3835 West North Avenue Chicago, IL 60647

This mixed-use property features a combination of commercial and residential spaces, presenting a value-add opportunity. The building includes two addresses: 3835 W North Ave, which houses a first-floor commercial retail restaurant without a basement, currently rented for $1,500. The second and third floors each contain a 3-bedroom, 1-bathroom apartment, both rented for $2,100. The second attached building, located at 1552 N. Avers, features a duplex-down 3-bedroom, 1-bathroom apartment, previously rented for $2,100. The second floor has a 2-bedroom, 1-bathroom apartment renting for $1,600, and the third floor also contains a 2-bedroom, 1-bathroom apartment renting for $1,600. A shared basement, accessed on the side entry for Avers, contains 5 water heaters, 6 gas meters, and 6 electrical panels. Additionally, there is a 2-car garage at the back of the property. Value-add potential includes adding washers and dryers to the units or in the shared basement, utilizing the garage rooftop for a shared deck and outdoor space, and renting the garage parking spots. All units have central heat and HVAC with window AC units, and condensers can be installed to allow for forced air conditioning. The residential units are being master leased by a professional mid-term rental company. Both the residential and commercial tenants are currently on a month-to-month basis and are open to re-signing a lease or vacating if needed.