chicago's Medical District, the University of Illinois at Chicago (UIC), FBI Headquarters, Rush University Medical Center, the National Museum of Mexican Art, and Thalia Hall-a historic live music venue that draws both locals and visitors with top-tier performances. * Strong Investment Opportunity * Offering a double-digit CAP rate, driven by steady cash flow and significant appreciation potential. * Unmatched Accessibility * A commuter's delight, located at the intersection of 18th St. And Ashland Ave., with bus stops within walking distance and the Pink Line train station just a short walk away. * High Foot & Vehicle Traffic * This highly accessible location ensures consistent foot traffic and remarkable commuter convenience. With a powerful zoning: C1-2 * Investors will appreciate the versatile commercial use, accommodating tenants such as: national retailers * Coffee shops, restaurants, salons. * Artist live/work spaces * Universities, daycare centers, veterinary clinics * Urban farming, banquet halls, insurance agencies * Banks, financial services, bed & breakfasts, vacation rentals * Medical offices, data storage, auto supply stores * Motorcycle/boat sales, artisan industrial businesses * Laundromats/dry cleaning services * Wholesale operations, freight & warehousing * Wireless communication facilities and more! * Additionally, apartments are permitted above the ground floor, with over 5, 000 square feet of divisible residential space currently in use. * Strategic Location & Convenience * Costco is just two minutes away * Super easy access to I-290, I-55, and I-90/94 * Immediate convenience, cashflow, & long-term value * Invest in a strong, thriving community with a bright future. Motivated seller, aggressive price reduction.
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FeaturesGeneralCooling Exhaust Fan
Zoning OTHER
Year Built 1886
Electric Circuit Breakers Service - 0 to 100 Amps
Stories Count 2
Property Subtype Mixed Use
Tax Year 2022
Gross Income 13800
County Cook
Net Operating Income 25000
Operating Expense 25000
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions 18th Street to Ashland. Ashland to the address.
City Chicago
Number Of Units Total 4
MLS Area CHI - Lower West Side
Lot Size Square Feet 5950
Tax Annual Amount 4715
Electric Expense 0
Fuel Expense 1000
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Cap Rate 10.8
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ExteriorWater Source Municipal Water
Lot Dimensions 25 X 238
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* Excluded FeaturesList ByEngel & Voelkers ChicagoBroker
Beto@CallBeto.Com;roberto.montano@evrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,424
- Monthly Property Taxes
- $393
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $987,651
Percent of Sale Price 17%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/1/2025 | $1,190,000 | -8.46% | Price Down |
| 3/3/2025 | $1,300,000 | | Listed Price |