2662 N Ashland Avenue, Chicago, Illinois 60614
- $650,000
- 5
- BD
- 3
- BA
- Sold Price
- $650,000
- List Price
- $670,000
- Closing Date
- Jun 09, 2026
- MLS#
- 12514364
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 5
- Bathrooms
- 3
- County
- Cook
- City
- Chicago
- Neighborhood
- Lincoln Park
- Days On Market
- 98
Property Description
Investor Special. 5-bed multi-unit in Lincoln Park with redevelopment potential opportunity. This 2-unit property sits on a 25x107.5' lot with alley access, zoned C1-2 for flexible options: hold it as-is, renovate into a single-family, or build out commercial plus residential above. New development on the same block. Built in 1888, units offer a combined 5 bedrooms and 3 full baths. Half of the basement is finished and currently occupied, offering extra space or rental income potential. Units 1 and 2 are vacant and easy to show - bring your contractor or architect to walk it with you. There's a 2-car garage, a fenced backyard, and solid bones to reimagine the space. This Lincoln Park location puts you steps from Blue Ribbon Prescott Elementary, parks like Chi Che Wang, Wrightwood Park, and Jonquil, plus restaurants, shopping, and everything along Ashland, Lincoln, and Diversey. Walk to Left Coast, Heritage Bicycles, Costco, Whole Foods, and Southport Corridor. CTA bus lines, Brown/Red/Purple lines, and I-90/94 are all nearby. Zoned C1-2: use as mixed-use, convert to single-family, build condos with a special-use permit - do your due diligence.
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Additional Information
- School District
- 299
- Elementary School
- Prescott Elementary School
- High School
- Lincoln Park High School
- Corporate Limits
- Chicago
- Tax Year
- 2023
- Tax Exemptions
- Homeowner, Senior, Senior Freeze
- Tax Amount
- $6,594
- Year Built
- 1888
- Lot Dimensions
- 25X107
- Lot Size Range
- Less Than .25 Acre
- Units
- 2
- Garage Spaces
- 2
- Parking Spaces
- 2
- Parking Details
- Yes, Garage Owned, Detached, Garage
- Heating
- Radiant
- Sewer
- Public Sewer
- Basement
- Yes
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