Listed by Destiny Murrayof @properties Christie's International Real Estate
Bought with Alisha Harris of Alisha Harris

$265,000

Est. payment -/mo

$260,000

1.9%

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

8509 S Ashland Avenue Chicago, IL 60620

3,100 SqFt

SOLD DATE : 05/30/2025

Key Details

Sold Price $265,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 3,100 sqft

Price per Sqft $85

MLS Listing ID 12146913

Sold Date 05/30/25

Year Built 1924

Annual Tax Amount $2,963

Tax Year 2023

Lot Dimensions 25X125

Property Sub-Type Mixed Use

Property Description

Discover the potential of this exceptional mixed-use building, perfect for launching your business! The first floor offers ample space ideal for various uses and was previously utilized as a chiropractic practice. Upstairs, a spacious 3-bedroom apartment provides an excellent opportunity for additional rental income. The property also features a convenient two-car brick garage and new concrete in the rear. Recent updates include new plumbing, electrical systems, and a hot water tank. With a total of 3,100 sq. ft., this versatile property is ready for your next great venture. Don't miss out on the chance to make it your own! Rental income estimate: * Commercial: $3,375/month * Residential: $1,500/month * Total Monthly Rent: $3,375 + $1,500 = $4,875 * Total Annual Rent: $4,875 * 12 = $58,500