1526 Ashland Ave Chicago, IL 60622-2229
- Residential income homes
- 1,932 SF
- 0.05 lot acres
Aug 25, 2021
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
-
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
- AI Estimate
- $318,000
Market price range: $416k - $696kMarket price range: $186k - $364k
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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