1813 S Ashland Avenue Chicago, IL $ 1,200,000
1813 S Ashland Avenue
$ 1,200,000
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1813 S Ashland Avenue

Chicago, IL, 60608
$ 1,200,000
Bedrooms-- Baths-- Sq 5,904

Monthly Estimate*

$ 7,486

1813 S Ashland Avenue, Chicago, IL 60608 - Image 1
1813 S Ashland Avenue, Chicago, IL 60608 - Image 2
1813 S Ashland Avenue, Chicago, IL 60608 - Image 3
1813 S Ashland Avenue, Chicago, IL 60608 - Image 4
1813 S Ashland Avenue, Chicago, IL 60608 - Image 5
1813 S Ashland Avenue, Chicago, IL 60608 - Image 6
1813 S Ashland Avenue, Chicago, IL 60608 - Image 7

Commercial Property for sale in Chicago, IL

for $1,200,000. This 5,904 square foot building was built in 1893 on a lot size of 0.068618.

This fully renovated multifamily property presents a turn-key investment opportunity with full occupancy and strong in-place cash flow. The attractive brick building features modernized layouts with open floor plans, newly updated kitchens, and contemporary bathrooms, appealing to today's renters seeking both style and functionality. The renovations enhance the property's long-term durability while reducing near-term capital needs, offering investors peace of mind and stable operations from day one. Adding to the upside, the property includes a vacant coach house located above the rear garage. This space is primed for renovation and conversion into an additional rental unit, providing a clear path for increased income and property value. With its blend of stabilized tenancy and future growth potential, this asset offers investors a rare opportunity to acquire a well-positioned property that combines immediate returns with long-term upside.

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Commercial Active

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 11,665

Style

Lot Size

0.068618

Year Built

1893

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12506571

Features
General
Cooling Window Unit(s)
Zoning COMMR
Construction Materials Brick
Year Built 1893
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity Heat
Stories Count 3
Township West Chicago
Property Subtype Mixed Use
Tax Year 2023
Gross Income 117600
County Cook
Net Operating Income 80912
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions 18th Street & Ashland Ave south to 1813 on the East Side of the Street
City Chicago
Number Of Units Total 5
MLS Area CHI - Lower West Side
Lot Size Square Feet 2989
Tax Annual Amount 11665
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 5904
Lot Dimensions 24X125
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* Excluded Features
List By
Sperry Van Ness

Broker

angelo.labriola@svn.com

Email

Affordability Calculator

$8,459
Per Month
89%
11%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$972
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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/29/2025$1,200,000 Listed Price

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1813 S Ashland Avenue, Chicago, IL, 60608 is a Commercial Property for sale at $1,200,000 with 5,904 sqft and a lot size of 0.068618. 1813 S Ashland Avenue was built in 1893. The property's zip code is 60608 which is in Chicago, IL