8551 S Ashland Ave Chicago, IL 60620
Auburn Gresham NeighborhoodEstimated payment $755/month
Total Views
5,684
4
Beds
3
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
Located on the historic Ashland Ave in sought after Auburn Gresham this mixed use building offers over 2500 sq feet and provides tremendous oppertunity for a buyer who is looking for office space while creating cash flow with the large apartment on the second floor. The building has had some major ticket items completed such as electric, roof, the main level has been framed out and can be the perfect office, shop with offsetting the income by the apartment on the second floor. The current layout has this as one large apartment but previous use has showed this as a having three apartments in the space. Reconfigure this to bring out the best space possible and create a passive investment while building equity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,194
Year Built
- Built in 1931
Parking
- 4 Parking Spaces
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 2 Units
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,225 | $7,100 | $1,350 | $5,750 |
| 2023 | $2,176 | $9,000 | $1,755 | $7,245 |
| 2022 | $2,176 | $9,000 | $1,755 | $7,245 |
| 2021 | $2,137 | $9,000 | $1,755 | $7,245 |
| 2020 | $3,194 | $12,255 | $1,755 | $10,500 |
| 2019 | $3,285 | $13,927 | $1,755 | $12,172 |
| 2018 | $3,285 | $13,927 | $1,755 | $12,172 |
| 2017 | $4,381 | $17,175 | $1,620 | $15,555 |
| 2016 | $4,101 | $17,175 | $1,620 | $15,555 |
| 2015 | $3,813 | $17,175 | $1,620 | $15,555 |
| 2014 | $3,300 | $14,730 | $1,485 | $13,245 |
| 2013 | $2,679 | $14,730 | $1,485 | $13,245 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | For Sale | $89,900 | +5.8% | -- |
| 11/18/2021 11/18/21 | Sold | $85,000 | -26.1% | $27 / Sq Ft |
| 10/18/2021 10/18/21 | Pending | -- | -- | -- |
| 09/23/2021 09/23/21 | For Sale | -- | -- | -- |
| 09/16/2021 09/16/21 | Pending | -- | -- | -- |
| 09/02/2021 09/02/21 | For Sale | $115,000 | +155.6% | $37 / Sq Ft |
| 06/06/2019 06/06/19 | Sold | $45,000 | 0.0% | $15 / Sq Ft |
| 04/29/2019 04/29/19 | Pending | -- | -- | -- |
| 03/29/2019 03/29/19 | Price Changed | $45,000 | -18.2% | $15 / Sq Ft |
| 03/14/2019 03/14/19 | For Sale | $55,000 | 0.0% | $18 / Sq Ft |
| 03/04/2019 03/04/19 | Pending | -- | -- | -- |
| 03/02/2019 03/02/19 | For Sale | $55,000 | 0.0% | $18 / Sq Ft |
| 02/26/2019 02/26/19 | Pending | -- | -- | -- |
| 02/19/2019 02/19/19 | For Sale | $55,000 | -- | $18 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $85,000 | Chicago Title | |
| Warranty Deed | $45,000 | Stewart Title | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | -- | Attorney | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $189,000 | Commercial |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12412546
APN: 20-32-315-018-0000
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