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1813 S Ashland Avenue

Chicago, IL 60608
  • $1,200,000
  • STATUS: Active
  • ON SITE: 109 Days
  • MLS #: 12506571
UPDATED: 132 min ago
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1893
County:
Area:

School Ratings & Info

Description

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

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© 2026 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 Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2026-02-16T13:19:08.907 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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1813 S Ashland Avenue Chicago, IL 60608

  • Price: $1,200,000
  • Status: Active
  • On Site: 109 Days
  • Updated: 132 min ago
  • MLS #: 12506571
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1893
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
This fully renovated multifamily property presents a turn-key investment opportunity with full 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.
Interior Features

Cooling Window Unit(s) Heat Ventilation Central Heat/Indiv ControlsForced AirGas Number Of Dishwashers 4 Number Of Dryers 4 Number Of Ranges 4 Number Of Washers 4

Property Features

Additional Parcels YN No Approximate Age New Rehab Building Area Total 5904 Built Before1978 YN Yes Electric Circuit BreakersSeparate Meters Fire Protection Fire Extinguisher/s Geographic Locale Chicago SouthChicago West Gross Income 117600 Gross Scheduled Income 118670 Insurance Expense 0 Mls Actual Status Active Net Operating Income 80912 Number Of Tenants 5 Property Sub Type Mixed Use Rental Price 0 Tax Annual Amount 11665 Tax Year 2023 Tenant Pays ElectricityHeat Total Monthly Income 9800 Township West Chicago Type Mixed Use Zoning COMMR

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Sperry Van Ness: 312-676-1866.


© 2026 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 Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2026-02-16T13:19:08.907 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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