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3912 N Ashland Ave 3,750 SF 100% Leased Retail Building Chicago, IL 60613 $1,300,000 ($346.67/SF) 4.58% Cap Rate
INVESTMENT HIGHLIGHTS
- On site parking
- Individual mechanicals
- Mix of Large One and Two-Bedroom Units
- Recently renovated
EXECUTIVE SUMMARY
Introducing this incredible investment opportunity in Lakeview—a 3,724 SF, 3-unit property located at 3912 N Ashland Ave. This gem boasts a mix of spacious one and two-bedroom units, each with individual mechanicals. On-site parking provides added convenience for tenants, making this property a compelling choice for investors seeking a low-rise/garden multifamily opportunity. Recent renovations add modern appeal and offer a turnkey solution for savvy investors looking to capitalize on the thriving Chicago real estate market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,750 SF
Building Class
C
Year Built
1913
Price
$1,300,000
Price Per SF
$346.67
Cap Rate
4.58%
NOI
$59,540
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.96
Lot Size
0.09 AC
Zoning
B1-2 - Business
Parking
2 Spaces (0.53 Spaces per 1,000 SF Leased)
Frontage
25’ on Ashland Ave
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-19-208-035-0000 | Improvements Assessment | $39,500 |
| Land Assessment | $39,500 | Total Assessment | $79,000 |
PROPERTY TAXES
Parcel Number
14-19-208-035-0000
Land Assessment
$39,500
Improvements Assessment
$39,500
Total Assessment
$79,000
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3912 N Ashland Ave
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