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$ 680,000
Est. payment /mo
Active Under Contract
3538 W North AVE Chicago, IL 60647
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12638311
Year Built 1904
Annual Tax Amount $4,867
Tax Year 2024
Lot Dimensions 25x36
Property Sub-Type Mixed Use
Property Description
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
Location
State IL
County Cook
Area Chi - Humboldt Park
Zoning OTHER
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Noemi Gaud of Chicagoland Brokers Inc.
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