Built in 1893, this three-story ivy-covered property near the border of Chicago’s Humboldt Park and West Town neighborhoods makes an ideal live/work space for a small business owner tired of paying rent and looking for additional income.
Located near the area’s up-and-coming California-Augusta Corridor, the sturdy masonry corner building contains ground floor offices concealed behind a glassblock storefront. Featuring its own kitchen and bathroom, this level could be converted for residential use if desired.
Upstairs, levels two and three contain a pair of full-floor, loft-like apartments. Each 2,000-square-foot residence features three bedrooms, two bathrooms, high ceilings, exposed brick walls, and a rear porch. The mixed-use building also includes an attached four-car garage.
Seeking $990,000, the newly-listed property is ideally suited for an owner-occupant situation. Conversely, it would make an attractive investment opportunity for a first-time landlord. According to the listing notes, all three of the building’s spaces are currently rented to tenants—including a graphic design firm.
- 2701 W. Thomas Street, Chicago IL [Estately]
- Previous Humboldt Park coverage [Curbed Chicago]