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!
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
- 34 days
- on Zillow |
- 1,254 |
- 84 |
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#: 12412546

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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