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$1,275,000   Price Analysis
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1813 S Ashland Ave
Chicago, IL 60608
Unknown bed 2 bath unknown SqFt ($0/SqFt)
4,186SqFt lot. Built 1893
Listed 2024-02-05, Taxes $7,402
Ⓧ USDA Ineligible
due to price & location

near Chicago

1813 S.

Ashland is a five (5) unit building in Chicago's historic Pilsen Neighborhood. An attractive location for tenants, this particular property sits steps away from 18th Street, home to some of Chicago's most underrated restaurants. Located one block from the 18th/Paulina Station, the property provides quick and easy transit via pubic transportation to Chicago's Downtown.

1813 S. Ashland is comprised of four (4) 2Bd/1Ba and one (1) Retail space. Highlights include modern finishes with LVP flooring, along with updated mechanical systems. Additionally, th property has in-unit laundry machines and exposed brick walls, making it extremely marketable to potential tenants. 1813 S. Ashland presents an investor with the opportunity to raise rents increasingly through a value-add approach to new ownership. In doing so, its new owner will realize a boosted cap rate and net operating income.


Presented by John George at
Kiser Group Realty Inc.


Property MLS #11974251 from MRED

Full Bathrooms: 2

Lot Size Acres: 0.0960973
Lot Size Dimensions: 23' X 182"
Lot Size Square Feet: 4186

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 5
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 2
Total Rooms in Unit-2: 4

Tenant Pays: Electricity, Heat, Sewer

Annual Tax Amount: 11372.00
Source Listing Status: Active
County: Cook
Directions: Heading West on W Cermak Road, turn right onto S Ashland Ave, heading five blocks north, where the property sits on the right hand side six buildings in.
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: 17203080060000
Property Subtype: Multi Family 5+
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2020$26,178 + $7,050
$33,228
$7,402
2019$31,144 + $7,050
$38,194
$7,673
2018$31,144 + $7,050
$38,194
$7,544
2017$15,350 + $6,150
$21,500
$4,628
2016$15,350 + $6,150
$21,500
$4,306
2015$15,350 + $6,150
$21,500
$3,939
2014$18,705 + $5,400
$24,105
$3,995
2013$18,705 + $5,400
$24,105
$3,905
2012$18,705 + $5,400
$24,105
$3,877
2011$27,013 + $7,200
$34,213
$4,889
2010$27,013 + $7,200
$34,213
$4,778
2009$27,013 + $7,200
$34,213
$4,409
2007$38,812 + $5,520
$44,332
$4,997
2006$38,812 + $5,520
$44,332
$4,243

Listed 2024-02-05
$1,275,000
MRED
Listing removed 2021-07-15
$0
AppfolioUnits
Listed for rent 2021-05-14
$1,500
AppfolioUnits

Net Operating Income: 76571

Year Built: 1893
Property Age: 131
Levels or Stories: 3

Cooper Elementary Dual Language Academy is a public elementary and middle school located approximately 0.1 miles away.
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Juarez Community Academy High School is a public high school located approximately 0.3 miles away.
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St. Pius V School is a private elementary and middle school located approximately 0.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.