8551 S Ashland Ave

Off Market

8551 S Ashland Ave

Chicago IL 60620

Multi-Family

Last sold for $89,901

Ryan Smith, last sold this property on 01 October 2026 after 1645 days on market.

Overview

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!

Features

4 bedrooms

3 bathrooms

4 carspaces

Multi-Family

Estimated Value

Based on this property and similar 4 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 8551 S Ashland Ave is $217.5k.

Median value

$217.5k

Estimated value range

$89.9k - $405k

Median days on market

Estimated value trend

-13%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 8551 S Ashland Ave

2026

Sold

$89,901

01 Oct 2026 by Ryan Smith, of RE/MAX

2021

Sold

$85,000

18 Nov 2021 by Kimberly Brown, of Baird & Warner

2019

Sold

$45,000

06 Jun 2019 by Cheryl Chalmers, of Charles Rutenberg Realty

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.

Local market activity for 4 bedroom multi families in Chicago

In the last 12 months, 21 four-bedroom multi families similar to 8551 S Ashland Ave, have been sold.

This represents a 15% decrease in four-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Chicago for a market analysis.

Debbie Davis

at Debbie Davis

(3 reviews)

Get a market analysis

Carmelo Pimentel

(36 reviews)

Get a market analysis

Sebastian J Hernandez

at Baird & Warner

(113 reviews)

Get a market analysis

Michael Daniels

at Coldwell Banker Realty

(10 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Chicago

Debbie Davis

Debbie Davis is a recommended agent for Chicago. They have 3 local sales and collected 1 local review across the last 12 months.

5 (3 reviews)
1 Review in Chicago
3 Sales in Chicago

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Carmelo Pimentel

Carmelo Pimentel is a recommended agent for Chicago. They have 1 local sale and collected 1 local review across the last 12 months.

5 (36 reviews)
1 Review in Chicago
1 Sale in Chicago

View profile

Sebastian J Hernandez

Sellers who recommend Sebastian J Hernandez have praised them for being clear communication, responsive, local expert, patient, reliable, supportive, and attentive