Address
1725 S Ashland Avenue, Chicago, IL
Price
$ 2,900,000
Property Attributes
  • MLS#11934031
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Lower West Side
  • Zip60608
  • Style
  • Year Built1930
  • Taxes$ 24982
  • Price$ 2,900,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.09573 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Pleased to present, to qualified investors, the opportunity to acquire 1723- 25 S Ashland Ave, Chicago, IL, 60608. This renovated Mixed-Use building contains four commercial spaces and 9 residential units. Units contain forced heat and air, high ceilings, and residential modern finishes. Located on the northeast corner of Ashland Ave. & 18th St., it is perfectly positioned as it is viewed daily by an average of 35,876 vehicles. It sits at the stop of bot 18th St. and Ashland CTA buses, and is steps from the 18th St. CTA Pink Line. KEY DETAILS: - Located On The Northeast Corner of Ashland Ave. & 18th St. - Present Updating To Nine Residential Units - Four Commercial Spaces - Long-Term Commercial Spaces - Low Expenses - CTA Public Transportation Bus Stops For Both Ashland Ave. & 18th St. Located At The Front Steps Of The Property - Steps from the CTA 18th St. Pink Line Stop - Located At The Heart of Pilsen, and The Entry To East Pilsen - 35,876 Average Daily Traffic At The Intersection Of Ashland Ave. & 18th St.

Price History
11/20/2023 Listed $3,200,000
5/14/2024 10% - $2,900,000

General Features

Zoning COMMR
Year Built 1930
Tenant Pays Electricity,Heat
Stories 3
Tax Year 2021
Gross Income 264336
County Cook
Net Operating Income 207358
Operating Expense 56978
Insurance Expense 12664
Property Type Commercial Sale
MaintenanceExpense 6607
Status Active
Directions Located on the northeast corner of Ashland Ave. & 18th St.
City Chicago
Total Units 13
MLS Area CHI - Lower West Side
Lot Size Square Feet 4170
Street Name Ashland
Tax Annual Amount 24982
Electric Expense 2982
Fuel Expense 7229
Water Sewer Expense 2514
Additional Parcels Y/N No
Days on Market 183
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 49X85

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60608

Price
AVG $780K
$2.9M
Taxes
AVG $9,203
$24,982
Visits
AVG 149
424
Data Provided by Inside Real Estate®
Year Built
AVG 1903
1930
Walkscore
AVG 93
95
Data Provided by Walkscore® not using MLS data