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

Chicago, IL, 60647
$ 680,000
Bedrooms-- Baths--

Monthly Estimate*

$ 4,187

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Commercial Property for sale in Chicago, IL

for $680,000. This building was built in 1904 on a lot size of 0.078053.

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

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Commercial Contingent

Price

$ 680,000

Property Type

Commercial

Taxes

$ 4,867

Style

Lot Size

0.078053

Year Built

1904

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12638311

Features
General
Cooling Central Air
Zoning OTHER
Year Built 1904
Electric Service - 101 to 200 Amps
Tenant Pays Electricity Heat
Stories Count 3
Tax Year 2024
Gross Income 6750
County Cook
Insurance Expense 1500
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Status Contingent
Directions E/W on North Ave to 3538
City Chicago
Number Of Units Total 3
MLS Area CHI - Humboldt Park
Lot Size Square Feet 3400
Tax Annual Amount 4867
Electric Expense 2400
Fuel Expense 4200
Trash Expense 600
Water Sewer Expense 1200
Additional Parcels Y/N N
Standard Status Active Under Contract
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Exterior
Lot Dimensions 25x36
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* Excluded Features
List By
Chicagoland Brokers Inc.

Broker

gaudnoemi@gmail.com

Email

Affordability Calculator

$4,592
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,187
Monthly Property Taxes
$406
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/5/2026$680,000 Listed Price

Map


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3538 W North Avenue, Chicago, IL, 60647 is a Commercial Property for sale at $680,000 with a lot size of 0.078053. 3538 W North Avenue was built in 1904. The property's zip code is 60647 which is in Chicago, IL