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Multifamily

4841-4843 N Ashland Ave

4841 N Ashland Ave, Chicago, IL 60640

Listing Price: $4,375,000

Cap Rate
5.37%
Number of Units
19
Price/Unit
$230,263
Price/Gross SF
$322.88
Gross SF
13,550

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the Ravenswood neighborhood of Chicago, Illinois. The subject property consists of 19 apartments. Finishes include hardwood floors, quartz countertops, stainless steel appliances, and in-unit laundry. The subject property is a three-minute walk to Chicago Transit Authority’s (CTA) 81 bus stop, a four-minute walk to CTA’s 22 bus stop, and a 15-minute walk to CTA’s Argyle Red Line train stop. The property is also a seven-minute walk to Metra’s Ravenswood train stop. Ravenswood is considered a sub-neighborhood of the Lincoln Square neighborhood. Chicagoans are drawn to the area by both the historic architecture and the new redevelopment underway. The neighborhood is composed of commercial retailers along with independent boutiques and coffee shops. There are multiple theatres in the area, along with lounges and distilleries that illustrate the never ending list of things to do. The neighborhood of Ravenswood is an up-and-coming neighborhood that has seen real estate values skyrocket since the 1990s, making it one of the highest-valued markets in the city.

Investment Highlights

  • Excellent Ravenswood Location
  • Excellent Unit Mix
  • High-End Finishes Include Hardwood Floors, Quartz Countertops, and Stainless Steel Appliances
  • Short Walk to CTA's Trains and Buses

Exclusively Listed By

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Listing Price: $4,375,000

Cap Rate
5.37%
Number of Units
19
Price/Unit
$230,263
Price/Gross SF
$322.88
Gross SF
13,550

Investment Highlights

  • Excellent Ravenswood Location
  • Excellent Unit Mix
  • High-End Finishes Include Hardwood Floors, Quartz Countertops, and Stainless Steel Appliances
  • Short Walk to CTA's Trains and Buses

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the Ravenswood neighborhood of Chicago, Illinois. The subject property consists of 19 apartments. Finishes include hardwood floors, quartz countertops, stainless steel appliances, and in-unit laundry. The subject property is a three-minute walk to Chicago Transit Authority’s (CTA) 81 bus stop, a four-minute walk to CTA’s 22 bus stop, and a 15-minute walk to CTA’s Argyle Red Line train stop. The property is also a seven-minute walk to Metra’s Ravenswood train stop. Ravenswood is considered a sub-neighborhood of the Lincoln Square neighborhood. Chicagoans are drawn to the area by both the historic architecture and the new redevelopment underway. The neighborhood is composed of commercial retailers along with independent boutiques and coffee shops. There are multiple theatres in the area, along with lounges and distilleries that illustrate the never ending list of things to do. The neighborhood of Ravenswood is an up-and-coming neighborhood that has seen real estate values skyrocket since the 1990s, making it one of the highest-valued markets in the city.

Exclusively Listed By

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

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