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2435 N Ashland Avenue

Chicago, IL 60614
  • $1,065,000
  • STATUS: Active
  • ON SITE: 92 Days
  • MLS #: 12513665
$1,065,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1889
County:
Area:

School Ratings & Info

Description

Presenting a single-tenant NNN investment opportunity in the West Lincoln Park neighborhood of Chicago. The property is 100% occupied by Mpower Energy, a well-established independent retail supplier of electricity and natural gas. They have occupied the entire building since 2019. Mpower Energy will execute a new 5-year NNN lease with little to no landlord responsibilities upon closing. The lease will include 2% annual escalations, generating a stable and growing income stream. This building sits near the highly trafficked corner of Ashland Ave & Fullerton Ave on the West side of Lincoln Park seeing +27k vehicles daily. It is also located just 0.5 miles from the DePaul University campus and 0.75 miles from I-90. The property is zoned B3-2, which allows for commercial uses on the first floor and residential uses above, giving the property flexibility for any future potential uses. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.

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© 2026 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 2026-02-07T21:07:13.96 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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2435 N Ashland Avenue Chicago, IL 60614

  • Price: $1,065,000
  • Status: Active
  • On Site: 92 Days
  • MLS #: 12513665
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1889
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Presenting a single-tenant NNN investment opportunity in the West Lincoln Park neighborhood of Chicago. The property is 100% occupied by Mpower Energy, a well-established independent retail supplier of electricity and natural gas. They have occupied the entire building since 2019. Mpower Energy will execute a new 5-year NNN lease with little to no landlord responsibilities upon closing. The lease will include 2% annual escalations, generating a stable and growing income stream. This building sits near the highly trafficked corner of Ashland Ave & Fullerton Ave on the West side of Lincoln Park seeing +27k vehicles daily. It is also located just 0.5 miles from the DePaul University campus and 0.75 miles from I-90. The property is zoned B3-2, which allows for commercial uses on the first floor and residential uses above, giving the property flexibility for any future potential uses. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.
Exterior Features

Frontage Type City Street Outdoor Parking 6-12 SpacesOpen

Interior Features

Cooling Central Air Flooring Carpet Heat Ventilation Forced AirGas Miscellaneous Inside Elevator/s PassengerPrivate Restroom/sBasement

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 2576 Built Before1978 YN Yes Current Use Commercial Electric Circuit Breakers Fire Protection None Geographic Locale Chicago North Gross Income 79856 Gross Scheduled Income 79856 Insurance Expense 0 Location Central Business DistrictCornerHigh Traffic Area Mls Actual Status Active Net Operating Income 79856 Number Of Tenants 1 Possible Use CommercialRetail Property Sub Type Mixed Use Rental Price 31 Tax Annual Amount 22358 Tax Year 2023 Tenant Pays Common Area MaintenanceTaxesInsurance Total Monthly Income 6655 Township Lake View Type Mixed Use Zoning COMMR

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass: 847-906-1872.


© 2026 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 2026-02-07T21:07:13.96 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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