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    3538 W North Ave Chicago, IL 60647

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    For Sale
    $760,000

    Fully updated, mixed-use building with apartments and storefront in Chicago.

    Property Features for 3538 W North Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1902

    Source: COLDWELL BANKER REALTY Agent NICHOLAS FARNSWORTH

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Mixed-Use Building For Sale

    This all-brick, mixed-use, legal 3-flat building has been fully updated on all levels. It features two apartments, each with 2 bedrooms, full living and dining rooms, updated kitchens and bathrooms, in-unit laundry, hardwood floors, can lights, newer windows, and newer HVAC with central heat and air conditioning. The second-floor apartment also has a new water heater. The building has a new 200 AMP electric service with 4 separate meters, including a public meter. There is 4-car tandem parking in the rear. The bright, renovated storefront features tall ceilings, commercial-grade glass windows and doors, a half bath, decorative lighting, and central heat and air conditioning. Additional space in the full basement can be used for dedicated storage for the apartments or the commercial space. This turnkey building also has a clean check valve for flood control. The exterior of the building has been tuckpointed, and the roof was silver-coated in 2021. The property is within walking distance of the McCormick YMCA with an indoor pool, the Kimball Arts Center, restaurants, shopping, and entertainment.
    Location Intelligence

    Current Use by Public Records

    Blossoming Wisdom Day Care Center

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.715656
    Latitude
    41.910353

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    FAQs

    What type of property is this?
    Mixed-use property - Fully updated, mixed-use building with apartments and storefront in Chicago.
    Where is this mixed-use property located?
    The property is located at 3538 W North Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: - Fully updated legal 3-flat building with two 2-bedroom apartments and a renovated storefront.; - Each apartment features **updated kitchens and bathrooms**, in-unit laundry, hardwood floors, and newer HVAC with central heat and air.; - **Renovated storefront** with tall ceilings, commercial grade glass, half bath, and central heat and air.
    (312) 266-7000
    Request Owner's contact information
    3538 W North Ave Chicago, IL 60647
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3538 W North Ave Chicago, IL 60647
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