4369 N Elston AVE Active

Chicago,IL 60641

$ 849900

- Bed

0 Bath

5034 SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,034 sqft

Price per Sqft $168

MLS Listing ID 12373775

Year Built 1925

Annual Tax Amount $10,862

Tax Year 2023

Lot Dimensions 0.67 ACRES

Property Sub-Type Mixed Use

Property Description

A RARE MIXED-USE INVESTMENT OPPORTUNITY IN THYE HEART OF THRIVING IRVING PARK... Offered for the first time in nearly 30 years, this is an exceptional opportunity to acquire a well-maintained, income-generating mixed-use property in one of Chicago's most rapidly appreciating neighborhoods. Located along the high-traffic Elston Avenue corridor, this turnkey asset delivers the perfect combination of residential stability, commercial upside, and pride of ownership. Lovingly cared for by the same owner since 1996, the building has been thoughtfully maintained with affordability, ease of management, and community connection in mind. The ground-floor commercial space has served as a neighborhood sanctuary-a warm, welcoming destination where patrons found not just service, but belonging and friendship. PROPERTY HIGHLIGHTS: (2) UPDATED RESIDENTIAL UNITS | Each 2-bedroom, 1-bath apartment offers spacious layouts and modern finishes ideal for today's renters. Comparable second-floor units in similarly trafficked areas have recently rented between $1,700 and $1,850 per month, demonstrating strong demand and income potential, ESTABLISHED COMMERCIAL COMPONENT | The 2,500+ SF fully built-out bar presents a flexible opportunity for hospitality, retail, or creative reuse. Recent short-term commercial leases in the area have ranged from $18 to $23/SF/YR, equating to $3,750 to $4,800 per month in potential gross rent, TURN-KEY INVESTMENT | Recent updates make this a move-in-ready solution for both residential and commercial tenants, minimizing capital expenditures for new ownership, PRIME LOCATION | Nestled in the heart of Irving Park, the property benefits from excellent public transit access (Blue Line, Metra, CTA), proximity to the Kennedy Expressway, and walkable access to local amenities, restaurants, and services. WHY INVEST HERE? ...Irving Park continues to demonstrate strong fundamentals, with increasing property values, short market times, and ongoing demand for both residential and commercial spaces. Its walkability, historic character, and diverse community appeal to a wide range of tenants, contributing to consistent occupancy and upward-trending rents. This mixed-use property offers investors: (1) Multiple income streams, (2) Stable rental demand, (3) Attractive rental comps, and (4) Long-term appreciation potential. Whether you're looking to expand your portfolio, establish a business, or own a piece of a truly connected community, this property presents a compelling opportunity in one of Chicago's most dynamic neighborhoods. Contact us today to schedule your private tour and explore this rare chance to own a legacy asset in ever-growing Irving Park.

Location

State IL

County Cook

Area Chi - Irving Park

Zoning OTHER

Interior

Cooling Central Air,Central Individual

Flooring Wood

Fireplace N

Exterior

Utilities Available Electricity Available,Natural Gas Available,Sewer Connected,Water Available,Cable Available

Roof Type Reflective Coating

Building

Dwelling Type Mixed Use

Water Municipal Water

Level or Stories 2

Structure Type Brick

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