IL > Chicago
Chicago, IL 60614,2435 N Ashland AVE
Chicago, IL 60614,2435 N Ashland AVE
Chicago, IL 60614,2435 N Ashland AVE
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$1,065,000
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2,576 SqFt
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2435 N Ashland AVE Chicago, IL 60614

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,576 sqft

Price per Sqft $413

MLS Listing ID 12513665

Year Built 1889

Annual Tax Amount $22,358

Tax Year 2023

Lot Dimensions 25 x 83

Property Sub-Type Mixed Use

Property Description

Presenting a single-tenant NNN investment opportunity in the West Lincoln Park neighborhood of Chicago. The property is 100% occupied by Mpower Energy, a well-established independent retail supplier of electricity and natural gas. They have occupied the entire building since 2019. Mpower Energy will execute a new 5-year NNN lease with little to no landlord responsibilities upon closing. The lease will include 2% annual escalations, generating a stable and growing income stream. This building sits near the highly trafficked corner of Ashland Ave & Fullerton Ave on the West side of Lincoln Park seeing +27k vehicles daily. It is also located just 0.5 miles from the DePaul University campus and 0.75 miles from I-90. The property is zoned B3-2, which allows for commercial uses on the first floor and residential uses above, giving the property flexibility for any future potential uses. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.

Location

State IL

County Cook

Area Chi - Lincoln Park

Zoning COMMR

Interior

Cooling Central Air

Flooring Carpet

Fireplace N

Building

Dwelling Type Mixed Use

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Thomas Wagner of  Compass 

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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2435 N Ashland AVE

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