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  • 1723 South Ashland Avenue, Chicago, IL
  • 1723 South Ashland Avenue, Chicago, IL
  • 1723 South Ashland Avenue, Chicago, IL
  • 1723 South Ashland Avenue, Chicago, IL
  • 1723 South Ashland Avenue, Chicago, IL
  • 1723 South Ashland Avenue, Chicago, IL
  • 1723 South Ashland Avenue, Chicago, IL

11,800 ft²
Multifamily
$4,500,000
Sale


Manny Regalado
Manny Regalado
KW Commercial

The Space
Asking Price$4,500,000
Available Space11,800 ft²
ZoningB3-2
Dock Doors0
Year Built1930
Year Renovated2020
Construction Status0
SourceRealNex

The Building - Pilsen, Chicago

KW Commercial is pleased to present, to qualified investors, the opportunity to acquire 1723- 25 S Ashland Ave, Chicago, IL, 60608. This mixed-use building contains four commercial spaces and ten residential units which are presently being rehabbed. Located on the northeast corner of Ashland Ave. & 18th St, it hosts the view of a daily average of 35,876 vehicles. Long standing tenants hold tenancy of the commercial spaces with both city-known and national tenants. 

Pilsen is a culturally rich neighborhood situated roughly 3.5 miles southwest of Chicago’s Loop. The neighborhood of Pilsen features a diverse population mix including artists, creatives, business professionals, medical students, grad students and families. 18th Street is the main retail corridor that is home to many local cafes, local retailers, coffee shops, bodegas and restaurants. 

While Pilsen has a strong cultural presence filled with many local restaurants, several Chicago restaurants with multiple locations with critically acclaimed new chefs have opened restaurants in recent years. The property is situated approximately 1 mile from Thalia Hall, a historic landmark and neighborhood cultural arts and events center as well as a concert hall. Thalia Hall is a prime example of the ever-growing art community that Pilsen is. In addition to Thalia Hall, Pilsen is home to the National Museum of Mexican Art which attracts visitors from not only Chicago and the Midwest, but nationally and internationally as well. 

Not only are residents extremely close to downtown Chicago but they are also just west of McCormick Place, the largest convention center in North America. The property’s convenient location makes commuting around the city quite easy. 1723-25 S Ashland Avenue is one block from the CTA 18th St Pink Line Stop, 5 minutes from the Halsted/UIC Metra Train Station, five minutes from the Illinois Medical District, and in close proximity to numerous bus stops.

Property TypeMultifamily
Floors3
Building Size11,800 ft²
Lot Size4,356 ft²
ZoningB3-2
Dock Doors0
Year Built1930
Clear Height0'10"
Year Renovated2020
Construction Status0

Commercial Location Score

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Manny Regalado
Manny Regalado
KW Commercial
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