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$599,900 Just Listed
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Property Description
HOT West Town/ Wicker Park 4 UNIT under $1M??? Prime corner location accross from Hyatt Place and the in demand Kennedy RoofTop! Beautiful 4 UNIT with flexible B32 Zoning, with an expansive patio/rooftop, all brick property with 3 residential apartments - 1/1 each, 1 commercial storefront with an open floor plan and a full unfinished basement, 2 car attached garage. Location with ample shopping, nightlife, parks and recreation in the area, public transporation: regurlar bus service, walking distance to both the Division and Damen Blue Line, walkng distance to the Clybourn Metra; a commuter's dream. This is a family occupied building, so rents are well below market and ready for new owner to maximize revenue and value on this great investment via stabilization and strategic improvements! Boutique cafe? So much opportunity. No Seller financing. "As Is" appraisal on hand at $625K! Lis Pendens from the City of Chicago Case#20231401774, seller has an estimate of approximately $68K for the masonry work, permits applied for; however, seller chose to let the new owner decide the work to be done as part of their own reno plan. Scafolding already in place, permits and violations will transfer with sale. Sold AS IS WHERE IS. Neither seller, seller's agent or seller's brokerage make any respresentations, warranties or guarantees expressed or implied. Conduct independent due diligence.
Full Property Details
Full Property Details for 1532 N Ashland Ave
General
- Price: $599,900
- Taxes: $979 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12545731
- Updated: 1/15/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: Multi-Tenant, Private Restroom(s), Skylight(s), Basement
- Flooring: Varies, Vinyl, Wood, Other
Additional Information
- Security/Safety: Carbon Monoxide Detector(s)
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: 1 block south of North Ave on Ashland, to 1532 N Ashland. Building is on the south west corner of Pierce and Ashland.
- Location Details: Downtown Chicago, Chicago North, Corner, Mixed-Use Area, Public Transport Avail, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas, Hot Water, Radiators
Utilities
- Sewer: Storm Sewer
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Water Available, Cable Available
Structural Information
- Construction: Brick, Concrete
- Exterior Const.: Brick, Concrete
- Foundation: Concrete Perimeter, Pillar/Post/Pier
- Sub-Flooring: Varies, Vinyl, Wood, Other
- Stories/Levels: 2
- Square Feet: 2,844
- # of Stores: 1
- Year Built: 1932
- Built Before 1978: Yes
Unit Information
- # Tenants: 4
- Units w/Refrigerators: 3
- Units w/Range/Oven: 3
Lot Features
- Lot Size (Sq. Ft.): 1,826
- Lot Dimensions: 22 x 83
- Frontage: City Street, Public Road
- Drainage: Storm Sewers
- Potential Use: Commercial, Multi-Family, Retail
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $5,000
- Operating Expenses: $6,979
- Other Fee: $250
- Security Deposit: Carbon Monoxide Detector(s)
- Assessment Year: 1932
- Tax Amount: $979.25
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Pays Electric: 250
- Pays Sewer: Storm Sewer
Disclosures and Reports
- Documents Avail.: Rent Roll, Legal-Description, Floor Plan, Tax Bill
- Property ID: 17062060390000
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Schools
Schools serving 1532 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 | 0.2 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.7 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 1532 N Ashland Ave
Date
Details
Price
Change
Source
1/12/2026
Listed
$599,900
—
MLS
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 1532 N Ashland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$979
—
$58,000
—
2022
$982
5%
$58,000
—
2021
$935
-3%
$58,000
8%
2020
$967
—
$53,468
-10%
2019
$965
2%
$59,409
—
2018
$950
-7%
$59,409
-5%
2017
$1,019
-30%
$62,628
—
2016
$1,451
4%
$62,628
—
2015
$1,397
1%
$62,628
25%
2014
$1,388
-1%
$49,975
—
2013
$1,397
6%
$49,975
—
2012
$1,312
—
$49,975
—
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 1532 N Ashland Ave
1532 N Ashland Avenue, Chicago, IL 60622 (MLS# 12545731) is a Commercial property. 1532 N Ashland Avenue is currently listed for $599,900 and was received on January 12, 2026. Want to learn more about 1532 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.

