3328 W Chicago Avenue

Chicago, IL60651

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.

Listing Courtesy of MRED as distributed by MLS Grid of Compass



Based on information submitted to the MLS GRID as of 2026-10-27 06:40 PM UTC. 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.
Last checked: 2026-10-27 06:40 PM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.