About 2442 North Ashland Avenue
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.
Features of 2442 North Ashland Avenue
| MLS® # | 12505170 |
|---|---|
| Price | $1,300,000 |
| Bedrooms | 8 |
| Bathrooms | 5.00 |
| Acres | 0.00 |
| Year Built | 1914 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Status | New |
Community Information
| Address | 2442 North Ashland Avenue |
|---|---|
| Area | CHI - Lincoln Park |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60614 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Natural Gas, Forced Air |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Unfinished, Full |
Exterior
| Exterior | Brick |
|---|
School Information
| District | 299 |
|---|
Additional Information
| Days on Market | 4 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Chicago Real Estate Resources |
|---|---|
| Contact Info | 773-327-9300 |