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$ 525,000

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Price Dropped by $4K

1817 S Ashland AVE Chicago, IL 60608

8 Beds

UPDATED:

10/06/2024 05:07 AM

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 11883142

Bedrooms 8

Year Built 1892

Annual Tax Amount $158

Tax Year 2021

Lot Dimensions 24 X 125

Property Description

Most Desirable Pilsen location within the business shopping district at 18th and Ashland Ave...with fantastic rental possibilities! A deceptively large building with approx. 1,300 sq. ft. per floor (times 4 levels)! You can walk to the 18th St.-PINK Line elevated train station. Minutes from downtown Chicago, lakefront, UIC campus, 18th St. entertainment and restaurants district, Thalia Hall, & IL Medical District. This is a legal 4 unit -- totally gutted and with architectural plans and general contractor in place--ready to develop this as 4 floors of living space. Property is currently within 1300 feet of the 18th Street Pink Line elevated train station for transit/parking exemption. Extra large floorplans...with large 2 bedroom, 2 bath in all 4 floor units....with central heat/AC and in-unit washer/dryer setups. Plans call for rooftop access for penthouse unit--extra value for owner occupied or top rental premium add-on. Property currently vacant for next owner to renovate/develop --the dirty work/demo already completed. Basement has been excavated and dug down to provide for 8 foot ceilings in garden level. Two car garage for off-street parking. Selling As-Is...property gutted and waiting for build permit as 4 unit. 4 rental units that will provide for great cash flow. High demand area in Pilsen...schedule soon for quick showing before it's under contract. Architectural plans can be transferred to purchaser...and general contractor will offer services to new buyer(s) if needed.

Location

State IL

County Cook

Area Chi - Lower West Side

Rooms

Basement Full

Interior

Heating Natural Gas

Equipment Humidifier, Security System, Intercom, Ceiling Fan(s), Sump Pump, Multiple Water Heaters, Security Cameras, Water Heater-Gas

Fireplace N

Exterior

Exterior Feature Deck, Patio, Porch

Garage Detached

Garage Spaces 2.0

Community Features Sidewalks, Street Lights, Street Paved

Waterfront false

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Mike Santore • Keller Williams Thrive

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