Address
4441 N Ashland Avenue, Chicago, IL
Price
$ 4,999,000
Property Attributes
  • MLS#12004422
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Uptown
  • Zip60640
  • Style
  • Year Built2024
  • Taxes$ 12340
  • Price$ 4,999,000
  • Bedrooms20
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Introducing an all new brick new construction building. Spacious apartments consisting of two duplex ups, two simplexes, and two duplex downs. Condo quality units with just shy of 10 foot ceilings, hardwood floors, quartz countertops, four fireplaces. Spa like bathrooms. Each unit with has a balcony and additional outdoor space on the building roof and garage roof. Insulated with spray foam insulation. Two parking spaces per unit(one garage, one outside). Tenants responsible for electric and gas. Asking price reflects a proforma cap rate of 5.40%. Developer offering a one year limited warranty. Pictures are of previous projects.

Price History
3/14/2024 Listed $5,100,000
4/10/2024 1% - $5,049,000
5/4/2024 1% - $4,999,000

General Features

Zoning MULTI
Construction Materials Brick,Block
Year Built 2024
Tenant Pays Air Conditioning,Electricity,Heat,Hot Water
Stories 4
Tax Year 2022
Gross Income 343200
County Cook
Net Operating Income 270280
Operating Expense 72920
Insurance Expense 6000
Property Type Commercial Sale
Status Active
Directions On the east side of Ashland. north of Montrose,south of Wilson.
City Chicago
Total Units 6
MLS Area CHI - Uptown
Street Name Ashland
Tax Annual Amount 12340
Electric Expense 720
Trash Expense 1800
Water Sewer Expense 2200
Additional Parcels Y/N No
Days on Market 56
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Foundation Details Concrete Perimeter
Lot Dimensions 50 X 150
Exterior Brick

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 60640

Price
AVG $1.59M
$5M
Taxes
AVG $15,917
$12,340
Visits
AVG 147
258
Data Provided by Inside Real Estate®
Year Built
AVG 1922
2024