1048 N Ashland 1048 N Ashland Ave

Investment Highlights

Value-add asset in Chicago?s Wicker Park / East Village Neighborhood 12 ? 15 foot ceilings throughout the entire building The storefront features sandblasted timber and exposed brick with ample storage in the basement Under market rents prime to increase cash flow Modern electrical, plumbing, and mechanical systems Perfectly designed unit layouts and soaring windows provide tons of natural lighting

Executive Summary

1048 N Ashland - a mixed-use value-add opportunity in the Wicker Park / East Villageneighborhood. The property unit mix is ? (5) apartments and (1) storefront: (2) 3bed/1baths, (2)1bed/1baths, (1) 2bed/2bath duplex unit featuring radiant heat and a brick 2-car garage. Theglass storefront has high timber exposed ceilings and brick details. All the apartments featurerenovated kitchens and bathrooms, individual HVAC, and high ceilings. Located on a corner withsoaring windows, the building has east, south, and west exposure creating a light-drenchedinterior with views of the Chicago skyline ? especially from the rooftop. Constructed in 1896, thebuilding boasts attractive brick and stone accents, along with a turret adorned with copperdetails on its southern side. During the early 2000s, the building underwent a complete gutrehabilitation, preserving its timeless charm while updating all electrical, plumbing, andmechanical systems to modern standards, utilizing copper materials and proper conduitthroughout. All units are individually metered. Selling brokerage is offering a 2.5% co-op compensation to buyer broker.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Retail
• Building Size    12,320
• Building Class    C
• Year Built    2023
• Price    1,343,888
• Price Per SF    109
• Cap Rate    7.55
• NOI    101,464
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.12
• Land Acres    2.45 AC