4901 N Elston Avenue Chicago, IL ^$ 1,850,000

4901 N Elston Avenue

^$ 1,850,000

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4901 N Elston Avenue

Chicago, IL, 60630

^$ 1,850,000

Studio Baths0.0 Sq 17,250

Monthly Estimate*

^$ 12,923

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Studio

Commercial Property for sale in Chicago, IL

for $1,850,000. This 17,250 square foot building was built in 1929 on a lot size of 0.132002.

Introducing a prime investment opportunity: a distinguished 18 unit mixed-use brick building that seamlessly blends residential and commercial spaces, offering versatility and potential for savvy investors. The 16 residential units above bring additional income with coin laundry onsite. (14) 1 bed units and (2) 2 bed units. Meanwhile, the 2 ground-floor commercial spaces present an enticing opportunity for businesses seeking a vibrant and well-trafficked location. With high visibility and foot traffic, these storefronts offer the perfect setting for retail shops, cafes, or professional offices. High traffic corner location close to I-90, I-94, restaurants, parks, and public transportation. Ample street parking. C1-1 zoning allows for multiple uses.

Commercial Contingent

Price

^$ 1,850,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 21,486

Style

Lot Size

0.132002

Year Built

1929

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11996372

Features

General

Cooling Window Unit(s)

Zoning COMMR

Year Built 1929

Electric Separate Meters

Tenant Pays Varies by Tenant

Stories 3

Tax Year 2022

Gross Income 180479

County Cook

Net Operating Income 104740

Operating Expense 75739

Insurance Expense 7524

Property Type Commercial Sale Mixed Use

Contingency Attorney/Inspection

Status Contingent

Directions Exit E on Lawrence Ave from I-94 then turn N on Kentucky Ave. Turn NW on Elston Ave. Property is on the NW corner of Elston and Kentucky.

City Chicago

Total Units 18

MLS Area CHI - Albany Park

Lot Size Square Feet 5750

Street Name Elston

Tax Annual Amount 21486

Electric Expense 1164

Fuel Expense 10260

Trash Expense 2604

Water Sewer Expense 14040

Additional Parcels Y/N N

Days on Market 10

Standard Status Active Under Contract

Exterior

Building Area Total 17250

Lot Dimensions 46X125

Exterior Brick

Interior

Street Suffix Avenue

* Excluded Features

List By

Keller Williams Premiere Properties

Broker

office.mccann@gmail.com;Office@McCannPropertiesInc.com

Affordability Calculator

$14,713

Per Month

Monthly Principal & Interest: $12,923
Monthly Property Taxes: $1,791
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$835,035

Percent of Sale Price 55%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/14/2024	$1,850,000		Listed Price

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4901 N Elston Avenue, Chicago, IL, 60630 is a Commercial Property for sale at $1,850,000 with 17,250 sqft and a lot size of 0.132002. 4901 N Elston Avenue is a studio with 0.0 baths and was built in 1929. The property's zip code is 60630 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/27/2024.

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4901 N Elston Avenue

Commercial Property for sale in Chicago, IL

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