4758 N Ashland Avenue
Chicago, IL 60640

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Description

This iconic corner Terra Cotta Building is hitting the market for the first time in more than twenty years! The gorgeous mixed-use building is a true architectural gem, filled with historic features and a show-stopper facade with beautiful ornaments, but also meticulously maintained throughout time. Located in the East Ravenswood/Andersonville neighborhood, the property gets heavy pedestrian traffic, around 31,000 cars per day on Ashland and 16,000 cars a day on Lawrence, has convenient access to public transit, ample street parking around, and is surrounded by a wide variety of entertainment, restaurants, and shopping spots. There are two great-sized stores on the first floor, 1200 Sq. Ft. each and each has a half bathroom in it, and there is an immaculate basement 2400 Sq. Ft with high ceilings. All new mechanicals and improvements in the 1607 W Lawrence store, including 400-amp electric, dedicated HVAC unit, water heater, sand blasted and sealed exposed brick with historic interior stained-glass window feature. The huge and unique 2bed/2bath (2200 Sq. Ft) unit upstairs was recently renovated while keeping many vintage details like the real plaster/stucco ornaments around the five ceiling fans and the beautiful crown molding. All hardwood floors throughout, and massive size bedrooms with lots of closets, and the master has an antique fireplace. The unit also has a huge kitchen with plenty of cabinets and counter space, washer and dryer, and great flowing natural light. Must See!

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60640
• Year Built: 1924
• Sq.Ft.: 4,808 sq ft
• Stories: 2
• Units: 3 units
• Fireplace: 1
• # Of Apts: 1
• # Of Dishwashers: 1
• # Of Dryers: 1
• # Of Ranges: 1
• # Of Refrigs: 1
• # Of Stores: 2
• # Of Tenants: 2
• # Of Washers: 1
• Approximate Age: Older
• Building Area Total: 4808
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air, Office Only
• Directions: South West corner of Lawrence and Ashland
• Electric: Circuit Breakers
• Electric Expense: 450
• Expense Year: 2024
• Fire Protection: Fire Extinguisher/s
• Flooring: Tile, Wood
• Foundation Details: Concrete Perimeter
• Geographic Locale: Chicago North
• Gross Income: 85680
• Gross Rent Multiplier: 13.9
• Gross Scheduled Income: 59640
• Heat/Ventilation: Forced Air
• Information: Seller's Disclosure
• Insurance Expense: 4508
• Lot Size Square Feet: 2464
• Main Type: Commercial Sale
• Operating Expense: 21084
• Original Rental Price: 21.7
• Other Expense: 500
• Property Sub Type: Mixed Use
• Rental Price: 21.7
• Roof: Rubber
• Roof Structure: Flat
• Tax Annual Amount: 14186.9
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Annual Expense Source: Combination
• Total Monthly Income: 4970
• Township: Lake View
• Water Sewer Expense: 1439