3912 N Ashland Avenue, Chicago, IL 60613

• 5 beds |
• 4 baths

Property Description

Incredible investment opportunity in Lakeview, ideally located on bustling Ashland Avenue just minutes from premier restaurants, nightlife, shopping, and transit. This well-maintained 3-story building offers approximately 3,724 SF of net rentable space, featuring a highly flexible layout with a total of 5 bedrooms and 4 bathrooms-perfect for an investor seeking strong cash flow with value-add upside. The property is supported by extensive recent capital improvements, including a new water service installed in 2023, updated plumbing and electrical completed in 2024, and a new ejector pump added in 2025, providing a truly turnkey ownership experience with major systems already addressed. A standout feature is the non-conforming owner's unit, which delivers exceptional optionality: it can be utilized as a work/live residence, leased traditionally, or operated as a short-term rental / Airbnb to maximize revenue. Additionally, there is value-add potential through rent enhancements, including the ability for a new owner to install in-unit washer and dryers, increasing tenant demand and supporting higher market rents. Whether you're looking for stable long-term income, short-term rental upside, or a hybrid work/live setup, 3912 N Ashland Ave presents a rare chance to acquire a flexible income-producing property in one of Chicago's most in-demand neighborhoods.

Listing Status:

Active

Data Last Updated:

February 14, 2026 at 9:20PM

Listing Office:

Star Realty & Management : 708-400-0171

Listing Agent:

Tyler Weekes : 708-400-0171

MLS ID:

12547323

Interior

• Basement: UnfinishedPartial
• Heating: Natural Gas

Exterior

• Parking: YesParking spaces: 3

Location

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

Lot

• Zoning: 14192080350000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple