Chicago, IL 60614 2435 N Ashland Avenue
$960,000



9 more









Presented By: Compass
Home Details
Presenting a single-tenant Absolute NNN investment opportunity in the West Lincoln Park neighborhood of Chicago. The property is 100% occupied by Mpower Energy, a well-established independent retail supplier of electricity and natural gas. They have occupied the entire building since 2019. Mpower Energy will execute a new 5-year Absolute NNN lease with no landlord responsibilities upon closing. The lease will include 2% annual escalations, generating a stable and growing income stream. This building sits near the highly trafficked corner of Ashland Ave & Fullerton Ave on the West side of Lincoln Park seeing +27k vehicles daily. It is also located just 0.5 miles from the DePaul University campus and 0.75 miles from I-90. The property is zoned B3-2, which allows for commercial uses on the first floor and residential uses above, giving the property flexibility for any future potential uses. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.
Presented By: Compass
Interior Features for 2435 N Ashland Avenue
Other Interior Features
FlooringCarpet
General for 2435 N Ashland Avenue
Additional Parcels Y/NNo
Assoc Fee Paid PerNot Applicable
Cap Rate7.5
CityChicago
CoolingCentral Air
CountyCook
Current UseCommercial
DirectionsOn Ashland Ave North of Fullerton Ave
ElectricCircuit Breakers
Electric Expense
Fuel Expense
Gross Income79856
Insurance Expense
Leasable Area2576
Lease TypeNet
Lot Size Square Feet2034
MLS AreaCHI - Lincoln Park
Net Operating Income79856
Number Of Units Total1
Property SubtypeNeighborhood Storefront
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount28227.75
Tax Year2024
Tenant PaysCommon Area Maintenance, Janitorial Service, Taxes, Insurance, Repairs, Roof, Structure, Sewer, All Utilities
TownshipLake View
Trash Expense0
UtilitiesElectric to Site, Natural Gas Available, Sewer Connected, Water Available
Virtual TourClick here
Water Sewer Expense0
Year Built1889
ZoningCOMMR
Exterior for 2435 N Ashland Avenue
Building Area Total2576
Frontage TypeCity Street, Alley Access
Lot Dimensions25 x 83
Water SourceMunicipal Water
Additional Details
Price History

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