2442 N Ashland Avenue, Chicago, IL 60614

Local realty services provided by:Better Homes and Gardens Real Estate Connections
2442 N Ashland Avenue,Chicago, IL 60614
$1,300,000
  • 8 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:steven rapoport
Office:chicago real estate resources
MLS#:12505170
Source:MLSNI

Price summary

  • Price:$1,300,000

About this home

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.

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Home facts

  • Year built:1914
  • Listing ID #:12505170
  • Added:1 day(s) ago
  • Updated:October 27, 2025 at 10:37 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:5
  • Full bathrooms:5

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1914

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,300,000
  • Tax amount:$16,668 (2023)
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