2442 Ashland Avenue, Lincoln Park, Chicago, Illinois 60614
$1,300,000
|
For Sale
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1914 |
| Property Taxes: | $16,668 |
| Days On Market: | 2 |
| Lot Size: | 0,00 |
Description
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.
Property Specifics
| Multi-unit | |
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| 1914 | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| — | |
| 12505170 | |
| 14304100220000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 16 Feb, 2022 | Sold | $790,000 | MRED MLS |
| 5 Dec, 2021 | Under contract | $829,000 | MRED MLS |
| 1 Nov, 2021 | Listed for sale | $829,000 | MRED MLS |
| 27 Oct, 2025 | Listed for sale | $1,300,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| 25X108 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $15,634 |
| 2025 | $16,668 |
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Listing Provided By
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