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19-Unit Apartment Building
For Sale
Contact for pricing
Pending

4841 N Ashland Ave, Chicago, IL 60640

Apartments offer hardwood flooring, quartz countertops, stainless steel appliances, and private laundry facilities.

Property SizeContact for details
Days on Market145

Property Features for 4841 N Ashland Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Public Transit Yes
Multifamily Units 19

Amenities

in-unit laundry
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: Kyle Stengle · License #IL 475.138461
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 1 at 3:51AM

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 Marcus & Millichap - Chicago Downtown

Investment Insights

Based on property information with market context.

This multifamily property at 4841 N Ashland Ave in Chicago comprises 19 apartments. Interior features include hardwood flooring, quartz countertops, stainless steel appliances, and in-unit laundry, providing a consistent finish package across the residences.

Transit access is supported by several nearby CTA and Metra connections. The CTA 81 bus stop is a three-minute walk away, while CTA 22 bus stops are four minutes on foot. The CTA Argyle Red Line station is within a 15-minute walk, and Metra’s Ravenswood station is a seven-minute walk from the property. The asset is located in Ravenswood, a sub-neighborhood of Lincoln Square.

Key Highlights

  • 19 apartments at 4841 N Ashland Ave in Chicago, IL 60640
  • Hardwood floors throughout the apartment interiors
  • Quartz countertops and stainless steel appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Home Appliance Store (Bike/Boat/Book/etc) Store Nursing Home Locksmith Catering Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19
Residential units

Location Intelligence

Trade Area within ½ mile

4,421
Businesses Nearby

Demographics for 60640, IL

65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartments offer hardwood flooring, quartz countertops, stainless steel appliances, and private laundry facilities.
Where is this apartment building located?
The property is located at 4841 N Ashland Ave Chicago, IL.
What are key features of this property?
This property features: 19 apartments at 4841 N Ashland Ave in Chicago, IL 60640; Hardwood floors throughout the apartment interiors; Quartz countertops and stainless steel appliances
(312) 636-6383 Call to check price and availability
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