2024 S Ashland AVE Chicago, IL 60608

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,047 sqft

Price per Sqft $113

MLS Listing ID 12455519

Year Built 1891

Annual Tax Amount $9,494

Tax Year 2023

Lot Dimensions 25X137

Property Sub-Type Mixed Use

Property Description

This large corner brick three-unit mixed-use building sits prominently at the lighted intersection of Ashland Avenue and 21st Street, offering a prime retail space that has remained consistently leased thanks to its unbeatable visibility and high-traffic location. The property includes a full basement and exterior signage with excellent exposure at the stoplight, presenting the potential for additional advertising income. Longtime ownership and first-time availability since the early 1960s make this a rare opportunity to acquire a well-positioned asset in an established neighborhood. The two residential apartments above the retail storefront offer spacious layouts filled with natural light and feature large floor plans, providing immediate rental income with the option to further maximize returns through updates and modern finishes. Residents can enjoy a generous outdoor deck ideal for entertaining, along with the convenience of a two-car garage in the rear for extra income potential. With strong fundamentals, untapped upside, and a proven rental history, this property is an excellent investment for both owner-occupiers and value-add investors alike.

Location

State IL

County Cook

Area Chi - Lower West Side

Zoning COMMR

Interior

Cooling None

Fireplace N

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available

Building

Dwelling Type Mixed Use

Water Municipal Water

Structure Type Brick

Listed by Angelo Labriola • Sperry Van Ness

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106