1440 N Ashland

Address:
1440 N Ashland
Chicago, IL 60622
USA

Property Type: Land/Building FOR SALE

Property Description

Price:   Negotiable
Listing Type:   For Sale
Property Type:   Mixed Use / Multi-Family
Taxes:   $11,364
PIN #(s):   17-06-214-038-0000
Building Size:   5,310 Sq Ft 
Stories:   3
Basement:   Full
Zoning:   B3-2
Alderman:   Hopkins

 

Highlights:

– Vintage brick and terra cotta 3-story building originally constructed in 1871

– Legal 6-unit Mixed Use consists of 5 residential apartments and one 1st floor live/work space (700 Sq Ft retail plus 1-bedroom apartment)

– Retail storefront currently leased to Sloth Steady apparel shop through 6/2019

– High traffic location on Ashland between North & Milwaukee/Division

– Fully occupied building generates $8,065 monthly cash flow (after expenses)

– Below market rents provide buyer opportunity to raise rents to increase return

– Includes new roof and full basement with shared laundry

– All gas & electric meters separate

– Easily accessible to public transportation, located on CTA #9 Ashland bus route and just 2 blocks from Blue Line Division station / #72 North bus / #56 Milwaukee bus / #70 Division bus

– Sign on north side of building “I WANT TO BE ORDINARY” was installed by Wicker Park Chamber of Commerce as a part of the murals of Wicker Park;  was left up by owner but can be removed anytime

Zoning Designation: B3-2

Property Details

Amenities:
Size of Space for Lease: 0
Rental Cost: $0
Type of Lease:
Pass-throughs:
Monthly Cost of Utilities:
Number of Bathrooms: 0
Kitchen: No
Number of Units in Building: 6
Date Built: 1871
Number of Stories: 3
Material:
Parking Spaces Included: 0
Number of Customer Parking Spaces: 0

Leasing Company & Contact Information

Leasing Company: Miller Chicago

Leasing Company Fax:

Additional Links

http://www.millerchicagorealestate.com/1440-n-ashland-ave/