2442 N Ashland Ave
Chicago, IL 60614
$1,300,000
Price
Sq. Ft.
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Request the Offering Memorandum for 2442 N Ashland Ave Chicago, IL 60614

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Executive Summary

No need to wait for interest rates to come down. This is your opportunity to assume a 2.25% fully amortizing loan on a 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 Location

Chicago » 60614 » 2442 N Ashland Ave

Property Details

Status Active
Listing Type For Sale
Property Type Multifamily
Price $1,300,000
Residential Unit Mix 4

Broker Contact

Steven Rapoport, CCIM

Mobile: (847) 863-2707

Office: (773) 327-9300

Email: StevenR@crer.com

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