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Active
  • $89,900

    8551 S Ashland Ave, Chicago, IL 60620

    4beds
    --sqft
    Multi Family
    Built in 1931
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Located on the historic Ashland Ave in sought after Auburn Gresham this mixed use building offers over 2500 sq feet and provides tremendous oppertunity for a buyer who is looking for office space while creating cash flow with the large apartment on the second floor. The building has had some major ticket items completed such as electric, roof, the main level has been framed out and can be the perfect office, shop with offsetting the income by the apartment on the second floor. The current layout has this as one large apartment but previous use has showed this as a having three apartments in the space. Reconfigure this to bring out the best space possible and create a passive investment while building equity!
    34 days
    on Zillow
    |
    1,254
    |
    84
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    Zillow last checked: 7 hours ago

    Listing updated: July 14, 2025 at 10:06pm

    Listing courtesy of:

    Ryan Smith 708-246-6300,

    RE/MAX Premier

    Source: MRED as distributed by MLS GRID,MLS#: 12412546MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 8551 S Ashland Ave.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 4
    • Parking features: On Site
    Lot
    • Size: 2,700 Square Feet
    Details
    • Parcel number: 20323150180000
    • Special conditions: Real Estate Owned

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1931

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & HOA

    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $90,000
    • Annual tax amount: $3,194
    • Date on market: 7/9/2025
    • Ownership: Fee Simple
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