20
See all 20 photos
$220,000
Est. payment /mo
3,175 SqFt
Active
7753 S Ashland AVE Chicago, IL 60620
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,175 sqft
Price per Sqft $69
MLS Listing ID 12309252
Year Built 1927
Annual Tax Amount $1,764
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Mixed Use
Property Description
Incredible Investment Opportunity - Restaurant & Residential Space! Calling all aspiring restaurateurs and investors! This is your chance to restore and revitalize a prime commercial space ( mixed use so 203k loan is fine) with minimal investment and maximum potential, creating instant equity once complete. Originally gut-rehabbed in 2020, this 1,600 sq. ft. restaurant space was fully equipped with top-of-the-line features, including a basement security center and office for added functionality. However, due to tenant damage (details to be discussed), the space now offers a unique opportunity for renovation and customization to fit your vision. Above, the spacious 1,600 sq. ft. second-floor apartment features three bedrooms, two bathrooms, and a large back deck-perfect for relaxation or entertaining. Additional highlights include a 2-car garage and crawl space, providing ample storage. Income Potential: Tenant current rent is below current market rents and can be adjusted, thus the apartment can generate steady cash flow while you build your restaurant business below. Basement pictures not available at this time but boasts two bedrooms and a another bathroom! With a motivated seller and an investor friendly price, this property is an absolute must-see for those looking to own, renovate, and profit from a combined commercial and residential space. Don't miss out-schedule your showing today!
Location
State IL
County Cook
Area Chi - Auburn Gresham
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick
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Listed by Dana Jones • Dior Real Estate Group
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