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$699,000

Est. payment - /mo

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2,844 SqFt

Active

1532 N Ashland AVE Chicago, IL 60622

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,844 sqft

Price per Sqft $245

MLS Listing ID 12383131

Year Built 1932

Annual Tax Amount $979

Tax Year 2023

Lot Dimensions 22 X 83

Property Sub-Type Mixed Use

Property Description

4 UNIT OPPORTUNITY IN THE PRIME WICKER PARK/BUCKTOWN AREA! Brick, Mixed Use Building with 3 residential apartments - 1/1 each, 1 commercial storefront that operated as a pick up/drop off cleaners by the seller for over 40 years, 2 car attached garage, full unfinished basement with very high ceilings, an expansive patio/rooftop deck/sundeck. Family occupied building, so rents are well below market and ready for new owner to maximize revenue and value on this great investment via stabilization and strategic improvements! This is a no brainer for a savy investor looking to maximize the location, rental demand and the potential! Priced like a 2 unit. Cash or Reno Financing ONLY, Lis Pendens from the City of Chicago Case#20231401774, seller has an estimate of approximately $68K for the masonry work, permits applied for; however, seller chose to let the new owner decide the work to be done as part of their own reno plan. Scafolding already in place, permits and violations will transfer with sale. Sold AS IS WHERE IS. Neither seller, seller's agent or seller's brokerage make any respresentations, warranties or guarantees expressed or implied. Conduct independent due diligence. 48 hour notice to view required, POF/PRE APPROVED BUYERS. 1. "AS IS" Appraisal on hand in the $600's 2. No Seller Financing 3. ARV Estimates for a "face lift" $1.2M-$1.4M 4. Duplexing with Rooftop deck and AIR BNB estimates much higher. 5. Across from the Kennedy RoofTop Deck 6. Multi-Level New Construction also a block away $$$$$$$ 7. Walking distance to the Blue line Division or Damen Stop. 8. Walking distance to the Clybourn Metra stop 9. Easy access to the North Ave Kennedy Expressway.

Location

State IL

County Cook

Area Chi - West Town

Zoning COMMR

Interior

Cooling Window Unit(s)

Flooring Varies, Vinyl, Wood, Other

Fireplace N

Exterior

Utilities Available Electricity Available, Natural Gas Available, Water Available, Cable Available

Building

Dwelling Type Mixed Use

Sewer Storm Sewer

Water Municipal Water

Structure Type Brick,Concrete

Listed by Magdalane Marcol of eXp Realty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106