1813 S Ashland Ave - Apartments FOR SALE


Chicago, IL 60608- Pilsen
$1,200,000 USD
630-640-1001
1813 S Ashland Ave, Chicago, IL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

1813 S Ashland Ave
Chicago, IL 60608
Pilsen


HIGHLIGHTS

  • New Retail Lease in Place
  • In-Unit Laundry
  • Short Walk to CTA Pink Line
  • Easy Access to I-55, I-290 & I-90/94
  • Near UIC & Illinois Medical District
  • Renovated Units & Full Basement

OVERVIEW

This fully renovated multifamily property presents a turn-key investment opportunity with 100% 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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1893

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,989 SF

ZONING

B3-2

APN/PARCEL ID

17-20-308-006-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.