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1635 N Ashland Avenue

Chicago, IL 60622
  • $1,100,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 11477346
$1,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1892
County:

School Ratings & Info

Description

Phenomenal opportunity for a 3 unit mixed use brick building on Ashland near North Ave in the Bucktown/Wicker Park area. First floor offers an entirely updated commercial space w/ half bathroom and open floor plan just rented to a massage spa for the next 5 years with rent increases throughout the term. Second floor offers a 2 bed, 1 bath apartment with in-unit W/D and updates to the kitchen and bathroom with a one year lease ending May 2023. Top floor duplex up offers a 4 bed, 2 bath apartment with large bedrooms, good sized bathrooms, in-unit W/D, two fireplaces and potential for value add with a current lease that expires in March 2023. Potential for owner occupant with room to add bedroom/living room space and reconfigure layout or utilize the highly desired area and collect rents. High CAP rate for the area with room to maximize income. 25x103 lot with C1-2 zoning on high visibility Ashland Ave. Great location near public transportation, highways, schools, entertainment and all that Bucktown/Wicker Park has to offer.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-08-09T23:58:28.887 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1635 N Ashland Avenue Chicago, IL 60622

  • Price: $1,100,000
  • Status: Active
  • On Site: 12 Days
  • MLS #: 11477346
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1892
Built
Neighborhood:
Chi - West Town
County:
Cook
Area:
Chi - West Town
Property Description
Phenomenal opportunity for a 3 unit mixed use brick building on Ashland near North Ave in the Bucktown/Wicker Park area. First floor offers an entirely updated commercial space w/ half bathroom and open floor plan just rented to a massage spa for the next 5 years with rent increases throughout the term. Second floor offers a 2 bed, 1 bath apartment with in-unit W/D and updates to the kitchen and bathroom with a one year lease ending May 2023. Top floor duplex up offers a 4 bed, 2 bath apartment with large bedrooms, good sized bathrooms, in-unit W/D, two fireplaces and potential for value add with a current lease that expires in March 2023. Potential for owner occupant with room to add bedroom/living room space and reconfigure layout or utilize the highly desired area and collect rents. High CAP rate for the area with room to maximize income. 25x103 lot with C1-2 zoning on high visibility Ashland Ave. Great location near public transportation, highways, schools, entertainment and all that Bucktown/Wicker Park has to offer.
Exterior Features

Exterior Building Type Brick Frontage Type City Street Parking Total 2

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Miscellaneous Inside Multi-Tenant Number Of Dishwashers 2 Number Of Dryers 2 Number Of Ranges 2 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Electric Circuit Breakers Fire Protection Alarm MonitoredAlarm On SiteCarbon Monoxide Detector(S) Geographic Locale Chicago West Gross Income 92400 Gross Scheduled Income 92400 Insurance Expense 4500 Location Central Business DistrictMixed Use Area Mls Actual Status Active Net Operating Income 71356 Number Of Tenants 3 Operating Expense 21044 Ownership Types Limited Liability Corp Rental Price 0 Tax Annual Amount 16544 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatSewer Total Monthly Income 7700 Township West Chicago Type Mixed Use Utilities Electric To SiteGas To SiteWater-MunicipalWater To Site Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Dream Town Realty.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-08-09T23:58:28.887 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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