848 N Ashland Avenue Chicago, IL $ 489,000
848 N Ashland Avenue
$ 489,000
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848 N Ashland Avenue

Chicago, IL, 60622
$ 489,000
Baths0.0 Sq 2,076

Monthly Estimate*

$ 3,416

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Studio

Commercial Property for sale in Chicago, IL

for $489,000. This 2,076 square foot building was built in 1906 on a lot size of 0.063705.

Attention rehabbers owner users. This property is an exceptional opportunity for buyers looking to invest in a highly versatile and well-located piece of real estate in West Town. Comprised of two units, including a 1st floor retail space and a spacious 3-bedroom apartment on the 2nd floor, along with a basement and attic, this property offers a range of possibilities for both residential and commercial use. Additionally, brick 4-car garage in a backyard, there is ample space for additional storage or parking. The brick construction of the building lends to a timeless aesthetic, and the property has been priced for a quick sale. The previous retail tenant on the ground floor was a dentist, indicating that the space is highly adaptable for various types of businesses or services. The residential space on the upper floors could easily be modernized or updated to suit the preferences of new owners or tenants. This property is ideal for wise investors or owner-occupiers who are looking to take advantage of a rare opportunity to acquire a highly desirable piece of real estate in West Town. While the property may require some remodeling or modernization, it is being sold "As-Is", providing buyers with the freedom to make changes and improvements as they see fit. Don't miss out on the chance to own this excellent investment property!

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Commercial Active

Price

$ 489,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,838

Style

Lot Size

0.063705

Year Built

1906

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11873399

Features
General
Cooling Central Air
Possession Closing
Construction Materials Brick
Year Built 1906
Electric Service - 0 to 100 Amps
Tenant Pays Varies by Tenant
Stories 2
Property SubType Mixed Use
Tax Year 2021
Gross Income 1
County Cook
Net Operating Income 1
Insurance Expense 1800
Property Type Commercial Sale Mixed Use
Status Active
Directions Ashland N or S to 848 N Ashland
City Chicago
Total Units 2
MLS Area CHI - West Town
Lot Size Square Feet 2775
Street Name Ashland
Tax Annual Amount 9838
Electric Expense 250
Fuel Expense 150
Trash Expense 0
Water Sewer Expense 1250
Additional Parcels Y/N N
Days on Market 209
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 2076
Lot Dimensions 25X111.3
Exterior Brick
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Arc Red Inc Arc Realty Group

Broker

andy@homebybroker.com; andrew@homebybroker.com

Email

Affordability Calculator

$4,236
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,416
Monthly Property Taxes
$820
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/27/2024$489,000 -2.20% Price Down
10/31/2023$499,997 -4.49% Price Down
10/3/2023$523,499 -0.10% Price Down
9/12/2023$523,999 -0.19% Price Down
8/30/2023$525,000 Listed Price

Map


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848 N Ashland Avenue, Chicago, IL, 60622 is a Commercial Property for sale at $489,000 with 2,076 sqft and a lot size of 0.063705. 848 N Ashland Avenue is a studio with 0.0 baths and was built in 1906. The property's zip code is 60622 which is in Chicago, IL