Listing provided courtesy of FIERRO LEGACY REALTY INCMREDas Distributed by MLSGrid- MLS# 12598246MLS Provider

1325 N Ashland AvenueChicago, IL 60622

Commercial
$570,000 Active

1325 N Ashland Avenue Overview

Time on Site:
100 days
Visits:
4

Investment Opportunity - Legal 3-Flat in Prime West Town (B2-3 Zoning) Exceptional value-add opportunity in the highly sought-after West Town area of Chicago. This historic, legal 3-unit building offers approximately 2,400 sq ft above grade, plus an additional 1,200 sq ft garden unit, providing significant upside potential. The property has already undergone substantial initial work, including major demolition, new roof, new gutters, new windows, and completed framing, allowing the next owner to move directly into the build-out phase. Key highlights: B2-3 zoning - ideal for mixed-use or flexible redevelopment 3 total units with the option to convert the garden unit to commercial or residential use (increased ceiling height already completed) Detached 2.5-car garage with rooftop deck potential Open to build-to-suit concepts Unique layout offering multiple design and income strategies Located just steps from Division, Ashland, and Milwaukee, this property sits in one of Chicago's hottest corridors with close proximity to the Blue Line, I-90/94, and multiple bus routes-making it highly attractive for both residential and commercial tenants. A rare opportunity to customize and maximize value in a prime location.

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1325 N Ashland Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1931

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - West Town

Tax Information

  • Tax Annual Amount: $13,276.10
  • Tax Year: 2024

General Information

  • Parcel Number: 17051150120000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

General Information

  • Cooling: None
  • Electric: None
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 24x120
  • Lot Size Square Feet: 2880

General Information

  • Number Of Units Total: 3

1325 N Ashland Avenue Neighborhood

Community

60622 (CHICAGO) Demographics

32
Median Age
21,403
Population Density (per sq. mile)
75%
College Educated
$106,128
Estimated Median Income
9,607
Estimated Total Home Owners
14,690
Estimated Total Renters
40% / 60%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1325 N Ashland Avenue Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1325 N Ashland Avenue Market Data

Based on the last 30 days in this zip code

$864,928
Average List Price
$719
Average Price per Square Foot
65
Properties Sold
37
Average Days on Market
143
Properties for Sale
Calculations provided by Reliance Network

1325 N Ashland Avenue History

Date Event Value Agent
6/3/2026Source: MRED Status Change
Active
5/29/2026Source: MRED Price Increase
$570,000 3.6%
5/29/2026Source: MRED Price Reduction
$550,000 -16.7%
5/29/2026Source: MRED Status Change
Price Change
3/26/2026Source: MRED Status Change
Active
3/21/2026Source: MRED Added to Database
March 21, 2026
7/8/2024Source: MRED Status Change
Closed
6/20/2022Source: MRED Added to Database
January 27, 2022