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High Cash Generating Mixed Use in Auburn Gresham

$1,250,000

8244-8248 South Ashland Avenue, Chicago, IL 60620

Active
Last Updated: 02/25/2025

11.47

Cap Rate

143,365.65

NOI

Details:
Cap Rate:    11.47%
NOI:    $143,365.65
Building Size:    17,891 sqft
Lot Area:    0.2479 acres
Occupancy:    100%
Class:    B
Units:    15
Year Built:    1963
Floors:    3
Highlights:
  • - 17,891 SF building with 15 units
  • - Constructed in 1963
  • - Zoned for commercial use
  • - Located in Chicago
  • - 100% occupancy
  • - Strong rental income potential
  • - Stable, long-term investment
  • - Diverse unit mix for various tenant needs
  • - Well-maintained and attractive building
  • - Proven track record of consistent occupancy
  • - Prime opportunity for rental portfolio diversification
Description:

Introducing an exceptional investment opportunity located in the heart of Chicago, IL. This impressive property features a spacious 17,891 SF building with 15 units, ideal for Multifamily or Single Family Rental Portfolio investors. Built in 1963 and zoned for commercial use, this property embodies reliability and potential for substantial long-term returns. With full occupancy already secured, this meticulously maintained investment promises lucrative and consistent rental income. Don't miss the chance to add this high-performing property to your investment portfolio and capitalize on the stable growth of the Chicago rental market.

Explore the vibrant South Chicago market surrounding this High Cashflow Mixed Use Building, offering a dynamic blend of urban conveniences and local charm. Situated within a bustling area, residents enjoy access to a variety of dining, entertainment, and retail options nearby. The location's proximity to public transportation and major roadways provides seamless connectivity to the city's diverse neighborhoods and employment hubs. With renowned cultural attractions and recreational facilities just a stone's throw away, this area offers an enticing lifestyle for tenants. Experience the allure of this thriving locale, ripe with investment potential for a diverse rental portfolio.

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