Address
6944 N Ashland Boulevard, Chicago, IL
Price
$ 4,750,000
Property Attributes
- MLS#11731588
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Rogers Park
- NeighborhoodRogers Park
- Zip60626
- StyleMulti-Family
- Year Built1925
- Taxes$ 38110
- Price$ 4,750,000
- Bedrooms1
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage11200
- Lot Size9,583 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Fantastic Opportunity! Prime Location! Value Add Opportunity! Property consists of 37 Apartments and 4 Storefronts. Hardwood Floors Throughout, All Aluminum Windows, Well Maintained Boiler System, Tenants Pay Electricity and Cooking Gas. Large Studio Layouts allow for conversion to 1 bedroom. Great property to buy and hold or improve for higher rents. 31 Studios and 6 One Bedrooms. Currently Managed by Onsite Engineer. Property can be purchased with additional 41 unit 6956 N Ashland. Owner is currently in the process of updating the electrical service. See attached Income Statement.
| Price History | |
|---|---|
| 3/6/2023 | Listed $4,750,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| City | Chicago |
| Construction Materials | Brick |
| Cooling | Window Unit(s) |
| County | Cook |
| Current Use | Multi-Family |
| Days on Market | 235 |
| Directions | Going Clark North, after passing Devon take a slight right on Ashland, pass Morse, on left side. |
| Electric Expense | 4080 |
| Fuel Expense | 16826 |
| Gross Income | 438600 |
| Insurance Expense | 11100 |
| Lot Size Square Feet | 9900 |
| MLS Area | CHI - Rogers Park |
| Net Operating Income | 302120 |
| Operating Expense | 135760 |
| Property Type | Commercial Sale |
| Property Type | Multi Family 5+ |
| Roof | Reflective Coating, Rubber |
| Standard Status | Active |
| Status | Active |
| Stories | 3 |
| Street Name | Ashland |
| Tax Annual Amount | 38110 |
| Tax Year | 2021 |
| Tenant Pays | Electricity, Other |
| Total Units | 41 |
| Trash Expense | 5460 |
| Water Sewer Expense | 16800 |
| Year Built | 1925 |
| Zoning | MULTI |
Interior Features
| Street Suffix | Boulevard |
|---|
Exterior Features
| Building Area Total | 11200 |
|---|---|
| Foundation Details | Brick/Mortar |
| Lot Dimensions | 60 X 165 |
| Lot Size Acres | 0.22 |
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 Multi-Family Average in 60626
Price
Taxes
Visits
Year Built
Walkscore
