614 N Ashland Avenue Chicago, IL $ 1,300,000
614 N Ashland Avenue
$ 1,300,000
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614 N Ashland Avenue

Chicago, IL, 60622
$ 1,300,000
Bedrooms-- Baths--
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Property for Rent in Chicago, IL

for $1,300,000. This property was built in 1885 on a lot size of 0.107897.

West Town Corner Lots: A Rare Canvas for Vision Opportunity meets versatility on this exceptional 47 x 100 corner double lot in the heart of super popular West Town. Zoned B3-2 with active upzoning all around, this property is a blank canvas for investors, owner-operators, and developers ready to make their mark. The first floor offers an expansive open commercial space spanning the full 47-foot width, anchored by a full kitchen built for serious use: a 6-burner Viking range, oversized double-door refrigerator/freezer, dishwasher, double oven, and microwave. The space also features AV components, including built-in ceiling speakers and a wall-mounted TV. A full bath with a shower and a separate half bath complete the main level. Below, a full basement runs under one of the buildings with laundry, generous storage, and impressive ceiling height. Step outside to a tranquil oasis: a quiet, tree-covered patio framed by potted plants and thoughtful landscaping, with direct access to the 2-car garage off Ontario Street. Upstairs, the living space delivers warmth and sophistication. A living room and dining room are flanked by exposed brick, while a chef's kitchen showcases high-end Viking appliances. The rear bedroom features an ensuite bath and opens to a private deck. The second floor runs on its own dedicated HVAC system with a separate furnace and A/C. Throughout, the building reflects smart, recent investment. The new addition was completed in 2013, the roof on the existing two-story building was replaced in 2015, and the first-floor spaces are divided by sleek sliding glass panels for flexible configuration. The possibilities are extraordinary: Keep it as is, with residential living above commercial below. Convert the first floor into storefronts (it was constructed for exactly this). Transform the upstairs into additional commercial or office space. Finish the rooftop into a showpiece outdoor space. Build up. The one-story addition was engineered with steel to support at least one additional floor. Go bigger. Rezone the two lots for greater density (as was done just a few doors down), with parking accessible off the side street. Keep it, expand it, or reimagine it entirely. In one of Chicago's most dynamic neighborhoods, this is your chance to build something remarkable.

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Rental Active

Price

$ 1,300,000

Taxes

$ 14,725

Style

Commercial

Lot Size

0.107897

Year Built

1885

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12684155

Features
General
Cooling Central Air Central Individual
Roof Membrane
Zoning COMMR
Year Built 1885
Electric Circuit Breakers
Stories Count 2
Township North Chicago
Property Subtype Mixed Use
Tax Year 2024
Current Use Commercial
Gross Income 0
Additional Parcels Description 17072150430000
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Condominium Office Multi-Family Retail
Status Active
Directions Ashland North or South to address. Corner of Ashland and Ontario
City Chicago
Number Of Units Total 2
MLS Area CHI - West Town
Lot Size Square Feet 4700
Tax Annual Amount 14725
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Virtual Tour https://real.vision/614-north-ashland-avenue?o=u
Lease Type N/A
Standard Status Active
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Exterior
Lot Dimensions 47x100
Frontage Type City Street
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* Excluded Features
List By
Spot Real Estate

Broker

mark@spot.realty

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/22/2026$1,300,000 Listed Price

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614 N Ashland Avenue, Chicago, IL, 60622 is a Property for Rent at $1,300,000 with a lot size of 0.107897. 614 N Ashland Avenue was built in 1885. The property's zip code is 60622 which is in Chicago, IL