1435 N Ashland Avenue
Chicago, IL, 60622
$3,300,000
Beds
0 Baths
13,420 SqFt
0 Acres
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$3,300,000
1435 N Ashland Avenue
Chicago, IL, 60622
MLS #MRD12359734 img 0MLS #MRD12359734 img 1MLS #MRD12359734 img 2MLS #MRD12359734 img 3MLS #MRD12359734 img 4MLS #MRD12359734 img 5MLS #MRD12359734 img 6MLS #MRD12359734 img 7MLS #MRD12359734 img 8MLS #MRD12359734 img 9MLS #MRD12359734 img 10MLS #MRD12359734 img 11MLS #MRD12359734 img 12MLS #MRD12359734 img 13MLS #MRD12359734 img 14MLS #MRD12359734 img 15MLS #MRD12359734 img 16MLS #MRD12359734 img 17MLS #MRD12359734 img 18MLS #MRD12359734 img 19MLS #MRD12359734 img 20MLS #MRD12359734 img 21MLS #MRD12359734 img 22MLS #MRD12359734 img 23MLS #MRD12359734 img 24MLS #MRD12359734 img 25MLS #MRD12359734 img 26MLS #MRD12359734 img 27MLS #MRD12359734 img 28MLS #MRD12359734 img 29MLS #MRD12359734 img 30
A rare and exceptional investment opportunity, 1435-1439 N. Ashland Ave presents an 8-unit multifamily property situated on an oversized triple lot in the heart of Wicker Park-one of Chicago’s most sought-after neighborhoods. Spanning two expansive buildings, this trophy asset offers a mix of generously sized, updated apartments, each featuring private outdoor space and access to a beautifully maintained shared courtyard. The property’s unit mix-(3) 2BD/1BA, (1) 2BD/2BA, (2) 3BD/2BA, (1) 3BD/3BA, and (1) 4BD/3BA-is ideal for maximizing rental income in a high-demand rental market. Notably, five of the eight units are over 1,500 square feet, providing exceptional living space rarely found in this area. Interiors include in-unit laundry, hardwood floors, granite countertops, stainless steel appliances, and individual mechanical systems, offering modern conveniences with long-term durability. Current rents are significantly below market per square foot, presenting a clear value-add opportunity through light renovations or full redevelopment. Whether you’re seeking stable income, future upside, or redevelopment potential, 1435-1439 N. Ashland Ave delivers on all fronts-making it a standout investment in an A+ location.

Property Details

Price:
$3,300,000
MLS #:
MRD12359734
Status:
Active
Beds:
0
Baths:
0
Address:
1435 N Ashland Avenue
Type:
Commercial
Neighborhood:
CHI – West Town
City:
Chicago
Listed Date:
May 11, 2025
State:
IL
Finished Sq Ft:
13,420
Total Sq Ft:
13,420
ZIP:
60622
Year Built:
1894

Schools

Interior

Cooling
Central Air

Exterior

Roof
Composition, Membrane

Financial

Net Operating Income
$215,097
Tax Year
2023
Taxes
$23,131
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1435 N Ashland Avenue
Chicago, IL