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$3,125,000
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Property Description
A rare and exceptional investment opportunity, 1435-1439 N. Ashland Ave presents an 8-unit multifamily property situated on an oversized triple lot in the heart of Wicker Park-one of Chicago's most sought-after neighborhoods. Spanning two expansive buildings, this trophy asset offers a mix of generously sized, updated apartments, each featuring private outdoor space and access to a beautifully maintained shared courtyard. The property's unit mix-(3) 2BD/1BA, (1) 2BD/2BA, (2) 3BD/2BA, (1) 3BD/3BA, and (1) 4BD/3BA-is ideal for maximizing rental income in a high-demand rental market. Notably, five of the eight units are over 1,500 square feet, providing exceptional living space rarely found in this area. Interiors include in-unit laundry, hardwood floors, granite countertops, stainless steel appliances, and individual mechanical systems, offering modern conveniences with long-term durability. Current rents are significantly below market per square foot, presenting a clear value-add opportunity through light renovations or full redevelopment. Whether you're seeking stable income, future upside, or redevelopment potential, 1435-1439 N. Ashland Ave delivers on all fronts-making it a standout investment in an A+ location.
Full Property Details
Full Property Details for 1435 N Ashland Ave
General
- Sold For: $3,125,000
- Taxes: $23,131 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12359734
- Added to Site: 250 day(s) ago
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: West on Division, North on Ashland to property
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Foundation: Block, Brick/Mortar, Stone
- Roof: Composition, Membrane
- Stories/Levels: 3
- Square Feet: 13,420
- Year Built: 1894
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
- # Dryers: 8
Lot Features
- Lot Size (Sq. Ft.): 7,776
- Lot Dimensions: 72 x 108
Financial Considerations
- Operating Expenses: $54,797
- Assessment Year: 1894
- Tax Amount: $23,131
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 17051070070000
Listed and Sold by Star Realty & Management
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Schools
Schools serving 1435 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 | 0.1 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1435 N Ashland Ave
Date
Details
Price
Change
Source
8/14/2025
Sold
$3,125,000
-5.3%
MLS
5/11/2025
Listed
$3,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1435 N Ashland Avenue, Chicago, IL 60622 (MLS# 12359734) is a Commercial property that was sold at $3,125,000 on August 14, 2025. Want to learn more about 1435 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.

