1635 North Ashland AvenueChicago, IL 60622Price: $1,100,000

  • Price: $1,100,000
  • 19 Days on Market
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Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1892Year Built

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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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Listed by Jack Doyle and Nico Krajecki of Dream Town Realty

Based on information submitted to MRED  as of August 11, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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