2442 N Ashland Avenue — Sale in Chicago, IL

  • Price: $684K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60608
  • Size: 2,701 SF
  • Year built: 1954

Photos

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Investment Figures

Price per square foot
$253

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is pleased to present 2442 N Ashland Ave , aboutique four-home multifamily asset in Chicago’s DePaul neighborhood, at the desirableintersection of Ashland and Clybourn in Lincoln Park. The property comprises two buildings on a 2,701 SF site: a three-story brick main buildingcontaining three 2-bed/1-bath homes of ±900 SF each, and a detached 2-bed/2-bath coach houseof ±920 SF. All four homes are two-bedroom layouts averaging ±905 SF, and the property is 100%occupied as of the 8/19/2026 rent roll. Interiors feature hardwood flooring in living areas and bedrooms, individual gas-fired forced-airfurnaces with dedicated exterior condensers, and Amana appliance packages. Residents share abasement laundry room and attic storage. The front entrance faces N Ashland Ave and the rear ofthe site opens to an alley accessible off W Altgeld St. The property sits in the supply-constrained North Lakefront submarket, where asking rents havegrown 5.0% year over year against a 3.2% Chicago metro average, with only ~700 units scheduledto deliver through 2027. 2442 N Ashland is being marketed on both a free & clear basis and with accretive assumablefinancing: 2.250% rate, $684,071 balance, 307 months term remaining , no prepayment penalty.

Market Context

This multifamily in Chicago, IL is listed for sale at $684,071 across 2,701 SF. The building dates to 1954. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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