3615 N Ashland Avenue C1N

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3615 N Ashland Avenue C1N

Chicago, IL 60613
Asking Price
$338K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment asset located in the Lakeview neighborhood of Chicago.
  • Property is currently listed for sale at a price of $338,000.
  • This building configuration consists of a single residential apartment unit.
  • Situated at 3615 N Ashland Avenue in the 60613 zip code.
  • Located within a dense and highly active residential urban market.

What's Special

Priced at $338,000, this multifamily apartment building at 3615 N Ashland Avenue offers a residential investment opportunity in Chicago. Situated within the Lakeview neighborhood, this asset provides proximity to the dense retail and entertainment corridors that define this well-established North Side community. The property is positioned to serve a stable tenant base drawn to the area’s walkability, public transit access, and proximity to Lake Michigan. The single-unit layout presents a straightforward ownership experience, suitable for individual investors looking for a foothold in the Chicago market. Given the location in a densely populated urban area, this apartment building functions effectively as a long-term hold for those seeking a presence in one of the city's most consistent submarkets. Its proximity to major thoroughfares and local commercial hubs ensures ongoing tenant interest in this high-demand residential landscape.

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NOI
$80,000
Cap Rate
23.67%
DSCR
3.99
Strong
Cash-on-Cash
59.11%
Monthly Payment
$1,672.24
Annual Cash Flow
$59,933.125

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