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$425,000 Just Listed
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Property Description
Prime investment opportunity in the heart of Lakeview! This approximately 2,700 square foot C1-2 zoned property offers incredible flexibility for investors, developers, or owner-users. Keep the existing one-story brick storefront-currently leased to an established business-or explore the potential to build up or start fresh and maximize the site's value. The building is being sold real estate only, with a month-to-month tenant in place who can remain for steady income or vacate to suit your plans. Ideally located just blocks from the Addison Station and situated along highly trafficked Ashland Avenue in the sought-after Lakeview neighborhood, this property offers outstanding visibility, accessibility, and long-term upside. A rare opportunity in a prime corridor-bring your vision and unlock the potential.
Full Property Details
Full Property Details for 3642 N Ashland Ave
General
- Price: $425,000
- Taxes: $25,867 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12580315
- Updated: 3/1/2026
- Added to Site: 1 day(s) ago
Interior
- Flooring: Tile
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Lake View
- County: Cook
- Township: Lake View
- Driving Directions: Addison to Ashland north to property
- Location Details: Central Business District, Mixed-Use Area, Freestanding/Urban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas, None
Utilities
- Onsite: Electricity to Site, Natural Gas Available, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Ceiling Height: 10
- Sub-Flooring: Tile
- Stories/Levels: 1
- Square Feet: 2,700
- Current Bldg. Use: Commercial
- Year Built: 1960
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 2,700
- Lot Dimensions: 108 x 25
- Frontage: City Street, Signal Intersection
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other
- Assessment Year: 1960
- Tax Amount: $25,867
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Insurance, Repairs, Sewer
Disclosures and Reports
- Property ID: 14192320260000
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Schools
Schools serving 3642 N Ashland Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hamilton Elementary School, Chicago, IL 1650 West Cornelia Avenue, Chicago, IL 60657 | PK-8 | 0.2 mi |
Lake View High School 4015 North Ashland Avenue, Chicago, IL 60613 | 9-12 | 0.5 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 3642 N Ashland Ave
Date
Details
Price
Change
Source
3/01/2026
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3642 N Ashland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$26,251
3%
$124,416
—
2022
$25,590
2%
$124,416
—
2021
$25,019
1%
$124,416
12%
2020
$24,811
11%
$111,375
—
2019
$22,377
2%
$111,375
—
2018
$22,000
1%
$111,375
10%
2017
$21,796
7%
$101,250
—
2016
$20,279
9%
$101,250
—
2015
$18,554
6%
$101,250
7%
2014
$17,533
2%
$94,500
—
2013
$17,187
1%
$94,500
—
2012
$16,958
—
$94,500
—
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 3642 N Ashland Ave
3642 N Ashland Avenue, Chicago, IL 60613 (MLS# 12580315) is a Commercial property. 3642 N Ashland Avenue is currently listed for $425,000 and was received on March 01, 2026. Want to learn more about 3642 N Ashland Avenue? Do you have questions about finding other Commercial real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.

