3328 W Chicago Avenue, Chicago, IL 60651
Local realty services provided by:ERA Partners
3328 W Chicago Avenue,Chicago, IL 60651
$450,000
- 5 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: david schatz, david schatz
Office: compass
MLS#:12794894
Source:MLSNI
Price summary
- Price:$450,000
About this home
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....
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Home facts
- Year built:1909
- Listing ID #:12794894
- Updated:October 27, 2026 at 02:39 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:9
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Gas
Structure and exterior
- Roof:Asphalt
- Year built:1909
- Lot Features:Corner Lot
- Foundation Description:Concrete Perimeter
Schools
- High school:Oak Lawn Comm High School
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$450,000
- Tax amount:$5,651 (2023)
Parking
- Total parking spaces:3
- Parking description:Off Alley
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