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$644,000
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Property Description
Exceptional & Rare Investment Opportunity To Acquire This Spacious Brick & Frame 2-Flat Building in The Coveted West Town Area. The Unique 5 Car 12 Feet Garage With 10 Foot Garage Door Has Infinite Possibilities For Running A Highly Successful Business. 1St Apartment Features: Recently Painted Front Room & New Glass Block Window, 2 Bedrooms, 1 Bathroom, Living Room, Dining Room, Kitchen & Polished Hardwood Floors. 2Nd Apartment Features: Recently Painted With New Front Windows, 2 Bedrooms, 1 Bathroom With New Sink, New Faucet, New Toilet, New Towel Bars, New Whirlpool Tub, Spacious Kitchen With New Oven & Fridge, New Faucet, Refinished Hardwood Floors & Skylights With New Flashing, New Back Door & Sliding Glass Door. New Front Doors For Both Units Installed in 2024, Within The Last 5 Years All New Light Fixtures, New Led Can Lights, New Plumbing Fixtures, Refinished Hardwood Floors & Each Unit Has Its Own Washer & Dryer (2023). New Water Heater For 1St Floor Installed in 2023, Hvac & A/C 2023. Full Tear Off & Brand-New Roof, Siding & 4 Inch Gutters, Front Facade (Outer Brick & Inner Cinder Blocks in June Of 2024. New Front Side Gate & New Mail Boxes Installed in September Of 2024. Unique & Spacious 10 Foot 5.5 Car Garage With Serviced Central Heat & New Garage Door Opener (2024). You Can Reside in One Unit & Rent The Other Or Simply Purchase Fully For Investment. Rents in The Area For 2 Bedroom/1 Bathroom Apartments Range From $2,000 - $2,500 Plus Additional Rental Income From The Garage $1,000 - $1,500 Or More. Close Proximity To Grocery Stores (Marianos), Coffee Shops, Entertainment, Dining, Metra & I90. 3 Lots For Sale Next To Each Other 524 N. Ashland Ave/526 N. Ashland Ave (Industrial Commerical Office/Warehouse) & 530 N. Ashland Ave, Zoned B3-2. Possibilty Of Building A Multiple Apartment Building (Re-Zoning Required To Rm-5/Buyer Responsible For Veryfing).
Full Property Details
Full Property Details for 524 N Ashland Ave
General
- Sold For: $644,000
- Taxes: $11,639 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12493018
- Added to Site: 146 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Intercom, Carbon Monoxide Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters
Parking
- Garage: Yes
- Garage Spaces: 5
- Total Spaces: 5
- Parking Features: Garage Door Opener, Garage, Yes, Garage Owned, Detached
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Grand Ave East to Ashland Ave North to Property
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Aluminum Siding, Brick
- Exterior Const.: Aluminum Siding, Brick
- Basement Desc.: Unfinished, Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Manufactured Home
- Model: 2-FLAT
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 2568
- Fence: Yes
- Zoning: MULTI
- Fencing (Description): Fenced
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1900
- Tax Amount: $11,639
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 17072240230000
Listed by United Real Estate-Chicago
Sold by O W Auction Group LLC
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Schools
Schools serving 524 N Ashland Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Talcott Elementary School 1840 West Ohio Street, Chicago, IL 60622 | K-8 | 0.4 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 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 524 N Ashland Ave
Date
Details
Price
Change
Source
1/23/2026
Sold
$644,000
-0.91%
MLS
10/10/2025
Listed
$649,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
524 N Ashland Avenue, Chicago, IL 60622 (MLS# 12493018) is a Multi-Family property that was sold at $644,000 on January 23, 2026. Want to learn more about 524 N Ashland Avenue? Do you have questions about finding other Multi-Family 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.

