6848 S Ashland Ave 2,500 SF Flex Building Chicago, IL 60636 $54,999 ($22.00/SF)

Rare opportunity to acquire a mixed-use building on a high-visibility commercial corridor in Chicago. This property features approximately 2,500 SF of commercial storefront space on the first floor, previously occupied by an upscale salon complete with a private office and restroom, along with a spacious 1,800 SF three-bedroom, one-bath residential unit on the second floor.
The property sustained fire damage from an electrical fire in the upper residential unit and is being sold AS-IS, presenting an excellent value-add opportunity for investors, developers, or owner-users seeking to renovate and customize the space. The commercial storefront offers an open layout suitable for a variety of retail, office, or service-based businesses, while the upper unit provides the potential for rental income or owner occupancy after rehabilitation.
Additional features include rear parking for approximately 2–3 vehicles and excellent exposure along busy Ashland Avenue, offering strong visibility and traffic counts.
Whether you're looking to reposition a mixed-use asset, establish your business while generating residential rental income, or add a redevelopment project to your portfolio, this property offers significant upside potential in a well-traveled Chicago location.