Commercial: Mixed Use - MLS# 12614246
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Description
Positioned at a highly visible corner along South Ashland Avenue in the heart of Chicago's vibrant Pilsen neighborhood, 1725 South Ashland Avenue presents a compelling mixed-use investment anchored by durable income and long-term upside. The property blends well-maintained residential units with established street-level commercial tenants, creating a balanced revenue profile that appeals to both traditional and value-add investors. The retail component benefits from excellent frontage and pedestrian exposure, with a tenant mix that includes a popular neighborhood restaurant, a nationally recognized wireless retailer, and a professional services office. These uses contribute consistent foot traffic while reinforcing the property's role as a daily-use destination within the community. Residential units above are thoughtfully laid out, well maintained, and historically occupied, supporting dependable in-place income with additional upside through future rental growth and lease-up of vacant units. Located minutes from the Chicago Loop, the asset is embedded within one of the city's most culturally rich and visually dynamic neighborhoods. Pilsen is known for its dense population base, strong neighborhood identity, and accessibility via CTA rail, major bus corridors, and nearby expressways. The surrounding area features a mix of residential density, local retail, and cultural landmarks, making it attractive to both tenants and long-term ownership. This offering represents a rare opportunity to acquire a corner mixed-use asset in an established urban submarket, combining immediate cash flow with future value enhancement potential in one of Chicago's most resilient neighborhoods.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60608
- Year Built: 1920
- Stories: 3
- Units: 12 units
- Zoning: COMMR
- # Of Apts: 8
- # Of Stores: 4
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Cap Rate: 5.25
- Cooling: Central Individual
- Directions: Located on the northeast corner of Ashland Ave. & 18th St.
- Electric: Separate Meters
- Electric Expense: 2893
- Fire Protection: Smoke or Fire Protectors
- Fuel Expense: 1627
- Geographic Locale: Chicago Southwest
- Gross Income: 174189
- Gross Rent Multiplier: 13
- Gross Scheduled Income: 174189
- Heat/Ventilation: Forced Air
- Information: 48-Hr Notice Required
- Insurance Expense: 12664
- Lot Size Square Feet: 4170
- Main Type: Commercial Sale
- Operating Expense: 34053
- Property Sub Type: Mixed Use
- Tax Annual Amount: 24982
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
- Total Monthly Income: 14515
- Water Sewer Expense: 3376
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