2435 N Ashland Ave Chicago, IL 60614
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
Source:
Corcoran
Listing Agency: COMPASS Listing Agent: Thomas Wagner
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6678455
- Latitude
- 41.926198
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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.
