1. Illinois
2. Chicago
3. 3003 N Ashland Avenue

3003 N Ashland Avenue, Chicago, IL 60657

• 7 beds |
• 5 baths

Property Description

Located in the vibrant and highly desirable Lakeview neighborhood of Chicago, this property presents a unique opportunity for both investors and owner-occupiers. It is a 3-flat with a coach house and a fifth unit available-though the legality of the additional unit is not confirmed. Currently, the first-floor space is rented as a one-bedroom, one-bathroom residence, but it has the potential to be converted into office space. Buyers should perform their own due diligence regarding the permitted use of this space. The first-floor unit offers flexible use potential, providing an excellent opportunity to significantly increase rental income. Long-term tenants are in place, and there is potential to raise rents with some updates and TLC. The building is being sold as-is, with some repairs and renovations needed. Situated in a walkable neighborhood, the property is close to parks, recreational areas, and iconic attractions like Wrigley Field. It is also conveniently located near major grocery stores, including Whole Foods and Jewel, within walking distance. The area is surrounded by boutique shops, popular restaurants, and vibrant nightlife, with excellent public transportation options nearby, including CTA trains and buses. With its versatile layout and prime location, this property offers substantial investment and development potential, making it an ideal choice for those looking to capitalize on the thriving Lakeview market.

Listing Status:

Active

Listing Office:

Coldwell Banker Realty : 847-962-1130

Listing Agent:

Olya Ellis : 847-962-1130

MLS ID:

12428126

Interior

• Basement: FinishedFullWalk-Out Access
• Heating: Natural GasRadiator(s)Space Heater

Exterior

Location

Lot

Utilities

Financial

This listing courtesy of Olya Ellis, Coldwell Banker Realty