3912 N Ashland Avenue, Chicago, IL 60613
Local realty services provided by:CENTURY 21 New Heritage
3912 N Ashland Avenue,Chicago, IL 60613
$1,300,000
- 5 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tyler weekes
Office: star realty & management
MLS#:12547323
Source:MLSNI
Price summary
- Price:$1,300,000
About this home
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.
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Home facts
- Year built:1914
- Listing ID #:12547323
- Added:1 day(s) ago
- Updated:January 15, 2026 at 12:40 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1914
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,300,000
- Tax amount:$15,872 (2024)
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