3538 W North Avenue Chicago, IL $ 725,000
3538 W North Avenue
$ 725,000
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3538 W North Avenue

Chicago, IL, 60647
$ 725,000
Bedrooms-- Baths--

Monthly Estimate*

$ 4,523

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Commercial Property for sale in Chicago, IL

for $725,000. This building was built in 1902 on a lot size of 0.078053.

This all brick, mixed use, legal 3 flat building has been fully updated on all levels. Two apartments each featuring 2 bedrooms, full living and dining rooms, updated kitchens, bathrooms, in unit laundry, hardwood floors, can lights, newer windows, and newer HVAC w/ central heat and air conditioning. Second floor apartment also has a new water heater. New 200 AMP electric service with 4 separate meters; including public meter. 4 car tandem parking in rear. The bright, renovated storefront features tall ceilings, commercial grade glass windows and doors, a half bath, decorative lighting, and central heat and air conditioning. Additional space in full basement can be used for dedicated storage for apartments or the commercial space. This turn key building also has a clean check valve for flood control, the exterior of the building has been tuckpointed, and the roof silver coated in 2021. Perfect opportunity for someone with a business looking to owner occupy one of the units. Walking distance to McCormick YMCA w/indoor pool, Kimball Arts Center, restaurants, shopping, and entertainment.

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Commercial Active

Price

$ 725,000

Property Type

Commercial

Taxes

$ 12,694

Style

Lot Size

0.078053

Year Built

1902

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12439018

Features
General
Cooling Central Air
Possession Closing
Zoning OTHER
Construction Materials Brick
Year Built 1902
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Repairs
Stories Count 3
Township Jefferson
Property Subtype Mixed Use
Tax Year 2024
Gross Income 83000
County Cook
Insurance Expense 1500
Property Type Commercial Sale Mixed Use
Status Active
Directions West 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 12694.8
Electric Expense 7500
Fuel Expense 7200
Trash Expense 0
Water Sewer Expense 1200
Additional Parcels Y/N N
Standard Status Active
Total Actual Rent 2000
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Interior
Flooring Wood
Total Fireplaces 0
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Exterior
Lot Dimensions 25x136
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* Excluded Features
List By
Coldwell Banker Realty

Broker

nick.farnsworth@cbexchange.com

Email

Affordability Calculator

$5,581
Per Month
81%
19%
0%
Monthly Principal & Interest
$4,523
Monthly Property Taxes
$1,058
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
10/10/2025$725,000 -4.61% Price Down
9/17/2025$760,000 -5.00% Price Down
8/6/2025$800,000 Listed Price

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3538 W North Avenue, Chicago, IL, 60647 is a Commercial Property for sale at $725,000 with a lot size of 0.078053. 3538 W North Avenue was built in 1902. The property's zip code is 60647 which is in Chicago, IL