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$1,065,000
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Property Description
Presenting a single-tenant NNN investment opportunity in the West Lincoln Park neighborhood of Chicago. The property is 100% occupied by Mpower Energy, a well-established independent retail supplier of electricity and natural gas. They have occupied the entire building since 2019. Mpower Energy will execute a new 5-year NNN lease with little to no landlord responsibilities upon closing. The lease will include 2% annual escalations, generating a stable and growing income stream. This building sits near the highly trafficked corner of Ashland Ave & Fullerton Ave on the West side of Lincoln Park seeing +27k vehicles daily. It is also located just 0.5 miles from the DePaul University campus and 0.75 miles from I-90. The property is zoned B3-2, which allows for commercial uses on the first floor and residential uses above, giving the property flexibility for any future potential uses. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.
Full Property Details
Full Property Details for 2435 N Ashland Ave
General
- Price: $1,065,000
- Taxes: $22,358 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12513665
- Updated: 11/13/2025
- Added to Site: 71 day(s) ago
Interior
- Interior Features: Passenger Elevator(s), Private Restroom(s), Basement
- Flooring: Carpet
Location
- Area: CHI - Lincoln Park
- County: Cook
- Township: Lake View
- Driving Directions: On Ashland Ave North of Fullerton Ave
- Location Details: Chicago North, Central Business District, Corner, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Sub-Flooring: Carpet
- Stories/Levels: 2
- Square Feet: 2,576
- Current Bldg. Use: Commercial
- Year Built: 1889
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 2,034
- Lot Dimensions: 25 x 83
- Frontage: City Street
- Potential Use: Commercial, Retail
- Zoning: COMMR
Financial Considerations
- Lease Price: $31
- Assessment Year: 1889
- Tax Amount: $22,358
- Tax Year: 2023
- Tenant Pays: Common Area Maintenance, Taxes, Insurance
Disclosures and Reports
- Property ID: 14293170110000
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Schools
Schools serving 2435 N Ashland Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Prescott Elementary School 1632 West Wrightwood Avenue, Chicago, IL 60614 | PK-8 | 0.2 mi |
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614 | 9-12 | 1.3 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 2435 N Ashland Ave
Date
Details
Price
Change
Source
11/07/2025
Listed
$1,065,000
151.77%
MLS
4/10/2019
Sold
$423,000
—
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 2435 N Ashland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$22,358
3%
$105,967
—
2022
$21,796
2%
$105,967
—
2021
$21,309
32%
$105,967
47%
2020
$16,100
11%
$72,274
—
2019
$14,521
89%
$72,274
86%
2018
$7,674
-47%
$38,850
-42%
2017
$14,484
7%
$67,283
—
2016
$13,476
9%
$67,283
—
2015
$12,329
10%
$67,283
12%
2014
$11,190
2%
$60,311
—
2013
$10,969
1%
$60,311
—
2012
$10,823
—
$60,311
—
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 2435 N Ashland Ave
2435 N Ashland Avenue, Chicago, IL 60614 (MLS# 12513665) is a Commercial property. 2435 N Ashland Avenue is currently listed for $1,065,000 and was received on November 07, 2025. Want to learn more about 2435 N Ashland Avenue? Do you have questions about finding other Commercial real estate for sale in Lincoln Park? You can browse all Lincoln Park real estate or contact a Coldwell Banker agent to request more information.

