Chicago, IL 60614 2442 N Ashland Avenue

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Presented By: Chicago Real Estate Resources
  • MLS# 12505170
  • 10/27/2025
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  • Beds • 8
  • Baths • 5

Home Details

This is your opportunity to assume a loan with a rate of 2.25 on a fully amortizing loan. Prime Lincoln Park four-unit property consisting of a three-unit front building and a coach house in the rear. Current rents provide room for upside, or modernize the units to boost returns further. The unfinished attic has an approximately eleven foot peak height and may offer additional expansion potential, subject to feasibility. Buyers are encouraged to consult with an architect to explore the possibilities. Secure long-term financing well below current market rates while positioning yourself for appreciation and stronger future cash flow in one of Chicago's most desirable rental markets. There is no onsite parking due to the coach house in the rear, however the property benefits from very easy and readily available unzoned street parking throughout the surrounding neighborhood.
Presented By: Chicago Real Estate Resources

Interior Features for 2442 N Ashland Avenue

Bedrooms

Bedrooms Possible8
Total Bedrooms8

Bathrooms

Full Baths Building5
Half Baths Building
Total Baths5

Other Interior Features

BasementUnfinished, Full
Total Number of Units4

General for 2442 N Ashland Avenue

CityChicago
Construction MaterialsBrick
CountyCook
DirectionsAshland west side of street just south of Altgeld
Elementary School District299
Gross Income105600
HeatingNatural Gas, Forced Air
High School District299
MLS AreaCHI - Lincoln Park
Middle/Junior School District299
ModificationTimestamp2025-11-02T05:07:31.739Z
Net Operating Income78792
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount16668
Tax Year2023
Total Rooms20
TownshipLake View
Year Built1914

Exterior for 2442 N Ashland Avenue

Lot Dimensions25X108
Total Parking
Water SourceLake Michigan
Waterfront Y/NNo

Additional Details

Price History

Client Care

Price $1,300,000
MLS#12505170
List Date 10/27/2025
Property Type Multi-Family
Phone 847.485.2500
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