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6944 N Ashland Boulevard

Chicago, IL 60626
  • $4,750,000
  • STATUS: Active
  • ON SITE: 82 Days
  • MLS #: 11731588
UPDATED: 61 min ago
$4,750,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

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.

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© 2023 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 Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-05-28T11:58:36.427 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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6944 N Ashland Boulevard Chicago, IL 60626

  • Price: $4,750,000
  • Status: Active
  • On Site: 82 Days
  • Updated: 61 min ago
  • MLS #: 11731588
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1925
Built
Neighborhood:
Chi - Rogers Park
County:
Cook
Area:
Chi - Rogers Park
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.
Exterior Features

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

Interior Features

Cooling Window Unit(S) Heat Ventilation Central Bldg HeatHot WaterRadiators Number Of Dryers 2 Number Of Ranges 37 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 11200 Built Before1978 YN Yes Current Use Multi-Family Gross Income 428700 Gross Scheduled Income 428700 Insurance Expense 11100 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 292715 Operating Expense 135760 Tax Annual Amount 38110 Tax Year 2021 Tenant Pays ElectricityOther Total Monthly Income 35725 Type Multi Family 5+ Zoning Multi

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Fulton Grace Realty: 773-698-6648.


© 2023 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 Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-05-28T11:58:36.427 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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