8551 S Ashland Avenue Chicago, IL ^$ 99,900

8551 S Ashland Avenue

^$ 99,900

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Foreclosure

8551 S Ashland Avenue

Chicago, IL, 60620

^$ 99,900

Bedrooms4 Baths3.0

Monthly Estimate*

^$ 631

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Multi-Family Home for sale in Chicago, IL

for $99,900 with 4 bedrooms and 3 full baths. This home was built in 1931.

Located on the historic Ashland Ave in sought after Auburn Gresham this mixed use building offers over 2500 sq feet and provides tremendous oppertunity for a buyer who is looking for office space while creating cash flow with the large apartment on the second floor. The building has had some major ticket items completed such as electric, roof, the main level has been framed out and can be the perfect office, shop with offsetting the income by the apartment on the second floor. The current layout has this as one large apartment but previous use has showed this as a having three apartments in the space. Reconfigure this to bring out the best space possible and create a passive investment while building equity!

Multi-Family Pending

Price

^$ 99,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,194

Style

Year Built

1931

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12679791

Features

General

Sewer Public Sewer

Heating Natural Gas

Possession Closing

Construction Materials Brick

Year Built 1931

Township Lake View

Tax Year 2022

Ownership Fee Simple

Gross Income 0

County Cook

Net Operating Income 0

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 8

Status Pending

Directions Take Ashland Avenue North/South to the property address.

City Chicago

High School District 299

MLS Area CHI - Auburn Gresham

Tax Annual Amount 3194.21

Standard Status Pending

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Unfinished Full

Total Bedrooms 4

Total Baths 3

Bedrooms Possible 4

Full Baths Building 3

Half Baths Building 0

Total Number of Units 2

Exterior

Parking Features Yes

Water Source Lake Michigan

Total Parking 4

Lot Dimensions 2 700

Waterfront Y/N N

* Excluded Features

List By

Re/Max Premier

Broker

Ryan@Smithreo.com

Affordability Calculator

$897

Per Month

Monthly Principal & Interest: $631
Monthly Property Taxes: $266
Monthly Home Insurance: --

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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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$636,379

Percent of Sale Price 537%

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.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/16/2026	$99,900		Listed Price

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8551 S Ashland Avenue, Chicago, IL, 60620 is a Multi-Family Home for sale at $99,900. 8551 S Ashland Avenue has 4 bedrooms, 3.0 baths, and was built in 1931. The property's zip code is 60620 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 8/15/2026.

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8551 S Ashland Avenue

Multi-Family Home for sale in Chicago, IL

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