Chicago, IL 60608 1813 S Ashland Avenue
$1,100,000



2 more


Presented By: Sperry Van Ness
Home Details
This fully renovated multifamily property presents a turn-key investment opportunity with full occupancy and strong in-place cash flow. The attractive brick building features modernized layouts with open floor plans, newly updated kitchens, and contemporary bathrooms, appealing to today's renters seeking both style and functionality. The renovations enhance the property's long-term durability while reducing near-term capital needs, offering investors peace of mind and stable operations from day one. Adding to the upside, the property includes a vacant coach house located above the rear garage. This space is primed for renovation and conversion into an additional rental unit, providing a clear path for increased income and property value. With its blend of stabilized tenancy and future growth potential, this asset offers investors a rare opportunity to acquire a well-positioned property that combines immediate returns with long-term upside.
Presented By: Sperry Van Ness
General for 1813 S Ashland Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyCook
Directions18th Street & Ashland Ave, south to 1813 on the East Side of the Street
ElectricCircuit Breakers, Separate Meters
Electric Expense
Fuel Expense
Gross Income117600
Insurance Expense
Lot Size Square Feet2989
MLS AreaCHI - Lower West Side
Net Operating Income80912
Number Of Units Total5
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount11665
Tax Year2023
Tenant PaysElectricity, Heat
TownshipWest Chicago
Trash Expense0
Water Sewer Expense0
Year Built1893
ZoningCOMMR
Exterior for 1813 S Ashland Avenue
Building Area Total5904
Lot Dimensions24X125
Additional Details
Price History

SQFT • 5,904