3240 Armitage Ave Chicago, IL 60647

This exceptional mixed-use building presents a rare investment opportunity in Chicago's desirable Logan Square neighborhood. The property, encompassing three addresses (3238, 3240, and 3242 W Armitage Avenue, though tax records list 3240), is a solid brick, two-story structure boasting three updated commercial storefronts and two spacious residential units. Each residential unit offers three bedrooms and a total of six rooms, providing ample living space. The building benefits from separate utilities for all units, simplifying management and maximizing efficiency. A significant advantage is the recently repaired roof (2023), minimizing immediate maintenance concerns and ensuring long-term structural integrity. Currently, two residential units are vacant, presenting an immediate opportunity to secure new tenants at market rates, thereby increasing rental income. This property is ideally suited for both investors seeking a stable, high-yield investment and owner-occupants desiring a prime location in a thriving area. The combination of commercial and residential spaces offers diverse income streams and significant potential for future appreciation in one of Chicago's most vibrant and sought-after neighborhoods. This is a turnkey opportunity not to be missed.