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Listed by Caroline Crawfordof EXIT Strategy Realty
$873,000
Est. payment /mo
2,919 SqFt
Active
2062 N Damen Avenue Chicago, IL 60647
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,919 sqft
Price per Sqft $299
MLS Listing ID 12418823
Year Built 1903
Annual Tax Amount $14,477
Tax Year 2023
Lot Dimensions 24 X 100
Property Sub-Type Mixed Use
Property Description
Calling all seasoned investors and owner-occupants! This mixed-use property in Bucktown presents a stable investment with strong long-term potential. Located in one of Chicago's most desirable neighborhoods, with steady population growth and rising rental rates, the property is near The 606 Trail, CTA Blue Line, I-90/94, and numerous restaurants, shops, and cafes. The street-level commercial space is leased to Fine Eats, a successful Thai restaurant with a secure lease through March 2027. The business has a proven track record, and the high-traffic location provides consistent income. The brick building ensures durability and minimal maintenance, supporting long-term stability. Upstairs, the residential apartment receives ample natural light and features a modern layout that feels separate from the commercial space below. The unit has been refreshed with new paint, deep cleaned, and maintained, making it ready for a new tenant or owner-occupant. Vaulted ceilings, well-kept appliances from 2012, and a private two-car garage enhance the functionality and appeal of the space. Recent improvements include a full building seal, new sump pump, and upgraded sewer piping completed in 2025, reducing future maintenance needs. With projected rental income exceeding $5,500 per month, the property provides immediate cash flow and long-term investment potential. This property offers flexibility for investors seeking a steady tenant, as well as the option to live upstairs while managing the commercial space below.
Location
State IL
County Cook
Zoning OTHER
Interior
Cooling Central Individual, Window Unit(s)
Flooring Tile, Wood
Fireplace Y
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected
View Y/N true
Roof Type Rubber
Building
Foundation Stone
Water Municipal Water
Structure Type Brick
Others
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