3801 W Chicago Avenue

Property Description

Prime Corner Mixed-Use Investment Opportunity in Humboldt Park! Take advantage of this incredible value-add opportunity with this historic two-story brick building located on the high-traffic corner of Chicago Avenue and Hamlin. Built in 1881 and offering 3,200 sq. ft., this B3-2 zoned property is ideal for investors or owner-operators looking for a strategic location with ample street parking and strong visibility, estimated 19,000 VPD. The first floor is currently leased to "Chicago Best Burrito," a well-established and successful restaurant paying 1,350/month, with a lease in place until April 1, 2026, plus a two-year renewal option-providing immediate cash flow. The second floor features an expansive 4-bedroom, multi-bathroom apartment in need of rehab. With updates, this unit could generate an estimated rental income of 2,600/month, significantly increasing the property's overall revenue potential. At the rear of the property, you'll find a sturdy wooden porch, as well as green space enclosed by a well-maintained black iron fence, offering added security and privacy. While the building does require some repairs, including tuckpointing and a potential roof replacement, the long-term potential is enormous. With its high-visibility corner lot, strong rental upside, and a mix of residential and commercial space, this property presents an exceptional investment opportunity in a growing neighborhood. Schedule your showing today and explore the possibilities!

Overview

Property Status

Sold

Date Sold

April 28, 2025

Lot Size

3,000 Sq.Ft.

MLS ID

12310197

Property Type

Other

Year Built

1881

Are you interested?

Schedule a Tour

Brandon Banks

(773) 510-5649 [email protected]

Features & Amenities

Total Area

3,216 Sq.Ft.

Neighborhood

Chicago

Stories

Utilities

Cable Available

Roof

Rubber

Air Conditioning

Partial

Substructure

Concrete Perimeter

Sales Price

$215,000

Real Estate Tax

$2,055/yr

Zoning

COMMR

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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for your interest in 3801 W Chicago Avenue, Chicago, IL 60651

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