Chicago, IL 60622 1435 N Ashland Avenue

Pending
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Presented By: Star Realty & Management
  • MLS# 12359734
  • 05/11/2025
  • Request Tour
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  • Beds • 14
  • SQFT • 13,420

Home Details

A rare and exceptional investment opportunity, 1435-1439 N. Ashland Ave presents an 8-unit multifamily property situated on an oversized triple lot in the heart of Wicker Park-one of Chicago's most sought-after neighborhoods. Spanning two expansive buildings, this trophy asset offers a mix of generously sized, updated apartments, each featuring private outdoor space and access to a beautifully maintained shared courtyard. The property's unit mix-(3) 2BD/1BA, (1) 2BD/2BA, (2) 3BD/2BA, (1) 3BD/3BA, and (1) 4BD/3BA-is ideal for maximizing rental income in a high-demand rental market. Notably, five of the eight units are over 1,500 square feet, providing exceptional living space rarely found in this area. Interiors include in-unit laundry, hardwood floors, granite countertops, stainless steel appliances, and individual mechanical systems, offering modern conveniences with long-term durability. Current rents are significantly below market per square foot, presenting a clear value-add opportunity through light renovations or full redevelopment. Whether you're seeking stable income, future upside, or redevelopment potential, 1435-1439 N. Ashland Ave delivers on all fronts-making it a standout investment in an A+ location.
Presented By: Star Realty & Management

General for 1435 N Ashland Avenue

Additional Parcels Y/NNo
Cap Rate6.52
CityChicago
CoolingCentral Air
CountyCook
DirectionsWest on Division, North on Ashland to property
Electric Expense1571
Fuel Expense
Gross Income328680
Insurance Expense11697
Lot Size Square Feet7776
MLS AreaCHI - West Town
MaintenanceExpense5531
ModificationTimestamp2025-06-07T08:03:49.055Z
Net Operating Income215097
Number Of Units Total8
Operating Expense54797
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition, Membrane
Standard StatusPending
StatusPending
Stories3
Tax Annual Amount23131
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
TownshipWest Chicago
Trash Expense3200
Water Sewer Expense5592
Year Built1894

Exterior for 1435 N Ashland Avenue

Building Area Total13420
BuyerOfficeFax(312) 558-1852
Foundation DetailsBlock, Brick/Mortar, Stone
Lot Dimensions72 X 108
Lot Size Acres0

Additional Details

Price History

Client Care

Price $3,300,000
MLS#12359734
List Date 05/11/2025
Property Type Pending
Phone 847.485.2500
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