Contacts

Scott Siegel, MBA

CHICAGO REAL ESTATE AUTHORITY

Property Details

Property Type Mixed Use
Property Size 3,575 SF
Lot Size 0.06 Acre
Cap Rate % 7.2
Rental Income / YR $53,700.00
NOI / YR $38,755.00
Additional Rent Contact for pricing
# of Floors 3
Property Tenancy Multi-Tenant
Year Built 1920
Year Renovated 2015
Date Updated Oct 22, 2024

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.

All 3 residential units are recently remodeled and are significantly under-leased, giving the astute investor additional rental upside. Fully stabilized cap rate should be at least 12%!! Presumes FMR for 3/2 units of $1,800/month

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Getting around

65/100
Walk Score ®
58/100
Transit Score ®
58/100
Bike Score ®

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Location

City Chicago, IL
Neighborhood Back of the Yards
Zip Code 60609
Market Chicago

Points of Interest

Western

1.11 miles
Halsted

1.70 miles
Garfield

1.73 miles
Kedzie

2.10 miles
Ashland

2.82 miles
35th-Bronzeville-IIT

3.04 miles
35th-Bronzewille-IIT (34th Street Entrance)

3.09 miles
Pulaski

3.10 miles
55th-56th-57th Street

3.97 miles
UIC-Halsted (Morgan Street)

5.35 miles

Amstar

0.37 miles
Clark

0.58 miles
Citgo

0.62 miles
Marathon

0.92 miles
Food 4 Less

0.95 miles
BP

0.96 miles
GoLo

0.97 miles
ChargePoint

3.13 miles
EVgo

4.60 miles
eVgo

4.67 miles

Western Park & Ride

1.16 miles
Ashland/63rd Park & Ride

1.42 miles
Kedzie Park & Ride

2.18 miles
35th/Archer Park & Ride

2.30 miles
Lot L

2.33 miles
Garfield Park & Ride

2.36 miles
Lot F

2.43 miles
VIP Lot E

2.54 miles
Tailgate Lot

2.56 miles
VIP Lot D

2.59 miles

The Polo Inn

2.51 miles
Amber Inn Motel

2.74 miles
Benedictine Bed and Breakfast

2.75 miles
Carlton Inn Midway

3.00 miles
Best Motel

3.00 miles
The Study at the University of Chicago

3.68 miles
Wyndham Chicago McCormick Hotel

3.74 miles
Sophy Hotel

3.76 miles
Hyatt Place Chicago-South/University Medical Center

3.91 miles
SpringHill Suites Chicago Chinatown

3.92 miles

Supermercado El Gurero

0.69 miles
ALDI

0.74 miles
Marshalls

0.81 miles
Forman Mills

1.07 miles
Fairplay Foods

1.21 miles
Go Green Community Fresh Market

1.42 miles
Mi Mexico

1.53 miles
Save-A-Lot

1.55 miles
Supermercado El Guero

2.12 miles
TJ Maxx

2.14 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.