Listed by Berkshire Hathaway HomeServices Chicago, Berkshire Hathaway HomeServices KoenigRubloff Realty Group Glenview, RE/MAX Premier
$2,225,000
1725 S ASHLAND AVE CHICAGO IL 60608
Details
APN 17203020440000
Property Type Mixed Use
Sub Type Mixed Use
Square Footage 11,280
Units 12
Cap Rate 7.57%
NOI $168,438
Occupancy 91%
Tenancy Multi
Lease Type Modified
Remaining Term 5
Price per SqFt $197
Class B
Year Built 1920
Year Renovated 2024
Stories 3
Lot Size (SqFt) 4,170
Zoning COMMR
Investment Type Stabilized
Ground Lease No
Mixed use building with upside!
Marketing 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.
Investment highlights
- Great Location
- Value Add
- Great mix or Retail and Apartments
Listing Contacts
Listed by Berkshire Hathaway HomeServices Chicago, Berkshire Hathaway HomeServices KoenigRubloff Realty Group Glenview, RE/MAX Premier
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,438.00
$14,036.50/mo
Valuation Metrics
0
DSCR
7.57%
Cap Rate
7.57%
ROI
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