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Samuel Stella

sam@stellarresultsrealty.com +1(224) 426-4652

$ 450,000

Est. payment -/mo

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3328 W Chicago AVE Chicago, IL 60651

5 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12794894

Bedrooms 5

Year Built 1909

Annual Tax Amount $5,651

Tax Year 2023

Lot Dimensions 23x124

Property Sub-Type Two to Four Units

Property Description

Exceptional turnkey investment opportunity in West Humboldt Park! Situated along the Chicago Avenue commercial corridor, this substantially renovated three-unit property offers an outstanding opportunity for investors seeking a versatile income-producing asset in a neighborhood experiencing significant public and private reinvestment. Thoughtfully updated throughout, the property features three legal residential units, including a distinctive first-floor residence offering incredible live/work potential. This unique space showcases soaring 12-foot ceilings, exposed brick, and an expansive open floor plan that combines industrial character with modern functionality. The second and third floors each feature spacious two-bedroom, one-bathroom apartments, providing multiple residential rental income opportunities. Strategically located near the Hamlin, Homan, and Chicago Avenue corridor, the property is positioned within an area benefiting from Chicago's INVEST South/West initiative, which is focused on revitalizing neighborhood commercial corridors through residential development, commercial investment, and infrastructure improvements. Nearby redevelopment includes The Ave, a major mixed-use project bringing new residential housing, commercial space, and community amenities to Chicago Avenue. With substantial renovations already completed, a flexible three-unit configuration, and convenient access to public transportation, neighborhood businesses, and major thoroughfares, this property presents a compelling opportunity for investors seeking immediate rental potential and long-term ownership value. Whether expanding an existing portfolio or acquiring a versatile multi-unit investment, this is a rare opportunity to own a renovated asset along one of West Humboldt Park's targeted redevelopment corridors.

Location

State IL

County Cook

Area Chi - Humboldt Park

Rooms

Basement Unfinished, Full

Interior

Heating Gas

Fireplace N

Exterior

Roof Type Asphalt

Building

Lot Description Corner Lot

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

High Schools Oak Lawn Comm High School

School District 299 , 299, 229

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by David Schatz of Compass

NEARBY SCHOOLS & PROPERTIES

Samuel Stella

Designated Managing Broker / Owner License ID: 471.021016

+1(224) 426-4652

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Samuel Stella

3328 W Chicago AVE Chicago, IL 60651

Key Details

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Rooms

Interior

Exterior

Building

Schools

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3328 W Chicago AVE