Chicago, IL 60622 1532 N Ashland Avenue

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Presented By: eXp Realty
  • MLS# 12383131
  • 06/21/2025
  • Request Tour
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  • SQFT • 2,844

Home Details

4 UNIT VALUE ADD OPPORTUNITY IN THE PRIME WICKER PARK/BUCKTOWN AREA! Brick, Mixed Use Building with 3 residential apartments - 1/1 each, 1 commercial storefront that operated as a pick up/drop off cleaners by the seller for over 40 years, 2 car attached garage, full unfinished basement with very high ceilings, an expansive patio/rooftop deck/sundeck. Family occupied building, so rents are well below market and ready for new owner to maximize revenue and value on this great investment via stabilization and strategic improvents! Cash or Reno Financing ONLY, Lis Pendens from the City of Chicago Case#20231401774, seller has an estimate of approximately $68K for the masonry work, permits applied for; however, seller chose to let the new owner decide the work to be done as part of their own reno plan. Scafolding already in place, permits and violations will transfer with sale. Sold AS IS WHERE IS. Neither seller, seller's agent or seller's brokerage make any respresentations, warranties or guarantees expressed or implied. Conduct independent due diligence. 48 hour notice to view required, POF/PRE APPROVED BUYERS.
Presented By: eXp Realty

Interior Features for 1532 N Ashland Avenue

Other Interior Features

FlooringVaries, Vinyl, Wood, Other

General for 1532 N Ashland Avenue

Additional Parcels Y/NNo
Cap Rate5.38
CityChicago
Construction MaterialsBrick, Concrete
CoolingWindow Unit(s)
CountyCook
Directions1 block south of North Ave on Ashland, to 1532 N Ashland. Building is on the south west corner of Pierce and Ashland.
ElectricCircuit Breakers, Separate Meters, Other
Electric Expense250
Fuel Expense
Gross Income45960
Insurance Expense5000
Lease TypeN/A
Lot Size Square Feet1826
MLS AreaCHI - West Town
ModificationTimestamp2025-07-25T16:20:01.864Z
Net Operating Income38981
Number Of Units Total4
Operating Expense6979
PossessionClosing, Negotiable, Tenant's Rights
Possible UseCommercial, Multi-Family, Retail
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
SewerStorm Sewer
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount979.25
Tax Year2023
Tenant PaysElectricity, Heat
Trash Expense0
UtilitiesElectricity Available, Natural Gas Available, Water Available, Cable Available
Virtual TourClick here
Water Sewer Expense500
Year Built1932
ZoningCOMMR

Exterior for 1532 N Ashland Avenue

Building Area Total2844
Foundation DetailsConcrete Perimeter, Pillar/Post/Pier
Frontage TypeCity Street, Public Road
Lot Dimensions22 X 83
Water SourceMunicipal Water

Additional Details

Price History

Client Care

Price $725,000
MLS#12383131
List Date 06/21/2025
Property Type Commercial
Phone 847.485.2500
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