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Kevin Wagan

kevinwagan@gmail.com +1(630) 518-5042

$ 575,000

Est. payment -/mo

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Active Under Contract

2024 S Ashland AVE Chicago, IL 60608

5,047 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

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 of Sperry Van Ness

SCHOOLSPROPERTIES

Elementary Schools 20

10

STEM Magnet Academy Elementary School

Public | KG - 5
10

Skinner Elementary School

Public | PK - 5
9

Jackson a Elementary Language Academy

Public | KG - 8
9

Galileo Elementary Math & Science Schol Acd

Public | KG - 8
9

Sheridan Elementary Math & Science Academy

Public | KG - 8
9

Healy Elementary School

Public | PK - 8
9

J. Ward Elementary School

Public | KG - 8
9

Haines Elementary School

Public | PK - 8
8

Mitchell Elementary School

Public | PK - 8
8

Perez Elementary School

Public | PK - 8
7

Locke a Elementary Charter Academy

Public | PK - 8
7

Burroughs Elementary School

Public | PK - 8
7

Columbus Elementary School

Public | PK - 8
7

South Loop Elementary School

Public | PK - 8
6

Columbia Explorers Elementary Academy

Public | KG - 8
6

Horizon Science Academy-Mckinley Park

Public | KG - 8
6

Namaste Elementary Charter School

Public | KG - 8
6

Holden Elementary School

Public | PK - 8
5

N. Davis Elementary School

Public | KG - 8
5

Gunsaulus Elementary Scholastic Academy

Public | PK - 8

Middle Schools 8

10

Young Magnet High School

Public | 7 - 12
7

Orozco Elementary School

Public | 6 - 8
7

Ogden Intermediate High School

Public | 6 - 12
7

Noble Street Charter Schools

Public | 6 - 12
6

Evergreen Academy Middle School

Public | 6 - 8
2

Madero Middle School

Public | 6 - 8
1

Perspectives Charter High School

Public | 6 - 12
0

Iyc Chicago

Public | 6 - 12

High Schools 20

9

Westinghouse High School

Public | 9 - 12
9

Jones College Preparatory High School

Public | 9 - 12
8

Phoenix Military Academy High School

Public | 9 - 12
7

Air Force Academy High School

Public | 9 - 12
6

Crane Medical Preparatory High School

Public | 9 - 9
6

Intrinsic Charter High School

Public | 9 - 9
5

North Lawndale Charter High School

Public | 9 - 12
4

Marshall Metropolitan High School

Public | 9 - 12
4

Spry Community Links High School

Public | 9 - 12
4

Manley Career Academy High School

Public | 9 - 12
4

Ihsca Charter High School

Public | 9 - 12
4

Wells Community Academy High School

Public | 9 - 12
3

Juarez Community Academy High School

Public | 9 - 12
2

Chicago Technology Academy High School

Public | 9 - 12
1

Farragut Career Academy High School

Public | 9 - 12
1

Collins Academy High School

Public | 9 - 12
1

Kelly High School

Public | 9 - 12
1

Legal Preparatory Academy Charter High School

Public | 9 - 10
1

Urban Preparatory Charter Academy West Campus High School

Public | 9 - 12
1

Urban Preparatory Charter Academy Bronzeville High School

Public | 9 - 12

School and business data provided by Attom Data.

Kevin Wagan

Agent

+1(630) 518-5042

Kevin Wagan

2024 S Ashland AVE Chicago, IL 60608

Key Details

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Interior

Exterior

Building

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2024 S Ashland AVE