2062 N Damen AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60647
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,919 sqft
Price per Sqft $299
MLS Listing ID 12418823
Year Built 1903
Annual Tax Amount $14,477
Tax Year 2023
Lot Dimensions 24 X 100
Property Sub-Type Mixed Use
Property Description
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.
Location
State IL
County Cook
Area Chi - Logan Square
Zoning OTHER
Interior
Cooling Central Individual,Window Unit(s)
Flooring Tile,Wood
Fireplace N
Exterior
Utilities Available Electricity Available,Natural Gas Available,Sewer Connected
Roof Type Rubber
Building
Dwelling Type Mixed Use
Water Municipal Water
Structure Type Brick