Price Reduction - New Construction
Address
4441 N Ashland Avenue, Chicago, IL
Price
$ 4,999,000
Property Attributes
- MLS#12004422
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Uptown
- Zip60640
- Style
- Year Built2024
- Taxes$ 12340
- Price$ 4,999,000
- Bedrooms20
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Introducing an all new brick new construction building. Spacious apartments consisting of two duplex ups, two simplexes, and two duplex downs. Condo quality units with just shy of 10 foot ceilings, hardwood floors, quartz countertops, four fireplaces. Spa like bathrooms. Each unit with has a balcony and additional outdoor space on the building roof and garage roof. Insulated with spray foam insulation. Two parking spaces per unit(one garage, one outside). Tenants responsible for electric and gas. Asking price reflects a proforma cap rate of 5.40%. Developer offering a one year limited warranty. Pictures are of previous projects.
| Price History | |
|---|---|
| 3/14/2024 | Listed $5,100,000 |
| 4/10/2024 | 1% - $5,049,000 |
| 5/4/2024 | 1% - $4,999,000 |
General Features
| Zoning | MULTI |
|---|---|
| Construction Materials | Brick,Block |
| Year Built | 2024 |
| Tenant Pays | Air Conditioning,Electricity,Heat,Hot Water |
| Stories | 4 |
| Tax Year | 2022 |
| Gross Income | 343200 |
| County | Cook |
| Net Operating Income | 270280 |
| Operating Expense | 72920 |
| Insurance Expense | 6000 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | On the east side of Ashland. north of Montrose,south of Wilson. |
| City | Chicago |
| Total Units | 6 |
| MLS Area | CHI - Uptown |
| Street Name | Ashland |
| Tax Annual Amount | 12340 |
| Electric Expense | 720 |
| Trash Expense | 1800 |
| Water Sewer Expense | 2200 |
| Additional Parcels Y/N | No |
| Days on Market | 56 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Lot Dimensions | 50 X 150 |
| Exterior | Brick |
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 60640
Price
Taxes
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 18, 2024 2:45 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of May 18, 2024 2:45 AM UTC
