Rare opportunity! Entire city block on busy North Ashland Avenue, bordered by West Carmen Avenue to the north and West Winnemac Avenue to the south. The site includes a 100 Ft. parking lot on the South end of the street, followed by a mix of residential buildings (ranging from a single-family home to a four-unit, two-story apartment building), as well as another vacant lot at the North end of the property. The existing residential buildings on the site are fully rented and produce positive net cash flow. Income Statement available upon request. All leases are short-term. Great potential for upzoning. Increase the density of residential units or develop more mixed-use property with this rare opportunity.
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For more information about 5036-5058 N Ashland, Chicago, IL 60640 contact Corcoran Urban Real Estate.
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Listing provided by Strauss Realty Ltd
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