Address
3912 N Ashland Avenue, Chicago, IL
Price
$ 1,200,000
Property Attributes
  • MLS#12754471
  • TypeCommercial
  • Listing Status Active
  • CountyCOOK
  • CityChicago
  • AreaCHI - Lake View
  • NeighborhoodLake View
  • Zip60613
  • Style
  • Year Built1914
  • Taxes$ 16404
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3724
  • Lot Size0.07 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

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.

Price History
9/14/2026 Listed $1,200,000

General Features

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
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
Water Sewer Expense 1200
Standard Status Active
Property Type Mixed Use
Cap Rate 6.31

Exterior Features

Building Area Total 3724
Lot Dimensions 25x115
Lot Size Acres 0.07

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60613

Price
AVG $100K
$1.2M
Taxes
AVG $20,289
$16,404
Year Built
AVG 1932
1914
Visits
AVG 466
21
Data Provided by Inside Real Estate®