Commercial: MLS #12571331 Chicago, IL $ 849,900
Commercial: MLS #12571331
$ 849,900
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Commercial: MLS #12571331

Chicago, IL, 60641
$ 849,900
Bedrooms-- Baths-- Sq 5,034

Monthly Estimate*

$ 5,233

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Commercial Property for sale in Chicago, IL

for $849,900. This 5,034 square foot building was built in 1924 on a lot size of 0.067723.

Positioned in the heart of the Irving Park/Old Irving Park area, 4369 N Elston Ave is a meticulously maintained 5,000+ sq. ft. brick building offering strong income potential and redevelopment flexibility. With B3-2 zoning and proximity to the Montrose Blue Line, this property is ideal for investors or owner-operators seeking a turn-key mixed-use asset. The spacious ground-floor unit features expansive windows and two commercial-grade restrooms. Formerly a neighborhood tavern, the space is ideal for restaurant, bar, cafe, retail, office, or other commercial uses, ready for a new concept or continued hospitality operations. Upstairs includes two updated 2-bedroom, 1-bath apartments: One unit is occupied by a long-term, month-to-month tenant below market One unit is vacant, offering immediate value-add potential at market rents ($1,800-$2,000/month each) In-unit side-by-side washer & dryer Central AC and separate water heaters, Hardwood floors and modern finishes. Fully separated utilities for minimal owner overhead. Recent upgrades include new windows, water heater, and washer/dryer. Steps from the Montrose Blue Line, Minutes from the I-90/94 interchange High visibility and strong foot traffic along a thriving commercial corridor. Whether expanding your portfolio, activating the commercial space, or exploring redevelopment potential under B3-2 zoning, this property is ready for entrepreneurial vision and long-term upside.

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Commercial Active

Price

$ 849,900

Property Type

Commercial

Taxes

$ 13,744

Style

Lot Size

0.067723

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12571331

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Water Available
Roof Reflective Coating Tar/Gravel
Zoning OTHER
Construction Materials Brick
Year Built 1924
Electric Service - 201 to 600 Amps
Tenant Pays Air Conditioning Electricity Heat All Utilities
Stories Count 2
Property Subtype Mixed Use
Tax Year 2023
Gross Income 103800
County Cook
Net Operating Income 84356
Operating Expense 19444
Insurance Expense 3600
Property Type Commercial Sale Mixed Use
Possible Use Commercial Office Retail
Status New
Directions Irving Park Road east of I90 (Kennedy Expressway) Pulaski Road north Elston Avenue northwest
City Chicago
Number Of Units Total 3
MLS Area CHI - Irving Park
Lot Size Square Feet 2950
Tax Annual Amount 13744
Electric Expense 450
Fuel Expense 0
Trash Expense 450
Water Sewer Expense 1200
Additional Parcels Y/N N
Standard Status Active
Cap Rate 9
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 5034
Lot Dimensions 2950
Frontage Type City Street
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* Excluded Features
List By
Engel & Voelkers Chicago

Broker

jazmyne.zasanski@evrealestate.com

Email

Affordability Calculator

$6,378
Per Month
82%
18%
0%
Monthly Principal & Interest
$5,233
Monthly Property Taxes
$1,145
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/5/2026$849,900 Listed Price

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