3,511 sq ft;
lot: 2614 sq ft lot
Commercial: Multi Family 5+ - MLS# 12543908
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Description
WE ARE IN A MULTIPLE OFFER SITUATION. ALL HIGHEST-AND-BEST OFFERS ARE DUE BY 5 PM ON TUESDAY, JANUARY 20, 2026. Welcome home to a legal, 5-unit building and situated on a purely residential, tree-lined street in an incredible area! You are literally next door to Prescott Elementary, which received an "Exemplary" designation from the Illinois State Board of Education, and you are just a few minutes away from all of Lincoln Park's action! This building has several strategies: a) you can rehab all of the units and live in one of them, b) you can rehab all of the units and then rent them or c) you can tear down the existing structures and build another beautiful building and collect top, top dollar in rents. Furthermore, there are three apartments in the front building and there are two apartments in the rear building. The three front facing units consist of 2-bedroom, 1-bathroom units with a functional floor plan. The two rear facing units are also 2-bedroom, 1-bathroom units. All tenants are on a month-to-month lease. The building and the area is a: gem. Easy to show. A 10! Note: This property is zoned RS-3 and it is classified as a legal, non-conforming building with five legal units.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60614
- Year Built: 1891
- Sq.Ft.: 3,511 sq ft
- Stories: 3
- Units: 5 units
- Basement: Unfinished
- Lot Size: 2614 sq ft lot
- # Of Ranges: 5
- # Of Refrigs: 5
- # Of Window/Ac: 5
- Approximate Age: Older
- Building Area Total: 3511
- Built Before 1978 (Y/N): Yes
- Construction Materials: Wood, Other, Aluminum Siding, Vinyl Siding, Steel Siding
- Cooling: Window Unit(s)
- Directions: Head north on Ashland Avenue and then go west on Wrightwood Avenue and then north on Marshfield Avenue
- Electric: Circuit Breakers
- Foundation Details: Concrete Perimeter
- Gross Income: 52800
- Gross Scheduled Income: 52800
- Heat/Ventilation: Gas, Wall Unit
- Indoor Parking: 1-5 Spaces
- Known Encumbrances: None Known
- Land Amenities: Curbs and Gutters, Sidewalks
- Lot Size Square Feet: 2912
- Main Type: Commercial Sale
- Outdoor Parking: 1-5 Spaces
- Ownership Type: Land Trust
- Roof: Composition
- Roof Structure: Pitched
- Tax Annual Amount: 24815.51
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
- Total Monthly Income: 4400
- Township: Lake View
- Utilities: Sewer Connected, Water Available
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