IL
Cook
Chicago
60647
3538 W North Avenue
3538 W North Avenue, Chicago, IL 60647
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Listing Type
Commercial/Industrial
Listing Status
Active
32
$680,000

Home Details for 3538 W North Avenue

Price
$680,000
Type
Commercial Sale
Year built
1904
County
Cook
MLS Listing#
12638311
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

Property Features
  • Cooling Information
    • Central Air
Listing Courtesy: Chicagoland Brokers Inc. - 773-745-1000
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-05-06 02:50:17. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-05-06 02:50:17
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EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618
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