1813 S Ashland Ave, Chicago, IL for sale

Investment Overview

This fully renovated multifamily property presents a turn-key investment opportunity with 100% occupancy and strong in-place cash flow. The attractive brick building features modernized layouts with open floor plans, newly updated kitchens, and contemporary bathrooms, appealing to today’s renters seeking both style and functionality. The renovations enhance the property’s long-term durability while reducing near-term capital needs, offering investors peace of mind and stable operations from day one. Adding to the upside, the property includes a vacant coach house located above the rear garage. This space is primed for renovation and conversion into an additional rental unit, providing a clear path for increased income and property value. With its blend of stabilized tenancy and future growth potential, this asset offers investors a rare opportunity to acquire a well-positioned property that combines immediate returns with long-term upside.

Investment Highlights

• New Retail Lease in Place
• In-Unit Laundry
• Short Walk to CTA Pink Line
• Easy Access to I-55, I-290 & I-90/94
• Near UIC & Illinois Medical District
• Renovated Units
• Full Basement