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Property profile & analytics

1526 Ashland Ave Chicago, IL 60622-2229

  • Residential income homes
  • 1,932 SF
  • 0.05 lot acres
OFF-MARKET
Last Sale
Aug 25, 2021
$375,000
Value Estimations
$415,000
Show details
Cap Rate Potential
8%
Residential income homes
Location Intelligence
Property ID
US28-0009876
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Allstate Insurance Agent: Harry Cotter / Insurance Company / Life Insurance Agency
  • Robert Armour: Allstate Insurance / Insurance Agency / Auto Insurance Agency
  • Robert Armour / Insurance Agency / Auto Insurance Agency

Property Details for 1526 Ashland Ave

Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.05 lot acres
Property size
1,932 SF
Property type
Residential income homes
Property subtype
Small apartment buildings
APN
17-06-206-041
APU
1706206041

Description

This attractive two-story brick building at 1526 N. Ashland Ave, Chicago, IL 60622, presents a fantastic investment opportunity in the vibrant Wicker Park/Bucktown neighborhood. Situated on a 1,997 sq ft lot zoned B3-2, the property enjoys a prime location on high-traffic Ashland Avenue (23,100 vehicles daily) with easy access to I-90/94. The building features a mixed-use configuration, including a retail store and a residential apartment, both boasting newly updated interiors and hardwood floors throughout. The apartment comprises two bedrooms, a living room, dining area, kitchen, and 1.5 bathrooms, with in-unit laundry. The store also includes 1.5 bathrooms and its own washer and dryer in the basement. The building features a granite front and offers rear parking. The asking price for this exceptional property is $480,000. This is a rare chance to acquire a well-maintained, income-generating property in a highly desirable Chicago location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $405,000
    ML approach
    $410,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $535,000
    6.5%
    $495,000
    7%
    $460,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $624,000
    Market price range: $416k - $696k
    AI Estimate
    $318,000
    Market price range: $186k - $364k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.668
Latitude
41.9096
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$11,664
$15,936
$39,220
$55,156
-
$159,360
$392,200
$551,560
More about this property
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