2438 North Ashland Avenue

Chicago, IL 60614

$1,269,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 2438 North Ashland Avenue

StatusExpired
MLS #10491573
Year Built1871
DOM123
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Lot Size-
Taxes$16,738 / year
Condo/Co-op Fees-
HOA Fees-
CountyCook County

Listing Agent

Contact Agent(s)

Property Details for 2438 North Ashland Avenue

Area
CHI - Lincoln Park
City
Chicago

Description

Turnkey investment opportunity in Lincoln Park! 2438 N. Ashland is a legal 5 unit property in the prime Lincoln Park/DePaul area. Gutted in 2007 including new electric/plumbing/individual HVAC. Featuring a front building with Four units and a rear two level coach house with. The current owner has improved the property with 3 of the 5 units recently receiving new quartz/stainless kitchens, bathrooms, new flooring and paint. New rear decks within last 18 months. Gross annual income is $111,500. Each... unit has individually metered utilities & central heat/air. The property has been very well taken care of and includes coin operated laundry onsite. Located in the Lincoln Park neighborhood, walking distance from DePaul, Brown line CTA, this is a fantastic money maker will add immediate cash flow to any portfolio.

Location

Listing Agent

  1. Sam Jenkins

    Listing Agent

    Compass

Building Information for 2438 North Ashland Avenue

Stories-Residences-Year Built1871Building Size-Lot Size-

Payment Calculator

$5,959 per month

30 year fixed, 3.51% Interest

Principal and Interest

$4,564

Property Taxes

$1,395

HOA Dues

$0

Similar Homes

Property Information for 2438 North Ashland Avenue

Property/Lot Information
    General Information
  • Property Type: Multi Family 5+
    Structure Information
  • Num Of Units: 5
  • Approx Year Built: 1871
  • Approximate Age: Older
  • Built Before 1978: Yes
    Location Information
  • Directions: Ashland north of Fullerton
    Lot Information
  • Lot Dimensions: 25X125
Lot/Land Information
    Lot/Land Information
  • Tenant Pays: Air Conditioning, Electric, Heat
Multi-Unit 2-4 Information
    Unit 1 Information
  • Num Of Bdrms: 2
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 4
  • Num Of Units: 2
  • Monthly Income: 1650
  • Monthly Income Max: $1,675
    Unit 2 Information
  • Num Of Bdrms: 2
  • Num Of Full Bthrms: 2
  • Num Of Rooms: 4
  • Num Of Units: 1
  • Monthly Income: 1800
  • Monthly Income Max: $1,800
    Unit 3 Information
  • Num Of Bdrms: 3
  • Num Of Full Bthrms: 2
  • Num Of Rooms: 5
  • Num Of Units: 2
  • Monthly Income: 1950
  • Monthly Income Max: $2,050
    Unit 4 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
Multi-Unit 5+ Information
    Building Features
  • Num Of Dishwashers: 5
  • Num Of Dryers: 2
  • Num Of Ranges: 5
  • Num Of Refrigs: 5
  • Num Of Washers: 2
  • Electrical Service: 101-200 Amps
  • Heat Ventilation: Central Heat/Indiv Controls
  • Washer/Dryer Leased: No
    Unit 5 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 6 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 7 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Income / Expense Information
  • Cap Rate Percent: 6
  • Electricity Expense: 349
  • Expense Year: 2018
  • Fuel Expense: 965
  • Gross Rent Multiplier: 12
  • Gross Rental Income: 109500
  • Net Operating Income: 82065
  • Other Expenses: 0
  • Repairs Decor Expense: 0
  • Scavenger Expense: 2219
  • Total Annual Expenses: 29435
  • Total Annual Income: 111500
  • Total Monthly Income: 9125
  • Water Expense: 2888

Property History for 2438 North Ashland Avenue

DateEvent & SourcePriceAppreciation
Dec 20, 2019Expired

MRED #10491573

Aug 20, 2019Listed (Active)

MRED #10491573

$1,269,000
Aug 20, 2019Cancelled

MRED #10459181

DateEvent & SourcePrice
12/20/2019
Expired

MRED #10491573

08/20/2019
Listed (Active)

MRED #10491573

$1,269,000
08/20/2019
Cancelled

MRED #10459181

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2438 North Ashland Avenue

Taxable ValueLand$13,500Additions$76,376Total$89,876
Tax Record2017$19,347
Home Facts
Baths5Finished Sq.Ft.4,974 SqFtStories2Lot Size2,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1886CountyCOOKAPN14304100240000

Schools near 2438 North Ashland Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Prescott Elementary SchoolPublicPK-80.2 mi
9
St Josaphat SchoolPrivatePK-80.4 mi
NR
Alphonsus Academy & Center For The ArtsPrivatePK-80.7 mi
NR
CICS BucktownCharterK-80.7 mi
NR

Prescott Elementary School

PK-8, 0.2 mi, Public

9

St Josaphat School

PK-8, 0.4 mi, Private

NR

Alphonsus Academy & Center For The Arts

PK-8, 0.7 mi, Private

NR

CICS Bucktown

K-8, 0.7 mi, Charter

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Lincoln Park
Valued for its pedestrian-friendly and culturally-rich qualities.
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