5225 S. Ashland is a 4-unit mixed-use building located in Chicago's up & coming Back-of-the-Yards neighborhood. This asset has an in-place cap rate of 7.2 (pro forma cap is 15), is composed of 3 BIG apartments (1 x 2/1 & 2 x 3/2s), 1 Store and has a lease thru February 2027 and plenty of rental upside. Hungry? Sustenance at Aldi & Mariano's are just 10 & 13 minutes away respectively. Need to get back to the office? The CTA's Roosevelt & Western station is a 12-minute walk from your front door. Need to get out of Dodge? The Eisenhower Expressway is a 4-minute drive due North. 16th Ward Alderman Stephanie Coleman runs the show. Information deemed reliable, but not guaranteed. Use diligence.
MLS# | 12222131 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Active |
Year | 1920 |
Days On Site | 63 |
Listing Provided By | Chicago Real Estate Authority | Scott Siegel |
Story(s) | 3 |
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Units | 4 |
Zoning | COMMR |
State | IL |
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County | Cook |
City | Chicago |
Zip Code | 60609 |
Area | CHI New City |
Listing VS Median (in 60609) | |
Price: $409,900 low | high Med: $215,000 On Site: 63 low | high Med: 134.000000 |