End-Unit Residential Income
For Sale
$550,000
727 S Ashland Avenue Unit B, Chicago, IL 60607
The two-level townhome offers three bedrooms, an updated kitchen, in-unit laundry, and private outdoor space.
Property Size1,750 SF
Price / SF$314.29
Days on Market85
Property Features for 727 S Ashland Avenue Unit B
General Information
Standard status
Active
Size
1,750 SF
Property subtype
1/2 Duplex,Townhouse-2 Story
Site & Location
Neighborhood
Little Italy
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,660
Building Details
Building Size
1,750 SF
Year Built
1989
Stories
2
Listing Agency:
@properties Christie's International Real Estate
Listed By:
Joy Residential
(312) 607-8010
Source:
Joy-residential
Added: Aug 4
Changed: Oct 26
Last Checked: Oct 26 at 3:16PM
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 @properties Christie's International Real Estate
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Investment Insights
Based on property information with market context.
This 1,750-square-foot, two-level end-unit townhome was built in 1989 and has three bedrooms. The updated eat-in kitchen features wood cabinetry, granite counters, stainless steel appliances, and storage. A fireplace, automatic blinds, and access to private outdoor space are part of the living and dining area. The primary suite includes a walk-in closet and an en-suite bath with a Jacuzzi tub; two additional bedrooms, a full hall bath, and in-unit laundry complete the upper level. Heated bathroom floors and windows on three sides are also present.
The property is in Chicago’s Illinois Medical District, with access to the CTA Pink and Blue Lines and the #9 bus. Rush University Medical Center, Taylor Street dining, parks, shopping, Costco, Jewel-Osco, restaurants, major expressways, and the lakefront are among the nearby destinations identified.
The property is in Chicago’s Illinois Medical District, with access to the CTA Pink and Blue Lines and the #9 bus. Rush University Medical Center, Taylor Street dining, parks, shopping, Costco, Jewel-Osco, restaurants, major expressways, and the lakefront are among the nearby destinations identified.
Key Highlights
- 1,750‑square‑foot, two‑level end‑unit townhome
- Three bedrooms, including a primary suite with walk‑in closet and en‑suite bath
- Updated eat‑in kitchen with granite counters and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,826
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,520
$536.5K
Cap Rate 7%
$383,229
$383.2K
Cap Rate 9%
$298,067
$298.1K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$51.5K $29.40/SF
− Vacancy
−$2.7K −$1.53/SF
EGI
$48.8K $27.87/SF
− OpEx
−$21.9K −$12.54/SF
NOI
$26.8K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,520
Cap Rate 7%
$383,229
Cap Rate 9%
$298,067
Alternative Uses
Best Use
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,826 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.1K
$722.0K – $962.6K
NOI $57,758 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8,974
Businesses Nearby
Explore this area
Business Placement
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-level townhome offers three bedrooms, an updated kitchen, in-unit laundry, and private outdoor space.
Where is this residential income property located?
The property is located at 727 S Ashland Avenue Unit B Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,750‑square‑foot, two‑level end‑unit townhome; Three bedrooms, including a primary suite with walk‑in closet and en‑suite bath; Updated eat‑in kitchen with granite counters and stainless steel appliances
