4748 South Ashland AvenueChicago, IL 60609Price: $685,000

Introducing a prime income producing investment opportunity plus tremendous development potential in the Back of the Yards neighborhood at 4748 South Ashland Avenue - spread over 5 CITY LOTS - 124 FT of frontage on Ashland Ave & on the corner of 48th Street. This 10,984 SF, 2-story building offers a spacious & versatile layout on the 1st floor with a long-term daycare tenant + a 5,450 SF vacant, ready to build out second floor ideal for offices, medical, apartments, gym or other uses, + three vacant lots for new construction retail, parking or both. This property presents a compelling opportunity for investors seeking a strategic addition to their portfolio with huge upside development potential. With its prime location & ample space, this property is prepped to meet the demands of modern businesses. Take advantage of this rare chance to secure a valuable asset in a thriving commercial real estate market. The building was gut rehabbed from a shell & in superb condition, with all modern mechanicals. Excellent visibility & accessibility with a high walk score of 85/100. City Reinvestment Opportunity, "INVEST South/West" corridor. Potential for customization & value add potential to suit specific business needs. Ample off street parking potential for employees & visitors. Proximity to critical amenities & transportation options. -Strong potential for rental income growth &/or an owner operator. Unlimited potential offers huge development opportunity, leading to value appreciation in an upcoming neighborhood. Sellers are retiring & are pricing this to sell & way below their cost.