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$660,000 Just Listed
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Property Description
Investment Opportunity - Legal 3-Flat in Prime West Town (B2-3 Zoning) Exceptional value-add opportunity in the highly sought-after West Town area of Chicago. This historic, legal 3-unit building offers approximately 2,400 sq ft above grade, plus an additional 1,200 sq ft garden unit, providing significant upside potential. The property has already undergone substantial initial work, including major demolition, new roof, new gutters, new windows, and completed framing, allowing the next owner to move directly into the build-out phase. Key highlights: B2-3 zoning - ideal for mixed-use or flexible redevelopment 3 total units with the option to convert the garden unit to commercial or residential use (increased ceiling height already completed) Detached 2.5-car garage with rooftop deck potential Open to build-to-suit concepts Unique layout offering multiple design and income strategies Located just steps from Division, Ashland, and Milwaukee, this property sits in one of Chicago's hottest corridors with close proximity to the Blue Line, I-90/94, and multiple bus routes-making it highly attractive for both residential and commercial tenants. A rare opportunity to customize and maximize value in a prime location.
Full Property Details
Full Property Details for 1325 N Ashland Ave
General
- Price: $660,000
- Taxes: $13,276 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12598246
- Updated: 3/27/2026
- Added to Site: 6 day(s) ago
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: West on division from Bosworth right to Ashland North, end on east side of the street 1325 N Ashland.
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- Stories/Levels: 2
- Year Built: 1931
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 2,880
- Lot Dimensions: 24 x 120
Financial Considerations
- Assessment Year: 1931
- Tax Amount: $13,276.1
- Tax Year: 2024
Disclosures and Reports
- Property ID: 17051150120000
Listed by Fierro Legacy Realty Inc
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Schools
Schools serving 1325 N Ashland Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Lozano Elementary Bilingual & Intl Center 1501 North Greenview Avenue, Chicago, IL 60642 | PK-8 | 0.3 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1325 N Ashland Ave
Date
Details
Price
Change
Source
3/21/2026
Listed
$660,000
10.92%
MLS
9/07/2018
Sold
$595,000
—
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 1325 N Ashland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$14,357
—
$64,000
-3%
2023
$14,357
3%
$66,000
—
2022
$13,957
62%
$66,000
58%
2021
$8,622
153%
$41,712
181%
2020
$3,407
3%
$14,834
-7%
2019
$3,303
-68%
$15,943
-70%
2018
$10,298
1%
$52,976
8%
2017
$10,180
5%
$49,139
—
2016
$9,691
9%
$49,139
—
2015
$8,860
3%
$49,139
4%
2014
$8,609
32%
$47,130
—
2013
$6,508
-22%
$47,130
—
2012
$8,390
—
$47,130
—
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 1325 N Ashland Ave
1325 N Ashland Avenue, Chicago, IL 60622 (MLS# 12598246) is a Commercial property. 1325 N Ashland Avenue is currently listed for $660,000 and was received on March 21, 2026. Want to learn more about 1325 N Ashland Avenue? Do you have questions about finding other Commercial 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.

