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1723-1725 S Ashland Ave 12 Unit Apartment Building $2,250,000 ($187,500/Unit) Chicago, IL 60608
INVESTMENT HIGHLIGHTS
- Located on the Northeast Corner of Ashland Avenue and 18th Street.
- In a rich neighborhood situated roughly 3.5 miles from the popular Chicago Loop.
EXECUTIVE SUMMARY
KW Commercial is pleased to present, to qualified investors, the opportunity to purchase 1723-25 S Ashland Ave, Chicago. This mixed-use property, composed of eight residential units, and four commercial units, is located at the heart of Chicago’s popular Pilsen Neighborhood. The property is ideally situated on the corner of 18th St. and Ashland Avenue, in front of both 18th St. and Ashland Avenue CTA bus stops, and steps from Pilsen’s 18th St. CTA Pink Line Train Station. It is less than five minutes from Chicago’s Medical District and The University of Illinois at Chicago, and both the I-290 and I-90/94 expressways. Steps from an endless choice of restaurants and national tenants, local coffee shops and evening entertainment options, making this a perfect opportunity investment.
PROPERTY FACTS
| Price | $2,250,000 | Building Class | C |
| Price Per Unit | $187,500 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 10,300 SF |
| No. Units | 12 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2020 |
| Apartment Style | Low-Rise | ||
| Zoning | B3-2 - Shopping centers, large stores, and retail storefronts, often along major streets. Aparments permitted above ground floor. | ||
| Price | $2,250,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 10,300 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2020 |
| Zoning | B3-2 - Shopping centers, large stores, and retail storefronts, often along major streets. Aparments permitted above ground floor. |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Storage Space
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 17-20-302-044-0000 | Improvements Assessment | $154,140 |
| Land Assessment | $15,360 | Total Assessment | $169,500 |
PROPERTY TAXES
Parcel Number
17-20-302-044-0000
Land Assessment
$15,360
Improvements Assessment
$154,140
Total Assessment
$169,500
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1723-1725 S Ashland Ave
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