5728 W Higgins Ave 4,290 SF 100% Leased Retail Building Chicago, IL 60630 $767,445 CAD ($178.89 CAD/SF) 16.37% Cap Rate

Prime Jefferson Park Mixed-Use Investment Property (B3-1 Zoned) – Operating Vacation Rentals + Commercial Retail Storefront + Free Street Parking:
• B3-1 zoning provides maximum flexibility to operate the property as-is or convert both the 3 residential units and commercial storefront into offices, a spa, wellness center, or other permitted business uses.
• Currently operating for over 8 years as successful vacation rentals, the three residential units are registered with the City of Chicago and actively listed on Airbnb, VRBO, Booking.com, and Expedia, generating steady year- round bookings, strong income performance, and future reservations already in place for continued cash flow.
• Rare free street parking is available directly in front of the property and on surrounding side streets—a highly valuable amenity rarely found in the City of Chicago, providing added convenience for guests, tenants, and clients.
• The fully leased commercial storefront (currently a hair salon) produces reliable rental income. The tenant is open to relocation or lease termination, offering future ownership flexibility to reconfigure or re-lease the space based on investment strategy.
• Located just 4 blocks from the Jefferson Park Transit Center, a major hub offering direct access to the CTA Blue Line (24-hour service), Metra Union Pacific Northwest Line, and multiple CTA & Pace bus routes (68, 85, 88, 91) including access to O'Hare, Rosemont Entertainment District, and Downtown Chicago.
• Quick access to I-90 and I-94 connects the property to O’Hare International Airport (approx. 5 miles), Downtown Chicago, and the Rosemont Entertainment District—a strategic location for both commuters and travelers.
• The property features a versatile layout, including three residential units (each with private bedrooms and kitchens), a detached garage, a fenced backyard, and a patio area—ideal for continued rental use or future repositioning.
• New roof and siding installed in 2024 on both the main building and detached garage—enhancing curb appeal and minimizing near-term capital expenses.
• Situated in highly desirable, walkable Jefferson Park, a neighborhood known
for its family-friendly environment, excellent public schools, and strong
community atmosphere.
• Surrounded by parks, grocery stores, restaurants, shops, and other daily
conveniences—increasing demand from both renters and visitors.
• Offers a flexible income model—continue as short-term rentals, transition to
long-term leases, or convert the entire property to commercial use depending on
your investment goals.
• A rare opportunity to acquire a turnkey, transit-oriented, mixed-use property
in a rapidly appreciating Chicago neighborhood with long-term upside potential.