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Multifamily

4130 N Ashland Ave

4130 N Ashland Ave, Chicago, IL 60613

Listing Price: $1,400,000

Cap Rate
4.64%
Number of Units
5
GRM
13.57
Occupancy
97.0%
Price/Unit
$280,000
Price/Gross SF
$259.26
Gross SF
5,400

Investment Overview

Marcus & Millichap is pleased to present 4130 North Ashland Avenue located in the
Lakeview neighborhood of Chicago. Residents of Lakeview enjoy convenient access to
Lake Michigan beaches and shoreline parks which includes a 1,200 acre outdoor oasis
featuring Lakefront trail, a golf course, a boat harbor, tennis courts, and picnic areas.
There are also numerous shopping centers, bars, restaurants, coffee shops, and parks,
including Wrigley Field, and variety of comedy, arts and musical theatres nearby. The
subject property is located approximately 12 miles to O'Hare International Airport, less
than one mile to the CTA Brown Line Irving Park station, approximately one mile to the
CTA Red Line Sheridan station, approximately one and one-quarter mile to the
Ravenswood Union Pacific North Metra station, and near multiple CTA bus stops along
Irving Park Road and North Clark Street.
The subject property consists of one studio unit (approximately 600 square feet), one onebedroom
/ one-bathroom unit (approximately 850 square feet), and four two-bedroom /
one-bathroom units (approximately 1,200 square feet). Select units feature kitchens with
granite countertops, 42 inch cabinets, and stainless-steel appliances including a
dishwasher. Common areas feature vintage details with modern finishes. Select units
feature in-unit washer and dryer and central air. The property features three on-site
income generating parking spaces.
Here, an investor has the opportunity to acquire a vintage, well-maintained apartment
property with improvements. This asset is being sold as is.

Investment Highlights

  • Located in the Lakeview Neighborhood of Chicago
  • Well-Maintained Apartments with Select Upgrades
  • Strong Unit Mix
  • On-Site Income-Generating Parking
  • Convenient Access to Shopping, Dining, Entertainment and Public Transportation

Exclusively Listed By

Multifamily

4130 N Ashland Ave

Listing Price: $1,400,000

Cap Rate
4.64%
Number of Units
5
GRM
13.57
Occupancy
97.0%
Price/Unit
$280,000
Price/Gross SF
$259.26
Gross SF
5,400

Investment Highlights

  • Located in the Lakeview Neighborhood of Chicago
  • Well-Maintained Apartments with Select Upgrades
  • Strong Unit Mix
  • On-Site Income-Generating Parking
  • Convenient Access to Shopping, Dining, Entertainment and Public Transportation

Investment Overview

Marcus & Millichap is pleased to present 4130 North Ashland Avenue located in the Lakeview neighborhood of Chicago. Residents of Lakeview enjoy convenient access to Lake Michigan beaches and shoreline parks which includes a 1,200 acre outdoor oasis featuring Lakefront trail, a golf course, a boat harbor, tennis courts, and picnic areas. There are also numerous shopping centers, bars, restaurants, coffee shops, and parks, including Wrigley Field, and variety of comedy, arts and musical theatres nearby. The subject property is located approximately 12 miles to O'Hare International Airport, less than one mile to the CTA Brown Line Irving Park station, approximately one mile to the CTA Red Line Sheridan station, approximately one and one-quarter mile to the Ravenswood Union Pacific North Metra station, and near multiple CTA bus stops along Irving Park Road and North Clark Street. The subject property consists of one studio unit (approximately 600 square feet), one onebedroom / one-bathroom unit (approximately 850 square feet), and four two-bedroom / one-bathroom units (approximately 1,200 square feet). Select units feature kitchens with granite countertops, 42 inch cabinets, and stainless-steel appliances including a dishwasher. Common areas feature vintage details with modern finishes. Select units feature in-unit washer and dryer and central air. The property features three on-site income generating parking spaces. Here, an investor has the opportunity to acquire a vintage, well-maintained apartment property with improvements. This asset is being sold as is.

Exclusively Listed By

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