3328 W Chicago Avenue Chicago, IL 60651
Listing Courtesy of: MLS LogoMidwest Real Estate Data as distributed by MLS GRID / Listed By: Compass

  3328 W Chicago Avenue Chicago, IL 60651

Active (1 Days)
$450,000 (USD)
5
BED
3
BATH

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.

MLS #:
12794894
Taxes
$5,651(2023)
Type
Multifamily
Year Built
1909
School District
229,299
County
Cook County

Listed By

David Schatz, Compass
Source
Midwest Real Estate Data
Last checked Oct 27 2026 at 1:24 PM GMT+0000
Bathroom Details
Lot Information
  • Corner Lot
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Gas
Basement Information
  • Unfinished
  • Full
Exterior Features
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Lake Michigan
  • Sewer: Public Sewer
School Information
  • High School: Oak Lawn Comm High School
Parking
  • Off Alley
Location
   
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 10/27/2026 13:24. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.