525-527 North Ashland Avenue

Chicago, IL 60622

$1,400,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Stop and look this is a Great Investor opportunity to own a large mixed use property in a great location in West Town. Brick 2 story building with 2 pin numbers 525 N. Ashland and 527 N. Ashland. The 2 storefronts are rented and bring in total of $4,020 monthly income. The 2 residential apartments are vacant and each are 2 bedroom 2 bath units with washer/dryer set up in unit asking rent $2,500 and tenants to pay for gas and electric. Great location and great investment opportunity. Set your appointment...Stop and look this is a Great Investor opportunity to own a large mixed use property in a great location in West Town. Brick 2 story building with 2 pin numbers 525 N. Ashland and 527 N. Ashland. The 2 storefronts are rented and bring in total of $4,020 monthly income. The 2 residential apartments are vacant and each are 2 bedroom 2 bath units with washer/dryer set up in unit asking rent $2,500 and tenants to pay for gas and electric. Great location and great investment opportunity. Set your appointment to view the property today and seller here offers a financing option so have your broker inquirer. Property is close to everything Downtown, Expressways, CTA Blue Line, shops, dining, etc. This is a rare find and will be money maker for years to come. Must See! Seller does not pay for closing expenses. Property sold "As Is" Seller offers a Mortgage carryback option with 20% down payment. Great investment Opportunity reach out for more information today!
  1. Listed by Otis Lazich • Capital Investment Realty Group Inc

Property Details for 525-527 North Ashland Avenue

Area
CHI - West Town
Township
West Chicago
Zoning
OTHER
LISTING UPDATED: 09/08/2024 11:32 PM

Property Details for 525-527 North Ashland Avenue

StatusActive
MLS #12113433
Days on Market242
Taxes$20,961 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1879
Lot Size0.10 AC / 4,153 SF
CountyCook County

Building Information for 525-527 North Ashland Avenue

Stories2Residences4Year Built1879Lot Size0.10 AC / 4,153 SF

Property Information for 525-527 North Ashland Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: Chicago North
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • # Of Washers: 2
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 2
  • # Of Dryers: 2
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 23X161.2
  • Lot Size Square Feet: 4153.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Carbon Monoxide Detector(s)
  • # Of Offices: 0
  • # Of Ranges: 2
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 41
Miscellaneous
  • Location: Mixed Use Area,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $420.00
  • Fuel Expense: $.00
  • Gross Income: $98,640.00
  • Gross Scheduled Income: $98,640.00
  • Insurance Expense: $2,500.00
  • Electric Expense Source: Broker Projection
  • Known Encumbrances: None Known
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Other Expense Source: Broker Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 4220
  • Water Expense Source: Broker Projection
  • Other Expense: $100.00
  • Trash Expense: $1,680.00
  • Water Sewer Expense: $2,160.00

Property History for 525-527 North Ashland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 525-527 North Ashland Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Otis Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Golder College Prep
Charter9 to 12

Ogden Int High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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525-527 North Ashland Avenue is a mixed use property for sale in Chicago, IL 60622. This property was listed for sale on July 16, 2024 by Capital Investment Realty Group Inc, it's currently listed at $1,400,000. This listing's school district is Chicago Public Schools. Nearby schools include Otis Elementary School, Wells Community Academy High School and Golder College Prep. 525-527 North Ashland Avenue is a 0-bed, 0-bath, mixed use property built in 1879.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Capital Investment Realty Group Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/08/2024 11:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.