Address
1813 S Ashland Avenue, Chicago, IL
Price
$ 1,275,000
Property Attributes
- MLS#11974251
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Lower West Side
- NeighborhoodLower West Side
- Zip60608
- Style
- Year Built1893
- Taxes$ 11372
- Price$ 1,275,000
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
1813 S. Ashland is a five (5) unit building in Chicago's historic Pilsen Neighborhood. An attractive location for tenants, this particular property sits steps away from 18th Street, home to some of Chicago's most underrated restaurants. Located one block from the 18th/Paulina Station, the property provides quick and easy transit via pubic transportation to Chicago's Downtown. 1813 S. Ashland is comprised of four (4) 2Bd/1Ba and one (1) Retail space. Highlights include modern finishes with LVP flooring, along with updated mechanical systems. Additionally, the property has in-unit laundry machines and exposed brick walls, making it extremely marketable to potential tenants. 1813 S. Ashland presents an investor with the opportunity to raise rents increasingly through a value-add approach to new ownership. In doing so, its new owner will realize a boosted cap rate and net operating income.
| Price History | |
|---|---|
| 2/29/2024 | Listed $1,275,000 |
General Features
| Year Built | 1893 |
|---|---|
| Tenant Pays | Electricity,Heat,Sewer |
| Stories | 3 |
| Tax Year | 2022 |
| Gross Income | 115200 |
| County | Cook |
| Net Operating Income | 76571 |
| Operating Expense | 35173 |
| Insurance Expense | 5000 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 2125 |
| Status | Active |
| Directions | Heading West on W Cermak Road,turn right onto S Ashland Ave,heading five blocks north,where the property sits on the right hand side six buildings in. |
| City | Chicago |
| Total Units | 5 |
| MLS Area | CHI - Lower West Side |
| Street Name | Ashland |
| Tax Annual Amount | 11372 |
| Electric Expense | 986 |
| Fuel Expense | 3871 |
| Trash Expense | 592 |
| Water Sewer Expense | 1523 |
| Additional Parcels Y/N | No |
| Days on Market | 44 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 23' X 182 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60608
Price
Taxes
Visits
Year Built
