3912 N Ashland Avenue Chicago, IL $ 1,200,000
3912 N Ashland Avenue
$ 1,200,000
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3912 N Ashland Avenue

Chicago, IL, 60613
$ 1,200,000
Bedrooms-- Baths-- Sq 3,724

Monthly Estimate*

$ 7,577

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Commercial Property for sale in Chicago, IL

for $1,200,000. This 3,724 square foot building was built in 1914 on a lot size of 0.07.

3912 N Ashland Ave is a beautifully rehabbed building in Lakeview. The property is zoned mixed-use at B1-2, featuring (2) rehabbed 2br/1ba apartments on the 2nd & 3rd floor leased through spring 2027, and a ground floor that is already built out with 1.5 bedrooms and 2 baths. The ground floor has high end finishes and just recently signed a lease through 3/31/2028. There is also an ability to add a 2nd bedroom or dig down in the basement if you wanted to duplex the unit down. The roof is less than 3 years old, newer water service to the building, new ejector pump, and 2nd floor deck. This property is truly turn key and presents a fantastic opportunity for a user or investor looking to capitalize on rent growth in a high demand submarket.

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Commercial Active

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 16,404

Style

Lot Size

0.07

Year Built

1914

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12754471

Features
General
Cooling Central Air
Construction Materials Brick
Year Built 1914
Electric Separate Meters
Tenant Pays Air Conditioning Electricity Heat
Stories Count 3
Property Subtype Mixed Use
Tax Year 2025
Gross Income 104400
County Cook
Net Operating Income 75672
Operating Expense 28968
Insurance Expense 3528
Property Type Commercial Sale Mixed Use
Status Active
Directions Property is located on the west side of Ashland Ave just south of Irving Park Rd and North of Byron St.
City Chicago
Number Of Units Total 3
MLS Area CHI - Lake View
Lot Size Square Feet 2875
Tax Annual Amount 16404.39
Electric Expense 300
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1200
Standard Status Active
Cap Rate 6.31
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Exterior
Building Area Total 3724
Lot Dimensions 25x115
Lot Size Acres 0.07
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* Excluded Features
List By
Horvath & Tremblay Il, Llc

Broker

jpreston@htapartments.com

Email

Affordability Calculator

$8,944
Per Month
85%
15%
0%
Monthly Principal & Interest
$7,577
Monthly Property Taxes
$1,367
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
9/14/2026$1,200,000 Listed Price

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3912 N Ashland Avenue, Chicago, IL, 60613 is a Commercial Property for sale at $1,200,000 with 3,724 sqft and a lot size of 0.07. 3912 N Ashland Avenue was built in 1914. The property's zip code is 60613 which is in Chicago, IL