2662 N Ashland Ave, Chicago, IL
5 bd · 3 ba · 0 sqft Multi-Family listed at $670,000, built in 1888 in the North Side neighborhood.
About this home
Investor Special. 5-bed multi-unit in Lincoln Park with redevelopment potential opportunity. This 2-unit property sits on a 25x107.5' lot with alley access, zoned C1-2 for flexible options: hold it as-is, renovate into a single-family, or build out commercial plus residential above. New development on the same block. Built in 1888, units offer a combined 5 bedrooms and 3 full baths. Half of the basement is finished and currently occupied, offering extra space or rental income potential. Units 1 and 2 are vacant and easy to show - bring your contractor or architect to walk it with you. There's a 2-car garage, a fenced backyard, and solid bones to reimagine the space. This Lincoln Park location puts you steps from Blue Ribbon Prescott Elementary, parks like Chi Che Wang, Wrightwood Park, and Jonquil, plus restaurants, shopping, and everything along Ashland, Lincoln, and Diversey. Walk to Left Coast, Heritage Bicycles, Costco, Whole Foods, and Southport Corridor. CTA bus lines, Brown/Red/Purple lines, and I-90/94 are all nearby. Zoned C1-2: use as mixed-use, convert to single-family, build condos with a special-use permit - do your due diligence.
Property details
- Price
- $670,000
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1888
- Type
- Multi-Family
- Days on market
- 165
- Est. property tax
- $13,936/yr · $1,161/mo · 2.08% IL avg
- Last sold
- $125,000 · Jan 1993
Estimated monthly payment
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Price history
▼ 4.3%Most recent change on 2026-01-07: $700,000 → $670,000.
- Jan 7, 2026$670,000Price change
- Nov 12, 2025$700,000Initial list price
- Sep 25, 2025$800,000Price change
- Aug 29, 2025$850,000Relisted
- May 20, 2025$700,000Price change
- May 6, 2025$760,000Initial list price
- Jan 5, 1993$125,000Sold
- Oct 15, 1979$38,000Sold
Location
This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.
About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)
Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.
Home Intelligence
Neighborhood (zip 60614)
This neighborhood skews young (median age 31.0) and is highly educated (46% hold a bachelor's degree). 45% of homes are owner-occupied; median household income is $135,364.
- Median income
- $135,364
- Median age
- 31.0
- Owner-occupied
- 45.2%
- Bachelor's degree
- 45.7%
- Census median home value
- $730,300
Source: US Census Bureau American Community Survey 5-year estimates.
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