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
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating