Chicago, IL 60647 3538 W North Avenue
$680,000



27 more



























Presented By: Chicagoland Brokers Inc.
Home Details
Welcome to 3538 W North Ave-an exceptional mixed-use opportunity in the heart of Chicago offering versatility, income potential, and a rare financial advantage. This property features multiple streams of income, making it ideal for both investors and owner-occupants alike. The standout feature? An assumable VA loan at an incredibly low rate-an opportunity that is nearly impossible to find in today's market. Qualified buyers can step into this favorable financing and significantly reduce their monthly costs, maximizing cash flow and long-term returns. The property includes a storefront on the main level, perfect for a business, office, or creative space, or you can use it as an event space to rent out hourly, along with residential units above. With the ability to generate income from both the commercial and residential components, this is truly a money-making asset. Live in one unit and potentially have your mortgage covered by rental income, or lease out all spaces for a fully passive investment. Inside, the units offer updated kitchens and bathrooms and wood flooring throughout providing modern appeal to attract quality tenants. Each unit has 2 bedrooms, 1 bathroom and separate dining and living room areas with a separate enclosed porch. The layout supports comfortable living while maintaining strong rental demand in the area. Location is everything, and this property does not disappoint. Situated on a high-visibility street in Humboldt Park, it benefits from consistent foot and vehicle traffic-ideal for any business venture. Just minutes from downtown Chicago, tenants and owners alike will enjoy quick access to the city's top dining, entertainment, and employment hubs. Public transportation, major highways, and neighborhood amenities are all within close reach. This is more than just a property-it's an opportunity to build wealth, generate income, and take advantage of one of the most attractive financing options available today. Whether you're a savvy investor or a buyer looking to house hack your way into real estate, 3538 W North Ave checks every box. Don't miss your chance to secure a high-performing asset in a prime location with unmatched financial upside
Presented By: Chicagoland Brokers Inc.
General for 3538 W North Avenue
Additional Parcels Y/NNo
CityChicago
ContingencyAttorney/Inspection
CoolingCentral Air
CountyCook
DirectionsE/W on North Ave to 3538
ElectricService - 101 to 200 Amps
Electric Expense2400
Fuel Expense4200
Gross Income6750
Insurance Expense1500
Lot Size Square Feet3400
MLS AreaCHI - Humboldt Park
Number Of Units Total3
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive Under Contract
StatusContingent
Stories Count3
Tax Annual Amount4867
Tax Year2024
Tenant PaysElectricity, Heat
Trash Expense600
Water Sewer Expense1200
Year Built1904
ZoningOTHER
Exterior for 3538 W North Avenue
BuyerOfficeFax(847) 362-9625
Lot Dimensions25x36
Additional Details
Price History
