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.
Property Details
Price:
$873,000
MLS #:
MRD12418823
Status:
Active
Beds:
0
Baths:
0
Address:
2062 N Damen Avenue
Type:
Commercial
Neighborhood:
chilogansquare
City:
Chicago
Listed Date:
Sep 2, 2025
State:
IL
Total Sq Ft:
2,919
ZIP:
60647
Year Built:
1903
Schools
Interior
Cooling
Central Individual, Window Unit(s)
Flooring
Tile, Wood
Exterior
Construction Materials
Brick
Roof
Rubber
Financial
Tax Year
2023
Taxes
$14,477
Listing Agent & Office
Caroline Crawford
EXIT Strategy Realty
Mortgage Calculator
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2062 N Damen Avenue
Chicago, IL
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