Mixed-Use
1637 N Ashland Avenue, Chicago, IL 60622
For Sale
Contact for pricing
The building sits near North and Ashland, with public transit and dining options within walking distance.
Property Size7,248 SF
Price / SF$227.65
Days on Market11
Property Features for 1637 N Ashland Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Asking Price
Listing Agency:
Avalon Realty Associates, LLC
Listed By:
Carlo Santucci · License #471.017723
(847) 293-2547
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 5:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avalon Realty Associates, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property comprises a 7,248-square-foot building in Chicago’s Bucktown neighborhood. Its setting near the North and Ashland intersection places it close to public transit, bars, restaurants, and a recently opened hotel. Highway access is also noted.
Key Highlights
- 7,248 SF mixed‑use building
- Near the North and Ashland intersection in Bucktown
- Public transit nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,310
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,446,200
$2.4M
Cap Rate 7%
$1,747,286
$1.7M
Cap Rate 9%
$1,359,000
$1.4M
Market Conditions
NOI Build-Up for 7,248 SF
Gross rent
$217.4K $30.00/SF
− Vacancy
−$21.7K −$3.00/SF
EGI
$195.7K $27.00/SF
− OpEx
−$73.4K −$10.13/SF
NOI
$122.3K $16.88/SF
Area
Chicago, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,446,200
Cap Rate 7%
$1,747,286
Cap Rate 9%
$1,359,000
Alternative Uses
Best Use
Mixed Use
$1.75M
$1.53M – $2.04M
NOI $122,310 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.42M
$2.99M – $3.99M
NOI $239,219 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,965
Businesses Nearby
Explore this area
Business Placement
Demographics for 60622, IL
55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Chicago, IL
Properties on Market for Mixed-use properties in Chicago
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building sits near North and Ashland, with public transit and dining options within walking distance.
Where is this mixed-use property located?
The property is located at 1637 N Ashland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 7,248 SF mixed‑use building; Near the North and Ashland intersection in Bucktown; Public transit nearby
