This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$680,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
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
Full Property Details
Full Property Details for 3538 W North Ave
General
- Sold For: $680,000
- Taxes: $4,867 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12638311
Additional Information
- Security/Safety: Other, Carbon Monoxide Detector(s)
Location
- Area: CHI - Humboldt Park
- County: Cook
- Driving Directions: E/W on North Ave to 3538
- Location Details: Chicago West
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 3
- # of Stores: 1
- Year Built: 1904
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 2
- Units w/Range/Oven: 2
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 3,400
- Lot Dimensions: 25 x 36
- Zoning: OTHER
Financial Considerations
- Lease Price: $20
- Security Deposit: Other, Carbon Monoxide Detector(s)
- Assessment Year: 1904
- Tax Amount: $4,867
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 13354180310000
Listed by Chicagoland Brokers Inc.
Get Pre-Approved Today
Schools
Schools serving 3538 W North Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Stowe Elementary School 3444 West Wabansia Avenue, Chicago, IL 60647 | K-8 | 0.2 mi |
North-Grand High School 4338 West Wabansia Avenue, Chicago, IL 60639 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
3538 W North Avenue, Chicago, IL 60647 (MLS# 12638311) is a Commercial property that was sold at $680,000 on July 08, 2026. Want to learn more about 3538 W North Avenue? Do you have questions about finding other Commercial real estate for sale in Humboldt Park? You can browse all Humboldt Park real estate or contact a Coldwell Banker agent to request more information.


