$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, cap rate is an astonishing 15. 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 #:
MRD12393070
Status:
Active
Beds:
0
Baths:
0
Address:
3708 W Roosevelt Road
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – North Lawndale
City:
Chicago
Listed Date:
Jun 13, 2025
State:
IL
Total Sq Ft:
3,500
ZIP:
60624
Year Built:
1903
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
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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