Listing provided courtesy of CompassMREDas Distributed by MLSGrid- MLS# 12636515
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Request Info2435 N Ashland AvenueChicago, IL 60614
Commercial · 2,576 Sq. ft.$960,000
Active
2435 N Ashland Avenue Overview
- Time on Site:
- 59 days
- Visits:
- 4
Presenting a single-tenant Absolute 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 Absolute NNN lease with 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 should any future potential uses be needed. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.
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2435 N Ashland Avenue Facts & Features
- Type Commercial
- Sq. ft. 2,576
- Price/Sq.ft. $373
Details
General
Association/HOA
- Association Fee Frequency: Not Applicable
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Existing Lease Type: Net
- Fuel Expense: 0
- Gross Income: 79856
- Gross Scheduled Income: 79856
- Insurance Expense: 0
- Net Operating Income: 79856
- Trash Expense: 0
- Water Sewer Expense: 0
Building Information
- Year Built: 1889
Business Information
- Current Use: Commercial
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Lincoln Park
- Township: Lake View
Parking Information
- Parking Ratio: 2.72
Rent/Lease Information
- Tenant Pays: Common Area Maintenance, Janitorial Service, Taxes, Insurance, Repairs, Roof, Structure, Sewer, All Utilities
Tax Information
- Tax Annual Amount: $28,227.75
- Tax Year: 2024
General Information
- Parcel Number: 14293170110000
- Property Sub Type: Neighborhood Storefront
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Interior
- Building Area Total: 2576
General Information
- Cooling: Central Air
- Electric: Circuit Breakers
- Flooring: Carpet
- Leasable Area: 2576
- Stories: 2
Unit Information
- Unit SqFt.: 2576
Exterior
Lot Information
- Additional Parcels: No
- Frontage Type: City Street,Alley Access
- Lot Size Dimensions: 25 x 83
- Lot Size Square Feet: 2034
- Water Source: Municipal Water
General Information
- Number Of Units Total: 1
- Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available
2435 N Ashland Avenue Neighborhood
Community
60614 (CHICAGO) Demographics
30
Median Age
20,962
Population Density (per sq. mile)
88%
College Educated
$117,251
Estimated Median Income
15,110
Estimated Total Home Owners
18,292
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
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.2435 N Ashland Avenue Monthly Cost
2435 N Ashland Avenue Market Data
Based on the last 30 days in this zip code
$1,409,089
Average List Price
$844
Average Price per Square Foot
119
Properties Sold
57
Average Days on Market
259
Properties for Sale
2435 N Ashland Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/7/2026Source: MRED | Active |
|
| 5/2/2026Source: MRED | May 02, 2026 |
|
| 6/20/2022Source: MRED | January 27, 2022 |
|
| 6/20/2022Source: MRED | January 27, 2022 |