31
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Listed by Mario Fierroof FIERRO LEGACY REALTY INC
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Est. payment /mo
Active
1325 N Ashland AVE Chicago, IL 60622
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12598246
Year Built 1931
Annual Tax Amount $13,276
Tax Year 2024
Lot Dimensions 24x120
Property Sub-Type Mixed Use
Property Description
Investment Opportunity - Legal 3-Flat in Prime West Town (B2-3 Zoning) Exceptional value-add opportunity in the highly sought-after West Town area of Chicago. This historic, legal 3-unit building offers approximately 2,400 sq ft above grade, plus an additional 1,200 sq ft garden unit, providing significant upside potential. The property has already undergone substantial initial work, including major demolition, new roof, new gutters, new windows, and completed framing, allowing the next owner to move directly into the build-out phase. Key highlights: B2-3 zoning - ideal for mixed-use or flexible redevelopment 3 total units with the option to convert the garden unit to commercial or residential use (increased ceiling height already completed) Detached 2.5-car garage with rooftop deck potential Open to build-to-suit concepts Unique layout offering multiple design and income strategies Located just steps from Division, Ashland, and Milwaukee, this property sits in one of Chicago's hottest corridors with close proximity to the Blue Line, I-90/94, and multiple bus routes-making it highly attractive for both residential and commercial tenants. A rare opportunity to customize and maximize value in a prime location.
Location
State IL
County Cook
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
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Patrick Clarke
Broker | License ID: 471.007683