2447 N Ashland Avenue Chicago IL 60614 MLS #MRD12561831

Well-maintained mixed-use or (live-work opportunity) in Lincoln Park offering immediate income with long-term flexibility. The property generates approximately $5,000 per month in gross income ($60,000 annually) Roughly a 5.7 CAP. The second floor features a fully remodeled designer one-bedroom apartment leased at $1,800/month, with in-unit washer and dryer. The lease runs through the end of May, providing near-term flexibility The ground-floor commercial space offers strong visibility along Ashland Avenue and is suitable for office, retail, or studio use. Major capital improvements already completed: Two furnaces, both under one year old Roof and siding approximately four years old Updated electrical Separate systems improve operating efficiency and risk profile This asset is well-positioned for: An investor targeting stable mixed-use cash flow in a core neighborhood A live-work buyer wanting long-term flexibility in a high-demand corridor Strong location, meaningful recent upgrades, and clear income make this a clean, financeable mixed-use opportunity.