2442 N Ashland Avenue, Chicago, IL 60614

• 8 beds |
• 5 baths

Property Description

Call for offers by 5:00 PM 12/12. This is your opportunity to assume a loan with a rate of 2.25 on a fully amortizing loan. Prime Lincoln Park four-unit property consisting of a three-unit front building and a coach house in the rear. Current rents provide room for upside, or modernize the units to boost returns further. The unfinished attic has an approximately eleven foot peak height and may offer additional expansion potential, subject to feasibility. Buyers are encouraged to consult with an architect to explore the possibilities. Secure long-term financing well below current market rates while positioning yourself for appreciation and stronger future cash flow in one of Chicago's most desirable rental markets. There is no onsite parking due to the coach house in the rear, however the property benefits from very easy and readily available unzoned street parking throughout the surrounding neighborhood.

Listing Status:

Active

Listing Office:

Chicago Real Estate Resources : 847-863-2707

Listing Agent:

Steven Rapoport : 847-863-2707

MLS ID:

12505170

Interior

• Basement: UnfinishedFull
• Heating: Natural GasForced Air

Exterior

• Parking: Parking spaces: 0

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 14304100220000

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple

This listing courtesy of Steven Rapoport, Chicago Real Estate Resources