5340 North Ashland Avenue, Chicago, Illinois 60640

List Price
Two to Four Units
Days On Market

Property Description

PRICE TO SELL!! SELLING PRICE IS FIRM. Prime location!! High rents. Generates lots of cash, nearly $5K/mo. Beautifully renovated 2-Flat plus bonus in-law large studio apartment in the heart of Andersonville. Steps to the heart of the Clark Street corridor with tons of restaurants, outdoor cafes and night life. Live a 45 second walk to Marty's Martini Bar and Hamburger Mary's. Walk to Jewel grocery store. All units were beautifully gut-rehabbed with $225K+ in improvements in 2017. All windows were replaced, refinished dark stained hardwood floors, new central heat/air, building was tuckpointed, new roof installed. Unique kitchen layouts with new 42-inch white cabinets and white granite spilling into back room with exposed brick, recessed lighting in kitchen. New ceiling fans throughout. High ceilings, top-down-bottom-up blinds. New patio was installed with pavers. New gates in front and back and new siding on 2-car garage. All-new back stairs. Master key system created, nice yard, storage closets, newer coin laundry in basement. In-law apartment has low ceilings but spent $40K on apartment just two years ago. It's nicely appointed with granite in kitchen with SS appliances, huge bathroom, huge walk-in closet and egress window. (The Garden unit is currently rented for $950/ month). Seller nor realtor represent the legality of in-law apartment. Garden Unit and 2nd floor is NOT vacant. Easy to show. Seller is agent's brother. Places show beautiful. For first showings, buyer's can view 1st floor and basement units. Same finishes and hardwood floors in both the first and second (top) floor units. Renters on the top floor requested carpet, but beautiful hardwood floors finished just like 1st floor units underneath. At the current ask price, this investment property has an incredible 7+% Cap Rate. Realtor is seller's brother. Buyers must be able to purchase with a conventional loan or cash ONLY. NO FHA Loans allowed.

Additional Information

School District
Elementary School
Chappell Elementary School
Middle School
Chappell Elementary School
High School
Amundsen High School
Corporate Limits
Tax Year
Tax Exemptions
Tax Amount
Additional Sales Information
List Broker Must Accompany
Year Built
Exterior Building Type
Exterior Property Features
Porch, Storms/Screens, Cable Access
Lot Dimensions
25 X 115
Lot Size Range
Less Than .25 Acre
Number Of Cars
Garage Spaces
Garage Door Opener(s), Transmitter(s)
Gas, Forced Air
Basement Description
Partially Finished, Unfinished, Exterior Access, Bathroom Rough-In, Egress Window
Rent Unit One
Rent Unit Two
Rent Unit Three
Total Rental Income

Mortgage Calculator

Amount of Loan
Annual Interest Rate
Term of Loan

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of BF Realty, Inc.

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