3341 Western AveChicago, IL 60618

This exceptional mixed-use property, located at 3341-43 N Western Avenue in Chicago's desirable Roscoe Village neighborhood, presents a compelling investment opportunity. The building, encompassing 3,451 square feet on a 5,350 square foot lot, features a three-story structure with three units. The unit mix includes two 2-bedroom, 1-bathroom apartments situated on the second and third floors, and a ground-floor bar/lounge. The building is classified as a C-class property and was renovated in 1994. The asking price is $1,199,000, representing a price per square foot of $347.44. The property boasts a pro-forma cap rate of 7.64% and a pro-forma NOI of $91,653. The property's zoning is C1-2. Its strategic location offers convenient access to the Western Avenue retail corridor, Lane Tech College Prep High School, and the vibrant W Roscoe Street restaurant and retail area. An additional side lot provides valuable parking space. This property is ideal for both investors seeking strong returns and owner-occupants looking to generate additional income. The first-floor bar/lounge business, complete with its license, is available for an additional $50,000. This presents a unique opportunity to acquire a well-positioned mixed-use asset in a highly sought-after Chicago neighborhood.