5318 W North Avenue
Chicago, IL, 60639 $ 469,900
Bedrooms-- Baths-- Sq 4,098 for $469,900. This 4,098 square foot property was built in 1926 on a lot size of 0.0689.
Mixed-Use Investment Opportunity with Vacant Residential Units and Existing Commercial Space! This mixed-use building features a street-level commercial space approximately 1,044 square feet, two 2-bedroom, 1-bath residential apartments with separate living and dining rooms, and a detached two-car garage. The residential units are currently vacant, providing flexibility for future occupancy, leasing, or improvements. The commercial space is currently occupied by a month-to-month tenant under a non-traditional lease arrangement. The tenant is affiliated with the current ownership, and the existing rental terms are not reflective of market rent. The tenant has expressed interest in continuing occupancy, subject to negotiation of future lease terms between the tenant and the future owner. The property offers flexibility for investment or owner-occupancy opportunities, subject to applicable zoning and municipal requirements. Located on North Avenue with street frontage and convenient access to public transportation, shopping, restaurants, and major expressways. Property is being sold AS IS. Buyer is responsible for conducting all desired inspections and independently verifying room dimensions, square footage, zoning, permitted uses, leases, rental information, taxes, and all other information material to the purchase.
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FeaturesGeneralCooling Office Only
Utilities Electric to Site Natural Gas Available Water Available
Construction Materials Brick
Year Built 1926
Electric Circuit Breakers Separate Meters Power - 120V Power - 240V
Tenant Pays Electricity Heat
Stories Count 3
Township Jefferson
Property Subtype Mixed Use
Tax Year 2023
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 15109
Insurance Expense 8000
Property Type Commercial Sale Mixed Use
Possible Use Commercial Office Multi-Family
Status Active
Directions Located on the North side of North Avenue One Block West of Laramie Avenue.
City Chicago
Number Of Units Total 3
MLS Area CHI - Austin
Lot Size Square Feet 3000
Tax Annual Amount 3376
Electric Expense 195
Fuel Expense 5161
Trash Expense 0
Water Sewer Expense 1827
Additional Parcels Y/N N
Lease Type N/A
Standard Status Active
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InteriorFlooring Carpet Tile Wood
Total Fireplaces 0
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ExteriorWater Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 4098
Lot Dimensions 25 X 120
Lot Size Acres 0.0689
Frontage Type City Street
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* Excluded FeaturesList ByRlb Realty Group, Inc.Broker
LaTangela.Ward@RLBRealtygroup.comEmail
NearbyAbout Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/29/2026 | $469,900 | | Listed Price |