6848 S Ashland Avenue, Chicago, IL

About 6848 S Ashland Avenue

Rare opportunity to acquire a mixed-use building on a high-visibility commercial corridor in Chicago. This property features approximately 3,000 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

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