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2435 N Ashland Ave Chicago, IL 60614

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For Sale
$1,065,000

Single-tenant NNN investment opportunity in West Lincoln Park, Chicago.

Property Features for 2435 N Ashland Ave

General Information

Standard status
Active

Building Details

Year built
1889

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Listing Contact
Thomas Wagner
Source: Corcoran

Listing Agency: COMPASS Listing Agent: Thomas Wagner

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

West Lincoln Park NNN Investment

This single-tenant NNN investment opportunity is located in the West Lincoln Park neighborhood of Chicago. The property is 100% occupied by Mpower Energy, an independent retail supplier of electricity and natural gas, which has occupied the entire building since 2019. Upon closing, Mpower Energy will execute a new 5-year NNN lease with minimal landlord responsibilities. The lease includes 2% annual escalations, providing a stable and growing income stream. The building is situated near the corner of Ashland Avenue and Fullerton Avenue on the west side of Lincoln Park, experiencing over 27,000 vehicles daily. It is also located 0.5 miles from the DePaul University campus and 0.75 miles from I-90. Zoned B3-2, the property allows for commercial uses on the first floor and residential uses above, offering flexibility for future potential uses. This property represents a secure, long-term, passive investment in a desirable area of Chicago.
Location Intelligence

Current Use by Public Records

Kotz-Joob Nanette S Physician Mpower Direct Solar Energy Company

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6678455
Latitude
41.926198

FAQs

What type of property is this?
NNN property - Single-tenant NNN investment opportunity in West Lincoln Park, Chicago.
Where is this nnn property located?
The property is located at 2435 N Ashland Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,065,000.
What are key features of this property?
This property features: - New 5-year NNN lease with Mpower Energy provides a secure, passive income stream.; - 2% annual lease escalations ensure a stable and growing return on investment.; - Located in the desirable West Lincoln Park neighborhood of Chicago.
More about this property
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