West Lincoln Park Investment
For Sale
$1,150,000
2527 N Ashland Avenue, Chicago, IL 60614
Fully leased 3-flat near DePaul University and Wrightwood Park.
Property Size3,146 SF
Price / SF$365.54
Days on Market213
Property Features for 2527 N Ashland Avenue
General Information
Standard status
Active
Size
3,146 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Bucktown
Amenities
Natural Gas
Forced Air
Sep Heating Systems - 2+
Patio, Asphalt
Building Details
Year Built
1908
Listing Agency:
Compass
Listed By:
Michael Mandile · License #475174712
(847) 322-8827
Source:
Kw
Added: Mar 27
Changed: Oct 4
Last Checked: Oct 24 at 9:24PM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a fully leased three-unit building in West Lincoln Park. The property is located moments from DePaul University, Wrightwood Park, and other neighborhood amenities. The building has been meticulously maintained and offers long-term investment potential. Recent upgrades include updated heat, air, roof, hot water tanks, and windows. The property is fully fenced and features rear outdoor space with alley access and parking for each unit. The property size is 3146 square feet.
Key Highlights
- Prime West Lincoln Park location, near DePaul University and Wrightwood Park.
- Fully leased 3‑flat providing immediate income.
- Recent upgrades to heat, air, roof, hot water tanks, and windows.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,443
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,048,860
$1.0M
Cap Rate 7%
$749,186
$749.2K
Cap Rate 9%
$582,700
$582.7K
Market Conditions
NOI Build-Up for 3,146 SF
Gross rent
$79.3K $25.20/SF
− Vacancy
−$4.4K −$1.39/SF
EGI
$74.9K $23.81/SF
− OpEx
−$22.5K −$7.14/SF
NOI
$52.4K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,048,860
Cap Rate 7%
$749,186
Cap Rate 9%
$582,700
Alternative Uses
Best Use
Multifamily LT 5
$749.2K
$655.5K – $874.1K
NOI $52,443 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$688.9K
$602.8K – $803.8K
NOI $48,226 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,833 @ 7.0% cap · market cap 9.03%
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
Location Intelligence
Trade Area within ½ mile
2,914
Businesses Nearby
Explore this area
Business Placement
Demographics for 60614, IL
73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased 3-flat near DePaul University and Wrightwood Park.
Where is this triplex located?
The property is located at 2527 N Ashland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Prime West Lincoln Park location, near DePaul University and Wrightwood Park.; Fully leased 3‑flat providing immediate income.; Recent upgrades to heat, air, roof, hot water tanks, and windows.
