6848 S Ashland Avenue Chicago, IL $ 54,999
6848 S Ashland Avenue
$ 54,999
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6848 S Ashland Avenue

Chicago, IL, 60636
$ 54,999
Bedrooms-- Baths-- Sq 3,000

Monthly Estimate*

$ 347

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Commercial Property for sale in Chicago, IL

for $54,999. This 3,000 square foot building was built in 1906 on a lot size of 0.061983.

Rare opportunity to acquire a mixed-use building on a high-visibility commercial corridor in Chicago. This property features approximately 3,000 SF of commercial storefront space on the first floor, previously occupied by an upscale salon complete with a private office and restroom, along with a spacious 1,800 SF three-bedroom, one-bath residential unit on the second floor. The property sustained fire damage from an electrical fire in the upper residential unit and is being sold AS-IS, presenting an excellent value-add opportunity for investors, developers, or owner-users seeking to renovate and customize the space. The commercial storefront offers an open layout suitable for a variety of retail, office, or service-based businesses, while the upper unit provides the potential for rental income or owner occupancy after rehabilitation. Additional features include rear parking for approximately 2-3 vehicles and excellent exposure along busy Ashland Avenue, offering strong visibility and traffic counts. Whether you're looking to reposition a mixed-use asset, establish your business while generating residential rental income, or add a redevelopment project to your portfolio, this property offers significant upside potential in a well-traveled Chicago location

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Commercial Active

Price

$ 54,999

Property Type

Commercial

Taxes

$ 1,837

Style

Lot Size

0.061983

Year Built

1906

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12723023

Features
General
Cooling Central Air
Roof Membrane
Zoning COMMR
Construction Materials Brick
Year Built 1906
Electric Circuit Breakers
Tenant Pays Other
Stories Count 2
Township Lake
Tax Year 2025
Gross Income 58800
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions Ashland north or south to address
City Chicago
Number Of Units Total 2
MLS Area CHI - West Englewood
Lot Size Square Feet 2700
Tax Annual Amount 1837.61
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Interior
Flooring Tile
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 3000
Lot Dimensions 25 X108
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* Excluded Features
List By
Keller Williams Preferred Realty

Broker

tyshekapear@gmail.com;typearson@kw.com

Email

Affordability Calculator

$500
Per Month
69%
31%
0%
Monthly Principal & Interest
$347
Monthly Property Taxes
$153
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/3/2026$54,999 Listed Price

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6848 S Ashland Avenue, Chicago, IL, 60636 is a Commercial Property for sale at $54,999 with 3,000 sqft and a lot size of 0.061983. 6848 S Ashland Avenue was built in 1906. The property's zip code is 60636 which is in Chicago, IL