Essex Realty Group, Inc. has been exclusively engaged to market for sale, 7959 S. Ashland Avenue, a 20 unit property in the Auburn Gresham neighborhood, located just 20 minutes south of Downtown Chicago. The mixed-use property is an outstanding vintage corner building boasting of historic architecture and grandeur.

This value-add property has a unit mix comprised of five (5) 2 bed / 1 bath, seven (7) 1 bed / 1 bath, & four (4) studio apartments. There are an additional four (4) retail units on main level, each with one bathroom.
Units feature hardwood floors, wood cabinets, granite & laminate countertops, white appliances, refreshed bathrooms, and spacious living areas. The Common-ways and stairs are original marble which adds a historic Chicago touch.

Auburn Gresham, also known as Gresham, is a historic neighborhood of Chicago that has been introduced to some major landmark investments. There are a few architectural projects in development as well as the City of Chicago’s Invest South / West Initiative. This neighborhood has seen great economic upside in the last few years and continues to grow with more and more investment.

Transit is made extremely easy as this neighborhood is surrounded by 2 separate Metra Services, major CTA Bus Lines, the Red Line, as well as the Dan Ryan Expressway. Commuters coming to and from downtown have ease of transportation while living here.

• Value-Add
• Stabilized 12.54% Cap Rate
• New Roof - 2020
• New Boiler -2019
• Excellent Location With Neighborhood Investments
• Well Maintained Original Chicago Architecture
• Close to Multiple Modes of Transportation