Address
4821 N ELSTON Avenue, Chicago, IL
Price
$ 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 |
| Directions | ELSTON JUST NORTH LAWRENCE EAST SIDE. |
| 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 |
Amenities
- 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
Price
Taxes
Visits
Year Built
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