$300,000
3708 W Roosevelt Road
Chicago, IL, 60624
Prime Two-Story Retail Building with plenty of parking – Turn-Key Business Opportunity! Seize this incredible opportunity to own a beautifully renovated, mixed-use building in a high-traffic, highly sought-after location! This two-story gem offers endless possibilities for business owners and investors alike. The second floor has been tastefully renovated and sectioned into eight modern suites, 6 of which are already leased, generating 4,000 in monthly rental income. The Pro Forma cap rate will be around 23 when you finish the first floor and put a tenant or two in there. Should be able to generate 2000 additional income per month. The first floor is a spacious, blank canvas spanning over 2,500 sq. ft., ready to bring your vision to life-whether it’s more salon suites, a restaurant, cafe, boutique, office, or retail space. High ceilings, newer windows, modern fixtures, and stylish coverings create an inviting atmosphere for any business concept. Additional features include a newly built back porch, a huge basement and garage ideal for extra storage or parking. This property is a rare find with immense potential in a thriving area-don’t miss your chance to make it yours! Schedule a viewing today!
Property Details
Price:
$300,000
MLS #:
MRD12281019
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
3708 W Roosevelt Road
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – North Lawndale
City:
Chicago
Listed Date:
Feb 6, 2025
State:
IL
Finished Sq Ft:
3,500
Total Sq Ft:
3,500
ZIP:
60624
Year Built:
1903
Schools
Interior
Cooling
Central Air
Exterior
Financial
Tax Year
2023
Taxes
$2,540
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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3708 W Roosevelt Road
Chicago, IL
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