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1813 S Ashland Avenue Chicago, IL 60608

$1,100,000
Active / MLS# 12506571 / Commercial - Business / Chicago
0 Beds
5904 SqFt

This fully renovated multifamily property presents a turn-key investment opportunity with full occupancy and strong in-place cash flow. The attractive brick building features modernized layouts with open floor plans, newly updated kitchens, and contemporary bathrooms, appealing to today's renters seeking both style and functionality. The renovations enhance the property's long-term durability while reducing near-term capital needs, offering investors peace of mind and stable operations from day one. Adding to the upside, the property includes a vacant coach house located above the rear garage. This space is primed for renovation and conversion into an additional rental unit, providing a clear path for increased income and property value. With its blend of stabilized tenancy and future growth potential, this asset offers investors a rare opportunity to acquire a well-positioned property that combines immediate returns with long-term upside.

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Baird & Warner Kim Heller Agent Cell: 630.712.9696 Email

Property Details

Property Type: Commercial - Business
Cooling: Window Unit(s)
Lot Size: 0.07 Acres
Stories: 3.0
Taxes: $11,665
Year Built: 1893

Feature Descriptions

Electric: Circuit Breakers, Separate Meters
Exterior: Brick
Fire Protection: Fire Extinguisher/s
HVAC: Central Heat/Indiv Controls, Forced Air, Gas
Lot Dimensions: 24X125
Number of Tenant(s): 5
Parcel#: 17203080060000
Tenant Pays: Electricity, Heat
Units: 5

Location

See details and scored characteristics about this location.

Listing Office: Sperry Van Ness

Listing Office Phone: 312-676-1866



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