5239 N Damen Avenue Chicago, IL 60625

Located on a corner lot in the up and coming neighborhood of Bowmanville, this mixed-use building is perfect for an investor or user looking for a home for their business. The property features (2) 2br/1ba apartments + (1) non-conforming studio unit - all located on the second floor. The ground floo...r features (3) commercial spaces. One is occupied through 10/1/2025 and the other two are vacant. Previously there had been a bar with both spaces combined, but now it's set up for an office/retail set up. Endless possibilities on this one. All units have individual HVAC & the roof is a tear off in 2024. Commercial spaces feature newer commercial windows as well. Current gross rents are $54,000 annually. That can be pushed to $119,400 JUST BY FILLING VACANCIES! Apartment rents are well below market (long term tenants and relative in the other) & studio unit is vacant as it was recently renovated. Reach out to learn more about this asset. Continue reading