5,047 sq ft
Commercial: Mixed Use - MLS# 12455519
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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.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60608
- Year Built: 1891
- Sq.Ft.: 5,047 sq ft
- Stories: 3
- Units: 3 units
- Zoning: COMMR
- # Of Apts: 2
- # Of Ranges: 2
- # Of Refrigs: 2
- # Of Stores: 1
- # Of Tenants: 2
- Approximate Age: Older
- Building Area Total: 5047
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Directions: Located on the North West Corner of W 21st Street & S Ashland Ave
- Electric: Circuit Breakers
- Fire Protection: Fire Extinguisher/s
- Geographic Locale: Chicago South, Chicago West
- Gross Income: 36000
- Gross Scheduled Income: 36000
- Heat/Ventilation: Forced Air, Gas
- Indoor Parking: 1-5 Spaces
- Information: List Broker Must Accompany, 48-Hr Notice Required
- Lot Size Square Feet: 3448
- Main Type: Commercial Sale
- Property Sub Type: Mixed Use
- Retail SqFt: 2150
- Tax Annual Amount: 9494.59
- Tax Year: 2023
- Total Monthly Income: 3000
- Township: West Chicago
- Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
- Water Source: Municipal Water
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