While it may not look pretty at first glance, enterprising property owners may want to take a second look at this one. This listing is for a mixed-use property on Western Avenue near the heart of Lincoln Square, and a creative buyer may be able to turn this old storefront and the attached apartments into an income-generating property almost immediately.
Say you've always wanted to open a coffee shop or run a small gallery but don't have the extra cash to pay for two properties — in this case, you can live in one of the apartments and rent the second one out. Or perhaps you're not interested in opening your own business. Just rent out all three spaces and you'll have the mortgage more than covered. This small mixed-user on Western can be had for $389,000.
·4911 N Western Ave. Chicago, IL 60625 [Redfin]