Essex Tapped To Sell Auburn Gresham Value-Add Opportunity

May 26, 2022

Chicago, IL – Essex Realty Group, Inc. has been selected to exclusively market for sale 8000 S. Ashland Avenue in Chicago’s Auburn Gresham neighborhood. Auburn Gresham is part of the city of Chicago’s Invest South/West Initiative, a plan to funnel more than $750 million in public funding into 10 communities located across Chicago south and west side.

Situated on the corner of Ashland and 80th Street, 8000 S. Ashland Avenue is a mixed-use property comprised of six retail spaces and 16 apartment units, a mix of studio and one-bedroom floorplans. Approximately 80% of the units have been recently updated and include new appliances in the kitchen and hardwood floors throughout. Recent capital improvements include a new boiler, new water heater and new roof. The property is located just one block south of the 79th Street corridor, a popular commercial stretch. 8000 S. Ashland Avenue presents a value-add opportunity and is listed at $1,300,000 by Essex director Brian Mond.

Essex is active in Auburn Gresham. Last year, Mond sold a similar property located across the street at 7959 S. Ashland Avenue.

Tagged in this post: Brian Mond