4821 N ELSTON Avenue, Chicago, IL
$ 1,200,000
Property Attributes
  • MLS#11760647
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Albany Park
  • NeighborhoodAlbany Park
  • Zip60630
  • StyleCommercial
  • Year Built1946
  • Taxes$ 9040
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4400
  • Lot Size8,160 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Introducing an opportunity to own or lease a mixed-use building on 3 lots (7,500 SF) in Albany Park, Chicago, located at 4821 N Elston Ave. This investment property boasts a fully built-out turnkey restaurant and two-bedroom apartment, making it the perfect combination for savvy investors or an owner operator looking to open their own restaurant and generate extra income from the apartment. This unique building is in a covenant location at the intersection of Elston and Lawrence Ave. between Albany Park and Jefferson Park and near hwys 90/94. In addition, the property features 9 parking spaces, as well as an expansive patio for outdoor dining. The property also has tremendous development potential. It could be developed into a 14-unit building. There is also the option to add a drive-through, making it an ideal location for a fast-food franchise. The 2,500 SF turnkey restaurant space features a 20' hood, 2 large open dining rooms, a bar, walk-in cooler, 40 seats in one dining room 35 seats in the other dining room 40-50 seats on the patio and much more. The spacious updated two-bedroom apartment is a perfect space for the new owner or a lessee. Overall, this property offers a rare investment opportunity with multiple potential revenue streams. Don't miss your chance to own or lease this corner mixed-use building. Contact us today to schedule a viewing and discuss the possibilities!

Price History
4/17/2023 Listed $1,200,000
8/3/2023 9% - $1,100,000

General Features

Additional Parcels Y/N Yes
City Chicago
Construction Materials Brick, Concrete, Steel Siding
Cooling Central Air
County Cook
Current Use Commercial
Days on Market 175
Electric Service - 201 to 600 Amps
Gross Income 88020
Lot Size Square Feet 8160
MLS Area CHI - Albany Park
Net Operating Income 64980
Operating Expense 14000
Possible Use Commercial, Multi-Family, Retail
Property Type Commercial Sale
Property Type Mixed Use
Roof Composition, Rubber
Standard Status Active
Status Active
Stories 2
Street Name ELSTON
Tax Annual Amount 9040
Tax Year 2021
Tenant Pays Air Conditioning, Electricity, Heat, Insurance, Scavenger, Sewer, Other
Total Actual Rent 7335
Total Units 2
Township Jefferson
Year Built 1946
Zoning COMMR

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 4400
Exterior Brick, Stone
Foundation Details Concrete Perimeter
Frontage Type City Street, Public Road, Signal Intersection
Lot Dimensions 80X102
Total Parking 10


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60630

AVG $250K
AVG $37,378
AVG 142
Data Provided by Inside Real Estate®
Year Built
AVG 1957
AVG 81
Data Provided by Walkscore® not using MLS data

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