Chicago, IL 60613,3912 N Ashland AVE
Chicago, IL 60613,3912 N Ashland AVE
Chicago, IL 60613,3912 N Ashland AVE
Chicago, IL 60613,3912 N Ashland AVE
Chicago, IL 60613,3912 N Ashland AVE
Chicago, IL 60613,3912 N Ashland AVE
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Tony Ciancanelli

Tony Ciancanelli

+1(708) 670-6334
$ 1,300,000
Est. payment | /mo

5 Beds

4 Baths

Save
$ 1,300,000
Est. payment | /mo
Save

5 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12547323

Bedrooms 5

Maintenance Fees $927

Year Built 1914

Annual Tax Amount $15,871

Tax Year 2024

Lot Dimensions 2875

Property Sub-Type Two to Four Units

Property Description

Incredible investment opportunity in Lakeview, ideally located on bustling Ashland Avenue just minutes from premier restaurants, nightlife, shopping, and transit. This well-maintained 3-story building offers approximately 3,724 SF of net rentable space, featuring a highly flexible layout with a total of 5 bedrooms and 4 bathrooms-perfect for an investor seeking strong cash flow with value-add upside. The property is supported by extensive recent capital improvements, including a new water service installed in 2023, updated plumbing and electrical completed in 2024, and a new ejector pump added in 2025, providing a truly turnkey ownership experience with major systems already addressed. A standout feature is the non-conforming owner's unit, which delivers exceptional optionality: it can be utilized as a work/live residence, leased traditionally, or operated as a short-term rental / Airbnb to maximize revenue. Additionally, there is value-add potential through rent enhancements, including the ability for a new owner to install in-unit washer and dryers, increasing tenant demand and supporting higher market rents. Whether you're looking for stable long-term income, short-term rental upside, or a hybrid work/live setup, 3912 N Ashland Ave presents a rare chance to acquire a flexible income-producing property in one of Chicago's most in-demand neighborhoods. Gross rental income assumes owners unit is occupied and renting at $3,000 a month.

Location

State IL

County Cook

Area Chi - Lake View

Rooms

Basement Unfinished, Partial

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tyler Weekes of  Star Realty & Management 

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Hawthorne Elementary Scholastic Academy

    Public | KG - 8

  • 10

    Lincoln Elementary School

    Public | KG - 8

  • 9

    Edison Elementary Regional Gifted Center

    Public | KG - 8

  • 9

    Stone Elementary Scholastic Academy

    Public | KG - 8

  • 9

    Burley Elementary School

    Public | KG - 8

  • 9

    Prescott Elementary School

    Public | PK - 8

  • 9

    Disney Elementary Magnet School

    Public | PK - 8

  • 9

    Alcott Elementary School

    Public | KG - 8

  • 8

    Bell Elementary School

    Public | KG - 8

  • 8

    Coonley Elementary School

    Public | PK - 8

  • 8

    Burr Elementary School

    Public | PK - 8

  • 8

    Mayer Elementary School

    Public | PK - 8

  • 8

    Greeley Elementary School

    Public | PK - 8

  • 8

    Lasalle Elementary Language Academy

    Public | KG - 8

  • 7

    Von Linne Elementary School

    Public | KG - 8

  • 7

    Jamieson Elementary School

    Public | KG - 8

  • 7

    Budlong Elementary School

    Public | KG - 8

  • 7

    Pulaski International School of Chicago

    Public | KG - 8

  • 7

    Chappell Elementary School

    Public | PK - 8

  • 7

    Ravenswood Elementary School

    Public | PK - 8

Middle Schools 3
  • 10

    Lane Technical High School

    Public | 7 - 12

  • 4

    Albany Park Multicultural Academy

    Public | 7 - 8

  • 3

    Aspira Charter Schools

    Public | 6 - 12

High Schools 20
  • 10

    Northside College Preparatory High School

    Public | 9 - 12

  • 10

    Devry Advantage Academy High School

    Public | 11 - 12

  • 9

    Lincoln Park High School

    Public | 9 - 12

  • 7

    Von Steuben Metro Science High School

    Public | 9 - 12

  • 5

    Mather High School

    Public | 9 - 12

  • 5

    Amundsen High School

    Public | 9 - 12

  • 5

    Lake View High School

    Public | 9 - 12

  • 5

    Rickover Naval Academy High School

    Public | 9 - 12

  • 4

    Senn High School

    Public | 9 - 12

  • 4

    Uplift Community High School

    Public | 9 - 12

  • 3

    Alcott Humanities High School

    Public | 9 - 12

  • 1

    Roosevelt High School

    Public | 9 - 12

  • 0

    Bais Yaakov High School

    Private | 9 - 12

  • 0

    Lubavitch Girls High School

    Private | 9 - 12

  • 0

    Pathways in Education Avondale High School

    Public | 9 - 12

  • 0

    Hanna Sacks Bais Yaakov High School

    Private | 9 - 12

  • 0

    Bnos Rabbeinu High School

    Private | 10 - 12

  • 0

    Gordon Tech High School

    Private | 9 - 12

  • 0

    Josephinum Academy

    Private | 9 - 12

  • 0

    Thresholds High School

    Private | 9 - 12

School and business data provided by Attom Data.
Tony Ciancanelli

Helping buyers and sellers move with convidence 

+1(708) 670-6334

tony.ciancanelli@exprealty.com

1000 Essington Rd, Joliet, IL, 60435-2841, USA

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3912 N Ashland AVE