For Sale
$295,000

6512 Ashland Ave Chicago, IL 60636

Chicago Storefront: High-Yield Investment

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional mixed-use property at 6512 S Ashland Ave, Chicago, IL 60636, presents a compelling investment opportunity. The 3,000 square foot building boasts a fully occupied storefront, currently leased to a long-term barbershop/salon tenant, generating $36,000 in annual gross income. Upstairs, a three-bedroom apartment adds to the property's revenue stream. Conveniently located on Ashland Avenue, this property benefits from high visibility and significant foot traffic, with a daily traffic count of 14,931 vehicles. Its proximity to the 63rd MetraRail train stop and I-90/I-94 expressway ensures easy access for both tenants and customers. The surrounding area is densely populated, with nearby businesses including McDonald's, Metro by T-Mobile, Subway, and Family Dollar, further enhancing its appeal. The property sits on a 3,485 square foot lot and is zoned C1-2. Annual property taxes for 2023 were $1,850.91. This turnkey investment offers strong cash flow and significant potential for future growth, making it an ideal addition to any portfolio. The property's location near Kennedy King College also presents additional opportunities.

Highlights

  • 3,000 SF mixed-use building with a ground-floor barbershop/salon and a 3-bedroom apartment above.
  • Fully occupied by long-term tenants.
  • $36,000 annual gross income.
  • Excellent Ashland Avenue location.
  • Convenient public and vehicular transportation access.
  • Strong investment opportunity.

Property Details for 6512 Ashland Ave

Property type
Retail properties, Mixed-use properties
Square Feet
3,000 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7753571
Longitude
-87.6643985
6512 Ashland Ave, Chicago, Illinois

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FAQs

What type of property is this?
Retail property - Chicago Storefront: High-Yield Investment
Where is the retail property located?
The property is located at 6512 Ashland Ave Chicago, IL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 3,000 SF mixed-use building with a ground-floor barbershop/salon and a 3-bedroom apartment above.; Fully occupied by long-term tenants.; $36,000 annual gross income.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Brad Thompson
Brad Thompson
Sean Wagner
Visit Broker Website

Learn more

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Ashland Ave
Chicago, IL 60636

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Ashland Ave
Chicago, IL 60636

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

6512 Ashland Ave
  • Brad Thompson
    Brad Thompson
  • Sean Wagner
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