Home Details for 1532 N Ashland NE Avenue

4 UNIT OPPORTUNITY IN THE PRIME WICKER PARK/BUCKTOWN AREA! Brick, Mixed Use Building with 3 residential apartments - 1/1 each, 1 commercial storefront that operated as a pick up/drop off cleaners by the seller for over 40 years, 2 car attached garage, full unfinished basement with very high ceilings, an expansive patio/rooftop deck/sundeck. Family occupied building, so rents are well below market and ready for new owner to maximize revenue and value on this great investment via stabilization and strategic improvements! This is a no brainer for a savy investor looking to maximize the location, rental demand and the potential! Priced like a 2 unit. Cash or Reno Financing ONLY, Lis Pendens from the City of Chicago Case#20231401774, seller has an estimate of approximately $68K for the masonry work, permits applied for; however, seller chose to let the new owner decide the work to be done as part of their own reno plan. Scafolding already in place, permits and violations will transfer with sale. Sold AS IS WHERE IS. Neither seller, seller's agent or seller's brokerage make any respresentations, warranties or guarantees expressed or implied. Conduct independent due diligence. 48 hour notice to view required, POF/PRE APPROVED BUYERS. 1. "AS IS" Appraisal on hand in the $600's 2. No Seller Financing 3. ARV Estimates for a "face lift" $1.2M-$1.4M 4. Duplexing with Rooftop deck and AIR BNB estimates much higher. 5. Across from the Kennedy RoofTop Deck 6. Multi-Level New Construction also a block away $$$$$$$ 7. Walking distance to the Blue line Division or Damen Stop. 8. Walking distance to the Clybourn Metra stop 9. Easy access to the North Ave Kennedy Expressway.

• Utilities

  • Electricity Available
  • Natural Gas Available
  • Water Available
  • Cable Available

• Cooling Information

  • Window Unit(s)