1526 Ashland AveChicago, IL 60622

Property Details for 1526 Ashland Ave

Year built

1901

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

1,932 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

17-06-206-041

APU

1706206041

Description

This attractive two-story brick building at 1526 N. Ashland Ave, Chicago, IL 60622, presents a fantastic investment opportunity in the vibrant Wicker Park/Bucktown neighborhood. Situated on a 1,997 sq ft lot zoned B3-2, the property enjoys a prime location on high-traffic Ashland Avenue (23,100 vehicles daily) with easy access to I-90/94. The building features a mixed-use configuration, including a retail store and a residential apartment, both boasting newly updated interiors and hardwood floors throughout. The apartment comprises two bedrooms, a living room, dining area, kitchen, and 1.5 bathrooms, with in-unit laundry. The store also includes 1.5 bathrooms and its own washer and dryer in the basement. The building features a granite front and offers rear parking. The asking price for this exceptional property is $480,000. This is a rare chance to acquire a well-maintained, income-generating property in a highly desirable Chicago location.

• CAP approach

  CAP return

  Valuation

  6%

  $769,903

  6.5%

  $710,680

  7%

  $659,917

• Comparable approach

  Method

  Valuation

  Relative Method

  $390,047

  Geo Method

  $390,047

• Alternative Use

  Use

  Valuation

  Residential

  $710,680

  Hospitality

  $650,979

  Educational

  $541,607

  Medical

  $560,234

  Retail

  $842,500

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9096

Longitude

-87.668

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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