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5140 S Ashland Ave 12,000 SF Office Building Chicago, IL 60609 $750,000 ($62.50/SF)
Investment Highlights
- Frontage on busy Ashland Avenue
- Newer HVAC, plumbing, electrical and roof (includes 50- year transferable warranty)
- Building can be divided into a 2-tenant building or operate as a single tenant.
- 12th Ward, Alderman Julia Ramierz
Executive Summary
200' x 108' 8 city lots, 6 parcels, fully fenced and gated former bank building with parking on the north and south ends of the building. Building has a full basement.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Building Size
12,000 SF
Building Class
C
Year Built
1910
Price
$750,000
Price Per SF
$62.50
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,000 SF
Building FAR
0.55
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
B3-2 - Community Shopping District
Parking
50 Spaces (4.17 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Basement
- Central Heating
- Air Conditioning
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Numbers | Total Assessment | $144,753 (2025) | |
| Land Assessment | $48,575 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $96,178 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Numbers
Land Assessment
$48,575 (2025)
Improvements Assessment
$96,178 (2025)
Total Assessment
$144,753 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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5140 S Ashland Ave
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