3912 Ashland Avenue, Lake View, Chicago, Illinois 60613
$1,300,000
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For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 5 |
| Baths: | 0 |
| Year Built: | 1914 |
| Property Taxes: | $15,872 |
| Days On Market: | 10 |
| Lot Size: | 0,00 |
Description
Incredible investment opportunity in Lakeview, ideally located on bustling Ashland Avenue just minutes from premier restaurants, nightlife, shopping, and transit. This well-maintained 3-story building offers approximately 3,724 SF of net rentable space, featuring a highly flexible layout with a total of 5 bedrooms and 4 bathrooms-perfect for an investor seeking strong cash flow with value-add upside. The property is supported by extensive recent capital improvements, including a new water service installed in 2023, updated plumbing and electrical completed in 2024, and a new ejector pump added in 2025, providing a truly turnkey ownership experience with major systems already addressed. A standout feature is the non-conforming owner's unit, which delivers exceptional optionality: it can be utilized as a work/live residence, leased traditionally, or operated as a short-term rental / Airbnb to maximize revenue. Additionally, there is value-add potential through rent enhancements, including the ability for a new owner to install in-unit washer and dryers, increasing tenant demand and supporting higher market rents. Whether you're looking for stable long-term income, short-term rental upside, or a hybrid work/live setup, 3912 N Ashland Ave presents a rare chance to acquire a flexible income-producing property in one of Chicago's most in-demand neighborhoods. Gross rental income assumes owners unit is occupied and renting at $3,000 a month.
Property Specifics
| Multi-unit | |
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| 1914 | |
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| No | |
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| Cook | |
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| 12547323 | |
| 14192080350000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 14 Jan, 2026 | Listed for sale | $1,300,000 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 2875 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2026 | $15,872 |
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Listing Provided By
Star Realty & Management
