3642 N Ashland Avenue
Chicago, IL 60613

Sold

Sold for $425,000 on Apr 1, 2026

Description

*CLOSED under MLS 12580326 ****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.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Closed
• Listing Price: $425,000
• County/Area: Cook County
• Zip Code: 60613
• Year Built: 1960
• Sq.Ft.: 2,700 sq ft
• Stories: 1
• Units: 1 unit
• Zoning: COMMR
• # Of Tenants: 1
• Building Area Total: 2700
• Ceiling Height (Ft): 10
• Construction Materials: Brick
• Cooling: Central Air
• Directions: Addison to Ashland north to property
• Electric: Circuit Breakers
• Flooring: Tile
• Gross Income: 52800
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas, None
• Investment (Y/N): Yes
• Leasable Area: 2625
• Location: Central Business District, Mixed Use Area, Free Standing/Urban
• Lot Size Square Feet: 2700
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 2625
• Property Offered: For Sale Only
• Roof Structure: Flat
• Tax Annual Amount: 25867
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Insurance, Repairs, Sewer
• Total Monthly Income: 4400
• Township: Lake View
• Utilities: Electric to Site, Natural Gas Available, Water Available