6912 N Ashland Avenue Chicago, IL 60626

$4,800,000

Contingent / MLS# 12588866 / Multi Unit - Multiple / Chicago

0 Beds

The property features a well-balanced unit mix consisting of twenty-eight (28) studio apartments and twelve (12) one-bedroom/one-bathroom units. The majority of apartments offer upgraded interiors complemented by vintage character, with finishes that include granite or quartz countertops, raised-panel cabinetry, and hardwood or vinyl flooring. Common area amenities include a secured building entrance, an on-site laundry facility, and a dedicated mail and package room. Current in-place rents are approximately 15% below market compared to nearby properties with similar finishes, presenting an opportunity for new ownership to implement a more proactive management strategy and capture meaningful rental upside.

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Property Details

Property Type: Multi Unit - Multiple

Lot Size: 0.39 Acres

Stories: 4.0

Taxes: $59,113

Year Built: 1928

Feature Descriptions

Current Use: Multi-Family

Electric: Circuit Breakers, Service - 201 to 600 Amps

Exterior: Brick

Foundation: Concrete Perimeter

Frontage Type: City Street

HVAC: Central Bldg Heat

Location: Free Standing/Urban

Lot Dimensions: 50x165

Parcel#: 11312220300000

Potential Use: Condominium, Multi-Family

Tenant Pays: Electricity

Units: 40

Location

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