5038 South Ashland Avenue

Chicago, IL 60609

$215,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This mixed-use building on busy Ashland with multiple income streams and a desirable location presents an attractive investment opportunity with the potential for long-term growth and profitability. It combines the convenience of a storefront with the comfort of a 3 bedroom apartment on the second floor. The 3-car garage ensures ample parking, eliminating the hassle of searching for street parking and potentially providing added income. There is a partial basement for extra storage. The building...This mixed-use building on busy Ashland with multiple income streams and a desirable location presents an attractive investment opportunity with the potential for long-term growth and profitability. It combines the convenience of a storefront with the comfort of a 3 bedroom apartment on the second floor. The 3-car garage ensures ample parking, eliminating the hassle of searching for street parking and potentially providing added income. There is a partial basement for extra storage. The building is being sold AS IS
  1. Listed by Erika Villegas • Re/Max In The Village

Property Details for 5038 South Ashland Avenue

Area
CHI - New City
Township
South Chicago
Num of Interior Fireplaces
0
Zoning
COMMR

Location

Listing Courtesy of Re/Max In The Village
Add your commute
LISTING UPDATED: 03/17/2024 12:06 AM

Property Details for 5038 South Ashland Avenue

StatusActive
MLS #11998626
Days on Market80
Taxes$2,262 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1960
Lot Size0.06 AC / 2,703 SF
CountyCook County

Location

Listing Courtesy of Re/Max In The Village
Add your commute

Building Information for 5038 South Ashland Avenue

Stories-Residences2Year Built1960Lot Size0.06 AC / 2,703 SF

Payment Calculator

$1,362 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,173

Property Taxes

$189

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5038 South Ashland Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago South
  • Information: Exceptions-Call List Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • # Of Washers: 0
  • Heat/Ventilation: Forced Air
  • # Of Window/Ac: 0
  • # Of Refrigerators: 0
  • Misc Inside: Basement
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
  • Misc Outside: Enclosed Porch
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 2703.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: None
  • Roof Structure: Flat
  • Building Area Total: 3120
  • # Of Offices: 0
  • # Of Ranges: 0
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Retail, Other
  • Docks: None
  • Public Document Count: 2
  • Document Date: 2024-03-07T17:29:56
  • Photos Count: 22
Miscellaneous
  • Current Use: Commercial
  • Location: Mixed Use Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $14,400.00
  • Gross Scheduled Income: $10,000.00
  • Insurance Expense: $.00
  • Known Encumbrances: None Known
  • Total Monthly Income: 1200
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 5038 South Ashland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5038 South Ashland Avenue

Taxable ValueLand$2,566Additions$8,433Total$10,999
Tax Record2022$2,262 ($189 / month)
Home Facts
Baths4.5Total Finished SqFt3,120 SqFtAbove Grade Finished SqFt3,120 SqFtStories2Lot Size2,702 SqFtStyleMulti-Family Res (5+ Units)Year Built1927CountyCOOKAPN20-07-230-034

Schools near 5038 South Ashland Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 10 to 12
Charter - K to 8
Rating
School
Distance
Richards Career Academy High School
Public9 to 12

CICS Basil
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5038 South Ashland Avenue is a mixed use property for sale in Chicago, IL 60609. This property was listed for sale on March 11, 2024 by Re/Max In The Village, it's currently listed at $215,000. It has been on the market for a total of 80 days and was last sold on March 13, 2020. This listing's school district is City Of Chicago School District 299. Nearby schools include Chavez Elementary Multicultural Academy Center, Richards Career Academy High School and Peace And Education Coalition High School. 5038 South Ashland Avenue is a 0-bed, 0-bath, mixed use property built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max In The Village

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.