6512 S Ashland Ave

3,000 SF 100% Leased Retail Building Chicago, IL 60636 $295,000 ($98/SF)

INVESTMENT HIGHLIGHTS

  • Fully occupied building with immediate cash flow opportunities.
  • Great location on Ashland Avenue
  • Businesses in the area include: McDonald’s, Metro by T-Mobile, Subway, Family Dollar and more
  • Generates $36,000 gross annually
  • Close to public and vehicular transportation

EXECUTIVE SUMMARY

Fully updated 2 unit mixed use building. Storefront currently occupied by long term Hair Salon and Barber shop. Second floor is a rehabbed 3 bedroom apartment. All individual utilities with very low owner expenses.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
B
Year Built/Renovated
1923/2011
Price
$295,000
Price Per SF
$98
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.86
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C1-2
Frontage
30 FT on S Ashland Ave

ABOUT 6512 S ASHLAND AVE , CHICAGO, IL 60636

Just minutes away from the I-90/I94 expressway, a 3,000 square foot mixed-use property is available for sale. This building features a retail space, occupied by a long-term barbershop/salon tenant, on the ground floor with a bedroom apartment on the top floor. Situated on Ashland Avenue, this property is convenient to pubic transportion, including the 63rd MetraRail train stop. Just south of 65th Street on Ashland Avenue, this proeprty is located near a number of prominent local retailers. The building’s location enjoys a large number of surrounding residences at this location, making it a great opportunity for an investor.

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • S Class Barber Shop
  • -
  • 1,400 SF
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
S Class Barber Shop - 1,400 SF - -
Walk Score®
Very Walkable (71)

NEARBY MAJOR RETAILERS

Chase Bank
Bank of America
Rent-A-Center
Citi
Checkers
Food 4 Less
Starbucks
Whole Foods
U.S. Bank
Huntington National Bank

PROPERTY TAXES

  • Listing ID: 32641163

  • Date on Market: 5/29/2019

  • Last Updated:

  • Address: 6512 S Ashland Ave, Chicago, IL 60636