3042 West Roosevelt Road, Chicago, IL

About 3042 West Roosevelt Road

Solid Mixed-Use Investment Opportunity in North Lawndale! Prime location directly across from Douglas Park, this four-unit, mixed-use building offers a strong combination of retail and residential income. Built in 1918 and thoughtfully renovated in 2011, this property sits on a 3,130 sq. ft. lot, zoned C1-3. The first floor features a 1,000 sq. ft. retail unit, currently occupied as a barbershop, plus a two-bedroom, one-bath apartment (564 sq. ft.) at the rear. The second and third floors each offer spacious 1,219 sq. ft. three-bedroom, one-bath apartments with refinished hardwood floors, updated kitchens, and baths. The basement (1,219 sq. ft.) is unfinished, housing utilities and additional storage. Recent Updates Include: Full apartment renovations (2012) with new kitchens, baths, cabinets, sinks, faucets, flooring, and windows as needed, Wrought iron gates (2013), Roof work and tuckpointing (2016, 2025),Cement basement flooring and glass block windows (2017),Porch and landing repairs (2019), Hot water tank replacement (Unit 3R, 2020),Front barbershop door and glass replacement (2021), Back wrought iron painting (2024). This is a well-maintained, income-producing property with long-term improvements already completed, making it an ideal investment. Excellent location, strong rental potential, and unbeatable proximity to one of Chicago's most iconic parks. The seller also owns the building across the street (3113 W. Roosevelt MLS #12481551), which is also available, creating a rare portfolio opportunity to acquire both properties together.

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