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1048 N Ashland Avenue, Chicago, IL 60622
$1,600,000
1048 N Ashland Avenue, Chicago, IL 60622View this property at 1048 N Ashland Avenue, Chicago, IL 60622
1048 N Ashland AvenueChicagoIL60622
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Property Description
1048 N Ashland - a mixed-use value-add opportunity in the Wicker Park / East Village neighborhood. The property unit mix is - (5) apartments and (1) storefront: (2) 3bed/1baths, (2) 1bed/1baths, (1) 2bed/2bath duplex unit featuring radiant heat and a brick 2-car garage. The glass storefront has high timber exposed ceilings and brick details. All the apartments feature renovated kitchens and bathrooms, individual HVAC, and high ceilings. Located on a corner with soaring windows, the building has east, south, and west exposure creating a light-drenched interior with views of the Chicago skyline - especially from the rooftop. Constructed in 1896, the building boasts attractive brick and stone accents, along with a turret adorned with copper details on its southern side. During the early 2000s, the building underwent a complete gut rehabilitation, preserving its timeless charm while updating all electrical, plumbing, and mechanical systems to modern standards, utilizing copper materials and proper conduit throughout. All units are individually metered. Please call the listing broker with any questions.
Full Property Details
Full Property Details for 1048 N Ashland Ave
General
- Price: $1,600,000
- Taxes: $24,405 (2022)
- Status: Active
- Type: Store
- MLS ID: 12003019
- Updated: 4/7/2024
- Added to Site: 32 day(s) ago
Interior
- Interior Features: Laundry Room
- Flooring: Wood
Additional Information
- Security/Safety: Carbon Monoxide Detector(s)
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Start on I-90/I-94 heading towards Chicago. Take exit 50B for Division St. Keep right at the fork, follow signs for Division St W and merge onto W Division St. Continue straight on W Division St for approximately 1.5 miles. Turn left onto N Ashland Ave. Continue on N Ashland Ave for about 0.7 miles. Destination, 1048 N Ashland Ave, Chicago, IL, will be on your right.
- Location Details: Chicago North, Chicago West, Corner
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Trash: 6000
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Other
- Sub-Flooring: Wood
- Stories/Levels: 3
- Square Feet: 5,700
- # of Stores: 1
- Year Built: 1896
- Built Before 1978: Yes
Unit Information
- # Tenants: 5
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 2,775
- Lot Dimensions: 25 x 111
- Frontage: City Street
- Drainage: Other
- Zoning: COMMR
Financial Considerations
- Lease Price: $3
- Insurance Fee: $4,200
- Operating Expenses: $43,918
- Other Fee: $9,402
- Security Deposit: Carbon Monoxide Detector(s)
- Assessment Year: 1896
- Tax Amount: $24,405.3
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
- Pays Electric: 850
- Pays Trash: 6000
Disclosures and Reports
- Property ID: 17064120280000
Listed by CR Realty Partners
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Schools
Schools serving 1048 N Ashland Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2009 W Schiller St, Chicago, IL 60622 | PK-8 | 0.7 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 0.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1048 N Ashland Ave
Date
Details
Price
Change
Source
3/29/2024
Listed
$1,600,000
247.83%
MLS
5/02/2003
Sold
$460,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1048 N Ashland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$24,405
2%
$113,958
—
2021
$23,854
60%
$113,958
78%
2020
$14,917
11%
$63,857
—
2019
$13,450
2%
$63,857
—
2018
$13,246
—
$63,857
9%
2017
$13,235
7%
$58,340
—
2016
$12,321
9%
$58,340
—
2015
$11,355
-2%
$58,340
—
2014
$11,529
9%
$58,340
—
2013
$10,611
1%
$58,340
—
2012
$10,469
—
$58,340
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1048 N Ashland Ave
1048 N Ashland Avenue, Chicago, IL 60622 (MLS# 12003019) is a Store property. 1048 N Ashland Avenue is currently listed for $1,600,000 and was received on March 29, 2024. Want to learn more about 1048 N Ashland Avenue? Do you have questions about finding other Store real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.