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    6944 N Ashland Boulevard

    Chicago, IL 60626
    • $4,500,000
    • STATUS: Active
    • ON SITE: 119 days
    • MLS #: 10968630
    $4,500,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,200
      SQFT
    • $402
      $/SQFT
    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. See attached Income Statement.

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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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-11T23:52:03.69 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: $4,500,000
    • Status: Active
    • MLS #: 10968630
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    11,200
    SQFT
    $402
    $/SQFT
    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. See attached Income Statement.
    Exterior Features

    Construction Materials Brick 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 Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 0 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 1 Number Of Bedrooms Unit4 0 Number Of Dryers 2 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 1 Number Of Full Bathrooms Type4 0.1 Number Of Full Bathrooms Type5 0.1 Number Of Ranges 37 Number Of Refrigs 37 Number Of Rooms Unit Five 4 Number Of Rooms Unit Four 2 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 3 Number Of Rooms Unit2 4 Number Of Rooms Unit3 4 Number Of Rooms Unit7 0 Number Of Units Apt Type1 25 Number Of Units Apt Type2 6 Number Of Units Apt Type3 6 Number Of Units Apt Type4 3 Number Of Units Apt Type5 1 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 2

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 6 Current Use Multi-Family Electric Expense 2000 Expense Year 2020 Fuel Expense 16826 Gross Income 390180 Gross Scheduled Income 390180 Insurance Expense 6000 Janitor Expense 10000 Lot Size Dimensions 60 X 165 Maintenance Expense 0 Monthly Income Max1 800 Monthly Income Max2 880 Monthly Income Max3 985 Monthly Income Max4 800 Monthly Income Max5 1500 Operating Expense 118362 Other Expense 19509 Tax Year 2019 Tenant Pays ElectricityOther Total Monthly Income 27110 Trash Expense 12500 Type Multi Family Corridor-Exterior EntranceCourtyard Washer Dryer Leased YN No Water Sewer Expense 12500 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-11T23:52:03.69 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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