$949,999
1050 N Ashland Avenue
Chicago, IL, 60622
*Multiple OFFERS. All offers DUE 3/25 @ 3PM* Discover this PRIME INVESTMENT opportunity in the heart of WEST TOWN, one of Chicago’s most sought-after and rapidly appreciating neighborhoods. This well-maintained, income-generating multi-unit building features three spacious apartments and a commercial storefront, offering endless potential for both investors and developers. Property Highlights: THREE LARGE Apartments: UNIT #1 offers TWO bedrooms, one bath, and ample storage. UNIT #2 offers THREE spacious bedrooms, TWO full baths, and a bonus room/FOURTH bedroom. Boasting over ~1,750 sq ft with a LARGE rear D/ECK. UNIT #3 offers FOUR bedrooms, one bath, and ~1,500 sq ft with a LARGE rear DECK. Units feature an open floor plan, ample natural light, CENTRAL A/C and IN-UNIT LAUNDRY, as well as, individual water heaters and meters. Finished basement features a non-conforming unit with TWO bedrooms & TWO full baths. The commercial storefront is a prime retail space, currently generating steady yearly rental income, making this property ideal for investors. Rear, secured, carport for TWO cars. This property has been thoughtfully cared for, with updates and upgrades that ensure long-term value. Tuckpointing, 2020. Roof maintenance, 2024. Situated just steps away from the Division Blue Line and convenient Ashland & Division bus routes, commuting is a breeze. Plus, the property offers close access to the 90/94 expressway, providing seamless connections to downtown Chicago and beyond. Explore the local scene with vibrant dining, shopping, and entertainment options right at your doorstep. With its prime location, income-generating potential, and future development possibilities, this multi-unit building is a must-see for any serious investor or developer looking to capitalize on the booming West Town market. Don’t miss out on this rare opportunity-schedule your viewing today! *Presented and sold AS-IS* *Multiple OFFERS. All offers DUE 3/25 @ 3PM*
Property Details
Price:
$949,999
MLS #:
MRD12316025
Status:
Active Under Contract
Beds:
10
Baths:
7
Address:
1050 N Ashland Avenue
Type:
Multi Family
Neighborhood:
CHI – West Town
City:
Chicago
Listed Date:
Mar 19, 2025
State:
IL
ZIP:
60622
Year Built:
1910
Schools
School District:
299
Elementary School:
Pritzker Elementary School
Middle School:
Pritzker Elementary School
High School:
Wells Community Academy Senior H
Interior
Heating
Natural Gas
Exterior
Exterior Features
Balcony, Patio
Parking Features
Alley Access, Enclosed, Secured, On Site, Owned
Parking Spots
2
Financial
Tax Year
2023
Taxes
$5,935
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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1050 N Ashland Avenue
Chicago, IL
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