6512 Ashland AveChicago, IL 60636

Property Details for 6512 Ashland Ave

Year built

1926

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

2,850 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

20-19-223-026

APU

2019223026

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7754

Longitude

-87.6645

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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