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6948 N Ashland Avenue

Chicago, IL 60626
  • $9,500,000
  • STATUS: Active
  • ON SITE: 66 Days
  • MLS #: 11224155
UPDATED: 17 min ago
$9,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

Rare Opportunity to Acquire 2 Properties! 78 Apartments Total + 4 Storefronts!! Well Maintained - Value Add+ - 591 ft. from the CTA Morse Red Line. 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. Currently Managed by Onsite Engineer. Great property to buy and hold or improve for higher rents. 6956 N Ashland consists of 41 Apartments with 23 One Bedrooms, 17 Studios and 1 Two Bedroom Apartment. 6944 N Ashland consists of 37 Apartments and 4 Storefronts. 31 Studios and 6 One Bedrooms + 4 Storefronts. See attached Income Spreadsheets.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' 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 is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-26T20:58:55.943 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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6948 N Ashland Avenue Chicago, IL 60626

  • Price: $9,500,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 17 min ago
  • MLS #: 11224155
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
Chi - Rogers Park
County:
Cook
Area:
Chi - Rogers Park
Property Description
Rare Opportunity to Acquire 2 Properties! 78 Apartments Total + 4 Storefronts!! Well Maintained - Value Add+ - 591 ft. from the CTA Morse Red Line. 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. Currently Managed by Onsite Engineer. Great property to buy and hold or improve for higher rents. 6956 N Ashland consists of 41 Apartments with 23 One Bedrooms, 17 Studios and 1 Two Bedroom Apartment. 6944 N Ashland consists of 37 Apartments and 4 Storefronts. 31 Studios and 6 One Bedrooms + 4 Storefronts. See attached Income Spreadsheets.
Exterior Features

Exterior Building Type Brick Foundation Details Brick/Mortar Parking Total 0 Roof Reflective CoatingRubber Roof Structure Flat

Interior Features

Basement Finished Cooling Window Unit(S) Heat Ventilation Central Bldg HeatGas Number Of Dryers 5 Number Of Ranges 78 Number Of Washers 5

Property Features

Additional Parcels YN Yes Approximate Age Older Built Before1978 YN Yes Electric Service - 201 To 600 Amps Gross Income 799500 Gross Scheduled Income 799500 Insurance Expense 12000 Maintenance Expense 0 Net Operating Income 540167 Operating Expense 259331 Tax Annual Amount 65990 Tax Year 2019 Tenant Pays ElectricityOther Total Monthly Income 66625 Township Rogers Park Type Multi Family 5+ Utilities Water-CommunityWater-MunicipalWater To Site Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Fulton Grace Realty.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' 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 is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-26T20:58:55.943 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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