REO: Chicago Mixed-Use Redevelopment

Highlights:

• Dual-income opportunity from ground-floor commercial/retail and upstairs residential units. Ideal for owner-operators, investors seeking cash flow, or value-add redevelopment.
• Located on S Ashland Ave, a major north-south corridor with significant car and bus traffic. Zoned for commercial/residential use (confirm exact zoning), allowing for a range of tenant types. High visibility with over 17,000+ vehicles per day on Ashland Ave (based on IDOT data).
• Multiple CTA bus routes nearby (e.g., #9 Ashland, #79 79th Street), connecting to Red/Green Lines. Accessibility to downtown Chicago (~10 miles north) via major arterial routes.
• South Side neighborhoods like Auburn Gresham and Englewood are seeing reinvestment and demand for local services (e.g., convenience stores, salons, restaurants, community services). Ground-floor retail can serve this unmet demand.
• Part of broader South Side revitalization, including city-supported initiatives (e.g., INVEST South/West). Nearby community projects, affordable housing developments, and infrastructure upgrades show rising public/private interest.

Description:

RI Marketplace Online Auction July 28-30, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2599/mixed-use-foreclosure-chicago-il?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=mixeduse_2599

Bracket Real Estate, in conjunction with RealINSIGHT Marketplace, is pleased to present the opportunity to acquire a mixed-use building offering both residential and commercial spaces, making it a versatile investment opportunity. The building comprises four residential units—two 1-bedroom, 1-bath units at the front and two 2-bedroom, 1-bath units at the rear—along with a substantial 1st-floor commercial space measuring 30x60 feet. Situated on S Ashland Avenue, a major north-south corridor with significant vehicular and bus traffic, the property benefits from high visibility and accessibility. The property is zoned COMMR, allowing for a range of commercial and residential uses. Multiple CTA bus routes are nearby, connecting to the Red and Green Lines, providing convenient access to downtown Chicago. Located in the Englewood neighborhood, the area is experiencing reinvestment, with demand for local services such as convenience stores, salons, and restaurants. The property is part of broader South Side revitalization efforts, including city-supported initiatives like INVEST South/West, indicating rising public and private interest. The building is fully vacant, offering investors immediate access for renovation, repositioning, or re-tenanting. With a lower acquisition cost compared to North Side or Loop properties, the asset is attractive for first-time or portfolio-expanding investors, offering similar yield potential.


Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273

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