2447 N Ashland Ave | Image 1
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2447 N Ashland Ave | Image 2
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2447 N Ashland Ave | Image 7

$684,000

6 hours ago

0 Bed

0 Bath

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MLS® 12561831

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $7,425
Days Active 0
Approx. Age 1918
MLS® Number 12561831

Property Address: 2447 N Ashland Ave, Chicago, IL, 60614-2032

Average square foot calculated using Size range provided by listing agent.

Description

Well-maintained mixed-use or (live-work opportunity) in Lincoln Park offering immediate income with long-term flexibility. The property generates approximately $5, 000 per month in gross income ($60, 000 annually) Roughly a 5.7 CAP. The second floor features a fully remodeled designer one-bedroom apartment leased at $1, 800/month, with in-unit washer and dryer. The lease runs through the end of May, providing near-term flexibility The ground-floor commercial space offers strong visibility along Ashland Avenue and is suitable for office, retail, or studio use. Major capital improvements already completed: Two furnaces, both under one year old Roof and siding approximately four years old Updated electrical Separate systems improve operating efficiency and risk profile This asset is well-positioned for: An investor targeting stable mixed-use cash flow in a core neighborhood A live-work buyer wanting long-term flexibility in a high-demand corridor Strong location, meaningful recent upgrades, and clear income make this a clean, financeable mixed-use opportunity.
MLS® Number12561831
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1918
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 5, 2026List Date
$684,000List Price
  • Commute

Commute

Starting Address
Destination Address
2447 N Ashland Ave, Chicago, IL

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