2442 N Ashland Avenue Chicago, IL $ 1,250,000
2442 N Ashland Avenue
$ 1,250,000
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2442 N Ashland Avenue

Chicago, IL, 60614
$ 1,250,000
Bedrooms8 Baths5.0

Monthly Estimate*

$ 7,798

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Multi-Family Home for sale in Chicago, IL

for $1,250,000 with 8 bedrooms and 5 full baths. This home was built in 1914.

Call for offers by 5:00 PM 12/12. 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.

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Multi-Family Active

Price

$ 1,250,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 24,511

Style

Year Built

1914

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12505170

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Construction Materials Brick
Year Built 1914
Township Lake View
Tax Year 2024
Ownership Fee Simple
Gross Income 111480
County Cook
Net Operating Income 76829
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 20
Status Active
Directions Ashland west side of street just south of Altgeld
City Chicago
High School District 299
MLS Area CHI - Lincoln Park
Tax Annual Amount 24511
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 8
Total Baths 5
Bedrooms Possible 8
Full Baths Building 5
Half Baths Building 0
Total Number of Units 4
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Exterior
Water Source Lake Michigan
Total Parking 0
Lot Dimensions 25X108
Waterfront Y/N N
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* Excluded Features
List By
Chicago Real Estate Resources

Broker

stevenr@crer.com

Email

Affordability Calculator

$9,841
Per Month
79%
21%
0%
Monthly Principal & Interest
$7,798
Monthly Property Taxes
$2,043
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/3/2025$1,250,000 -3.85% Price Down
10/27/2025$1,300,000 Listed Price

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2442 N Ashland Avenue, Chicago, IL, 60614 is a Multi-Family Home for sale at $1,250,000. 2442 N Ashland Avenue has 8 bedrooms, 5.0 baths, and was built in 1914. The property's zip code is 60614 which is in Chicago, IL