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$ 1,300,000
Est. payment /mo
New
3912 N Ashland AVE Chicago, IL 60613
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12547323
Bedrooms 5
Maintenance Fees $927
Year Built 1914
Annual Tax Amount $15,871
Tax Year 2024
Lot Dimensions 2875
Property Sub-Type Two to Four Units
Property Description
Incredible investment opportunity in Lakeview, ideally located on bustling Ashland Avenue just minutes from premier restaurants, nightlife, shopping, and transit. This well-maintained 3-story building offers approximately 3,724 SF of net rentable space, featuring a highly flexible layout with a total of 5 bedrooms and 4 bathrooms-perfect for an investor seeking strong cash flow with value-add upside. The property is supported by extensive recent capital improvements, including a new water service installed in 2023, updated plumbing and electrical completed in 2024, and a new ejector pump added in 2025, providing a truly turnkey ownership experience with major systems already addressed. A standout feature is the non-conforming owner's unit, which delivers exceptional optionality: it can be utilized as a work/live residence, leased traditionally, or operated as a short-term rental / Airbnb to maximize revenue. Additionally, there is value-add potential through rent enhancements, including the ability for a new owner to install in-unit washer and dryers, increasing tenant demand and supporting higher market rents. Whether you're looking for stable long-term income, short-term rental upside, or a hybrid work/live setup, 3912 N Ashland Ave presents a rare chance to acquire a flexible income-producing property in one of Chicago's most in-demand neighborhoods. Gross rental income assumes owners unit is occupied and renting at $3,000 a month.
Location
State IL
County Cook
Area Chi - Lake View
Rooms
Basement Unfinished, Partial
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tyler Weekes of Star Realty & Management