6617 S ASHLAND AVE Chicago IL 60636-3034

Fantastic opportunity to own this mixed-use building located in an Opportunity Zone.​ With a projected NOI of almost $200k/yr upon completion, this property consists of ten residential units and four commercial units.​ The rare gated courtyard design of the property provides an insulated, safe environment for the residents.​ The four commercial units, with fantastic visibility and access to Ashland Ave are the perfect size for entrepreneurs to get their new businesses off the ground with a bang.​ The spaces are open, airy and offer flexible layouts that serve a wide range of businesses.​ The makeup of the residential units is four 1 bedroom units and six 2 bedroom units, each with 1 bathroom.​ They are all great sized units with big windows and lots of natural light.​ This is a two story building, convenient for the all tenant types, and also convenient for finishing the rehab (residential plumbing can be PVC, for example).​ The 4 commercial units will be very easy to fill given their size.​ They are perfect for NNN tenants like a quick serve restaurant (sandwich shop), barber shop, nail salon, tax/insurance shop etc.​ The property has been fully demo'd, a new full tear-off roof has been installed, most masonry work is completed and is fully framed out and ready for MEP.​ Plans have been approved with the city and permits are imminent.​