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$1,300,000

Est. payment - /mo

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8 Beds

5 Baths

Active

2442 N Ashland AVE Chicago, IL 60614

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Park Place Realty Group LLC

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

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12505170

Bedrooms 8

Year Built 1914

Annual Tax Amount $16,668

Tax Year 2023

Lot Dimensions 25X108

Property Sub-Type Two to Four Units

Property Description

This is your opportunity to assume a loan with a rate of 2.25 on a fully amortizing loan. Prime Lincoln Park four-unit property consisting of a three-unit front building and a coach house in the rear. Current rents provide room for upside, or modernize the units to boost returns further. The unfinished attic has an approximately eleven foot peak height and may offer additional expansion potential, subject to feasibility. Buyers are encouraged to consult with an architect to explore the possibilities. Secure long-term financing well below current market rates while positioning yourself for appreciation and stronger future cash flow in one of Chicago's most desirable rental markets. There is no onsite parking due to the coach house in the rear, however the property benefits from very easy and readily available unzoned street parking throughout the surrounding neighborhood.

Location

State IL

County Cook

Area Chi - Lincoln Park

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Steven Rapoport of Chicago Real Estate Resources

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106