524 N Ashland Avenue, Chicago, Illinois 60622
- $644,000
- 4
- BD
- 2
- BA
- Sold Price
- $644,000
- List Price
- $649,900
- Closing Date
- Jan 23, 2026
- MLS#
- 12493018
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 4
- Bathrooms
- 2
- Gross Rental Income
- $38,400
- County
- Cook
- City
- Chicago
- Neighborhood
- West Town
- Days On Market
- 70
Property Description
EXCEPTIONAL & RARE INVESTMENT OPPORTUNITY TO ACQUIRE THIS SPACIOUS BRICK & FRAME 2-FLAT BUILDING IN THE COVETED WEST TOWN AREA. THE UNIQUE 5 CAR 12 FEET GARAGE WITH 10 FOOT GARAGE DOOR HAS INFINITE POSSIBILITIES FOR RUNNING A HIGHLY SUCCESSFUL BUSINESS. 1ST APARTMENT FEATURES: RECENTLY PAINTED FRONT ROOM & NEW GLASS BLOCK WINDOW, 2 BEDROOMS, 1 BATHROOM, LIVING ROOM, DINING ROOM, KITCHEN & POLISHED HARDWOOD FLOORS. 2ND APARTMENT FEATURES: RECENTLY PAINTED WITH NEW FRONT WINDOWS, 2 BEDROOMS, 1 BATHROOM WITH NEW SINK, NEW FAUCET, NEW TOILET, NEW TOWEL BARS, NEW WHIRLPOOL TUB, SPACIOUS KITCHEN WITH NEW OVEN & FRIDGE, NEW FAUCET, REFINISHED HARDWOOD FLOORS & SKYLIGHTS WITH NEW FLASHING, NEW BACK DOOR & SLIDING GLASS DOOR. NEW FRONT DOORS FOR BOTH UNITS INSTALLED IN 2024, WITHIN THE LAST 5 YEARS ALL NEW LIGHT FIXTURES, NEW LED CAN LIGHTS, NEW PLUMBING FIXTURES, REFINISHED HARDWOOD FLOORS & EACH UNIT HAS ITS OWN WASHER & DRYER (2023). NEW WATER HEATER FOR 1ST FLOOR INSTALLED IN 2023, HVAC & A/C 2023. FULL TEAR OFF & BRAND-NEW ROOF, SIDING & 4 INCH GUTTERS, FRONT FACADE (OUTER BRICK & INNER CINDER BLOCKS IN JUNE OF 2024. NEW FRONT SIDE GATE & NEW MAIL BOXES INSTALLED IN SEPTEMBER OF 2024. UNIQUE & SPACIOUS 10 FOOT 5.5 CAR GARAGE WITH SERVICED CENTRAL HEAT & NEW GARAGE DOOR OPENER (2024). YOU CAN RESIDE IN ONE UNIT & RENT THE OTHER OR SIMPLY PURCHASE FULLY FOR INVESTMENT. RENTS IN THE AREA FOR 2 BEDROOM/1 BATHROOM APARTMENTS RANGE FROM $2,000 - $2,500 PLUS ADDITIONAL RENTAL INCOME FROM THE GARAGE $1,000 - $1,500 OR MORE. CLOSE PROXIMITY TO GROCERY STORES (MARIANOS), COFFEE SHOPS, ENTERTAINMENT, DINING, METRA & I90. 3 LOTS FOR SALE NEXT TO EACH OTHER 524 N. ASHLAND AVE/526 N. ASHLAND AVE (INDUSTRIAL COMMERICAL OFFICE/WAREHOUSE) & 530 N. ASHLAND AVE, ZONED B3-2. POSSIBILTY OF BUILDING A MULTIPLE APARTMENT BUILDING (RE-ZONING REQUIRED TO RM-5/BUYER RESPONSIBLE FOR VERYFING).
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Additional Information
- School District
- 299
- Corporate Limits
- Chicago
- Tax Year
- 2023
- Tax Amount
- $11,639
- Year Built
- 1900
- Lot Dimensions
- 2568
- Lot Size Range
- Less Than .25 Acre
- Units
- 2
- Garage Spaces
- 5
- Parking Spaces
- 5
- Parking Details
- Garage Door Opener, Garage, Yes, Garage Owned, Detached
- Heating
- Natural Gas
- Sewer
- Public Sewer
- Basement
- Yes
- Total Rental Income
- $38,400
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