5338-58 W North Avenue Chicago, IL $ 780,000
5338-58 W North Avenue
$ 780,000
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5338-58 W North Avenue

Chicago, IL, 60639
$ 780,000
Bedrooms-- Baths-- Sq 22,628

Monthly Estimate*

$ 4,866

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Commercial Property for sale in Chicago, IL

for $780,000. This 22,628 square foot building was built in 1924 on a lot size of 0.57438.

Available for sale is a portfolio of three adjacent builidngs, formally occupied by a funeral home and located in the heart of Chicago's Austin neighborhood. Situated at at the northeast corner of Long and North Avenues, which is a main artery in the North Austin neighborhood. The site features three masonry buildings across eight lots, totaling 0.57 acres, with a mix of commercial, residential, and garage/shop space. Existing improvements include the corner property which is a two-story mixed-use building plus a basement. The unit mix includes chapel, one, one-bedroom apartment, four studio apartments and a detached garage. The middle property is a one story, part-two story building with a partial basement. The mixed-use property has the funeral home on the first floor and a three-bedroom apartment on the second floor. The third building is a single-story commercial property that consists of office space and a garage/shop area. Positioned along a major West Side corridor, the Austin neighborhood provides strong demographics, high traffic, and convenient access to North Avenue, Central Avenue, I-290, and nearby CTA transit options. With ongoing revitalization and emerging local businesses, this signalized corner at North and Long Avenues offers exceptional visibility and is well-suited for redevelopment, repositioning, or multitenant leasing-an attractive opportunity for investors seeking value and long-term growth.

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Commercial Active

Price

$ 780,000

Property Type

Commercial

Taxes

$ 51,482

Style

Lot Size

0.57438

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12534325

Features
General
Cooling Central Air
Year Built 1924
Electric Fuses
Stories Count 2
Township North Chicago
Property Subtype Mixed Use
Tax Year 2024
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions North on Cicero West on North ave to property
City Chicago
Number Of Units Total 0
MLS Area CHI - Austin
Lot Size Square Feet 25020
Tax Annual Amount 51482.01
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Building Area Total 22628
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* Excluded Features
List By
Millennium Properties Re, Inc.

Broker

ssilver@mpirealestate.com

Email

Affordability Calculator

$9,156
Per Month
53%
47%
0%
Monthly Principal & Interest
$4,866
Monthly Property Taxes
$4,290
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
12/18/2025$780,000 Listed Price

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5338-58 W North Avenue, Chicago, IL, 60639 is a Commercial Property for sale at $780,000 with 22,628 sqft and a lot size of 0.57438. 5338-58 W North Avenue was built in 1924. The property's zip code is 60639 which is in Chicago, IL