4118 N Ashland Ave
Chicago, IL 60613
Multifamily Property For Sale · 3 Units

Positioned in the vibrant Lakeview neighborhood, this 3-unit apartment building offers a rare investment opportunity in one of Chicago’s most desirable areas. The property sits on an oversized 30 x 150 lot and features a solid brick structure with a recently installed rubber roof, ensuring long-term durability and reduced maintenance costs. A three-car garage adds significant value for tenants seeking secure parking in a bustling urban setting.
The building includes three spacious 3-bedroom, 1-bath units, complemented by a basement apartment that presents additional income potential. With projected gross annual income of $89,400, this asset is ideal for investors looking to maximize returns through stable rental streams. Located just 0.9 miles from Wrigley Field and within walking distance to the Irving Park CTA station, the property offers unmatched connectivity to Chicago’s entertainment, dining, and employment hubs.
Lakeview’s strong demographics, high household incomes, and consistent rental demand make this property a strategic acquisition. The RT-4 zoning provides flexibility for future enhancements or redevelopment, further increasing long-term value. This is an exceptional chance to secure a well-maintained, income-producing property in a prime location.