Address
3912 N Ashland Avenue, Chicago, IL
Price
$ 1,200,000
Property Attributes
- MLS#12754471
- TypeCommercial
- Listing Status Contingent
- CountyCOOK
- CityChicago
- AreaCHI - Lake View
- NeighborhoodLake View
- Zip60613
- Style
- Year Built1914
- Taxes$ 16404
- Price$ 1,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3724
- Lot Size0.07 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
3912 N Ashland Ave is a beautifully rehabbed building in Lakeview. The property is zoned mixed-use at B1-2, featuring (2) rehabbed 2br/1ba apartments on the 2nd & 3rd floor leased through spring 2027, and a ground floor that is already built out with 1.5 bedrooms and 2 baths. The ground floor has high end finishes and just recently signed a lease through 3/31/2028. There is also an ability to add a 2nd bedroom or dig down in the basement if you wanted to duplex the unit down. The roof is less than 3 years old, newer water service to the building, new ejector pump, and 2nd floor deck. This property is truly turn key and presents a fantastic opportunity for a user or investor looking to capitalize on rent growth in a high demand submarket.
| Price History | |
|---|---|
| 9/14/2026 | Listed $1,200,000 |
General Features
| Cooling | Central Air |
|---|---|
| Construction Materials | Brick |
| Year Built | 1914 |
| Electric | Separate Meters |
| Tenant Pays | Air Conditioning,Electricity,Heat |
| Stories Count | 3 |
| Property Subtype | Mixed Use |
| Tax Year | 2025 |
| Gross Income | 104400 |
| County | Cook |
| Net Operating Income | 75672 |
| Operating Expense | 28968 |
| Insurance Expense | 3528 |
| Property Type | Commercial Sale |
| Contingency | Attorney/Inspection |
| Status | Contingent |
| Directions | Property is located on the west side of Ashland Ave,just south of Irving Park Rd and North of Byron St. |
| City | Chicago |
| Number Of Units Total | 3 |
| MLS Area | CHI - Lake View |
| Lot Size Square Feet | 2875 |
| Tax Annual Amount | 16404.39 |
| Electric Expense | 300 |
| Water Sewer Expense | 1200 |
| Standard Status | Active Under Contract |
| Property Type | Mixed Use |
| Cap Rate | 6.31 |
Exterior Features
| Building Area Total | 3724 |
|---|---|
| Lot Dimensions | 25x115 |
| Lot Size Acres | 0.07 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60613
Price
Taxes
Year Built
Visits
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 28, 2026 1:04 PM UTC
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