4748 Ashland AveChicago, IL 60609

This exceptional mixed-use property, located at 4748 S. Ashland Ave in Chicago, IL, presents a compelling investment opportunity. The 10,984 square foot building, constructed in 1912 and renovated in 2019, features two stories and is currently 50% occupied by Kreative Kids Academy. The net rentable area totals 5,492 square feet, with a current asking price of $695,000, representing a price per square foot of $63.27 and a 7.19% cap rate. The property boasts a strong net operating income (NOI) of $49,989. The building sits on a 13,719 square foot lot (APN: 20072070600000) and is zoned 7-92, offering versatility for various uses. The property includes two units and benefits from ample parking. Its prime location in the Back of the Yards neighborhood provides excellent visibility and accessibility, making it an ideal investment for those seeking strong rental income or owner-occupation. The property's recent renovations and well-maintained condition further enhance its appeal. This is a rare chance to acquire a valuable asset in a thriving commercial real estate market with significant potential for value appreciation and customization to suit specific business needs. The property's location offers proximity to critical amenities and transportation options.