Condo-Quality Three-Flat with Potential to Add Value
Sold
7716 N. Ashland Ave.
Chicago, IL 60626
8,708 SF
Multi-Family
The Details
- 8,708 SF multi-family building
- Three-flat apartment building
- Unit 1 – rented 1 bedroom
- Unit 2 – rented 2 bed, 2 bath
- Duplex – 3 bed, 3.5 bath
- Units 1 & 2 are condo-quality
- Duplex unit is partially finished and can potentially be split into 2 units
- Great opportunity to add value
- Pro Forma NOI: $70,785
- Individually metered units
- Three car garage at rear of site
- Land Area: 3,960 SF
- Zoning: RT-4
Bank Orders Sale
A three-flat apartment building with the potential to add value is available for sale. The building has two condo-quality apartments, both of which are currently leased. Both of these units have updated kitchens and baths, in-unit laundry, hardwood floors, radiant floor heating and central air. The building also includes a duplex unit that is partially finished with many of the same condo-quality features and can potentially be split into two units. There is also a three car garage with a rooftop deck.
Rogers Park is a neighborhood on Chicago’s far north side on the border with Evanston. This building is less than a block away from Gale Elementary Community Academy, a math and science focused elementary school.