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1466 N Ashland Avenue

Chicago, IL 60622
  • $1,050,000
  • STATUS: Active Under Contract
  • ON SITE: 94 Days
  • MLS #: 11874481
Under Contract
UPDATED: 129 min ago
$1,050,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1916
County:

School Ratings & Info

Description

Situated in a highly sought-after area, this property benefits from a location that's known for its strong rental demand. This property offers the versatility of 5 apartments and a restaurant. This is an extremely solid VALUE ADD OPPORTUNITY. Apartments utilities are separated and tenants pay their own. A smart investor will easily be able to turn this into a $1.6M+ property at a 6 Cap Rate. There are minimal upfront costs and the big ticket items are recently done.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-09T23:57:36.503 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1466 N Ashland Avenue Chicago, IL 60622

  • Price: $1,050,000
  • Status: Active Under Contract
  • On Site: 94 Days
  • Updated: 129 min ago
  • MLS #: 11874481
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1916
Built
Neighborhood:
Chi - West Town
County:
Cook
Area:
Chi - West Town
Property Description
Situated in a highly sought-after area, this property benefits from a location that's known for its strong rental demand. This property offers the versatility of 5 apartments and a restaurant. This is an extremely solid VALUE ADD OPPORTUNITY. Apartments utilities are separated and tenants pay their own. A smart investor will easily be able to turn this into a $1.6M+ property at a 6 Cap Rate. There are minimal upfront costs and the big ticket items are recently done.
Exterior Features

Exterior Building Type Brick Parking Total 0

Interior Features

Basement Cellar Heat Ventilation Forced AirIndividual Furnaces Miscellaneous Inside Employee KitchenStorage Inside

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4230 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Gross Income 146400 Gross Scheduled Income 146400 Insurance Expense 5500 Maintenance Expense 3000 Mls Actual Status Contingent Net Operating Income 111483 Operating Expense 34917 Tax Annual Amount 19017 Tax Year 2021 Total Monthly Income 12200 Township West Chicago Type Multi Family 5+ Zoning Commr

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass: 773-466-7150.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-09T23:57:36.503 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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