3256 N Elston AVE Chicago, IL 60618

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Maritza Lockhart

maritza@parkplacerealtyllc.com +1(708) 439-8342

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,368 sqft

Price per Sqft $223

MLS Listing ID 12664077

Year Built 1916

Annual Tax Amount $16,049

Tax Year 2024

Lot Dimensions 50 X 125

Property Sub-Type Mixed Use

Property Description

**PERFECT FOR OWNER-USER OR INVESTOR - PRIME AVONDALE MIXED-USE OPPORTUNITY** Exceptional mixed-use investment opportunity in the heart of rapidly growing Avondale. This highly visible corner property offers approximately 5,368 square feet and benefits from strong traffic exposure with over 15,000 vehicles passing daily. The commercial space features approximately 2500 square feet currently open space, plus two full basements providing an additional 2,000 square feet of valuable storage space. Estimated rental income for the commercial space is approximately $5,000 per month. Above the commercial unit are two well-sized 2-bedroom apartments with a combined estimated rental income of approximately $4,000 per month. Positioned in one of Chicago's most active development corridors, the property is surrounded by numerous new residential projects, including several proposed townhouse developments within just a few blocks. This ongoing growth is expected to further increase neighborhood density, customer traffic, and long-term property value. The location offers outstanding accessibility, just minutes from the Kennedy Expressway via Sacramento, Kedzie, and California Avenue, and approximately a 15-minute walk to the CTA Blue Line at Kimball. Whether you're an owner-operator seeking a live/work opportunity or an investor looking for income and future appreciation, this Avondale property presents exceptional potential in a thriving neighborhood.

Location

State IL

County Cook

Area Chi - Avondale

Zoning OTHER

Interior

Cooling Central Air

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected

Building

Dwelling Type Mixed Use

Water Municipal Water

Structure Type Brick

Listed by Petru Amarei of Chicagoland Brokers, Inc.

Nearby School & Business

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Maritza Lockhart

Illinois Licensed Realtor License ID: 475200326

+1(708) 439-8342