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$1,200,000
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Property Description
This fully renovated multifamily property presents a turn-key investment opportunity with full occupancy and strong in-place cash flow. The attractive brick building features modernized layouts with open floor plans, newly updated kitchens, and contemporary bathrooms, appealing to today's renters seeking both style and functionality. The renovations enhance the property's long-term durability while reducing near-term capital needs, offering investors peace of mind and stable operations from day one. Adding to the upside, the property includes a vacant coach house located above the rear garage. This space is primed for renovation and conversion into an additional rental unit, providing a clear path for increased income and property value. With its blend of stabilized tenancy and future growth potential, this asset offers investors a rare opportunity to acquire a well-positioned property that combines immediate returns with long-term upside.
Full Property Details
Full Property Details for 1813 S Ashland Ave
General
- Price: $1,200,000
- Taxes: $11,665 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12506571
- Updated: 10/29/2025
- Added to Site: 80 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - Lower West Side
- County: Cook
- Township: West Chicago
- Driving Directions: 18th Street & Ashland Ave, south to 1813 on the East Side of the Street
- Location Details: Chicago South, Chicago West
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 5,904
- # of Stores: 1
- Year Built: 1893
- Built Before 1978: Yes
Unit Information
- # Tenants: 5
- Units w/Range/Oven: 4
- # Dryers: 4
Lot Features
- Lot Size (Sq. Ft.): 2,989
- Lot Dimensions: 24 x 125
- Zoning: COMMR
Financial Considerations
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1893
- Tax Amount: $11,665
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 17203080060000
Listed by Sperry Van Ness
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Schools
Schools serving 1813 S Ashland Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Cooper Elementary Dual Language Academy 1624 West 19th Street, Chicago, IL 60608 | PK-5 | 0.1 mi |
Juarez Community Academy High School 1450 West Cermak Road, Chicago, IL 60608 | 9-12 | 0.3 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 1813 S Ashland Ave
Date
Details
Price
Change
Source
10/29/2025
Listed
$1,200,000
458.14%
MLS
2/13/2014
Sold
$215,000
—
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 1813 S Ashland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,665
3%
$55,287
—
2022
$11,372
-7%
$55,287
-9%
2021
$12,267
66%
$61,000
84%
2020
$7,402
-4%
$33,228
-13%
2019
$7,674
2%
$38,194
—
2018
$7,545
63%
$38,194
78%
2017
$4,628
7%
$21,500
—
2016
$4,306
9%
$21,500
—
2015
$3,940
-1%
$21,500
-11%
2014
$3,996
2%
$24,105
—
2013
$3,906
1%
$24,105
—
2012
$3,878
—
$24,105
—
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 1813 S Ashland Ave
1813 S Ashland Avenue, Chicago, IL 60608 (MLS# 12506571) is a Commercial property. 1813 S Ashland Avenue is currently listed for $1,200,000 and was received on October 29, 2025. Want to learn more about 1813 S Ashland Avenue? Do you have questions about finding other Commercial real estate for sale in Lower West Side? You can browse all Lower West Side real estate or contact a Coldwell Banker agent to request more information.

