5481 N Northwest Hwy - Storefront Retail/Residential FOR SALE


Chicago, IL 60630- Jefferson Park
$1,099,000 USD
847-698-7000
5481 N Northwest Hwy, Chicago, IL for Sale
$1,099,000 USD
Storefront Retail/Residential - FOR SALE
1/47
null | 6.49% Cap Rate

5481 N Northwest Hwy
Chicago, IL 60630
Jefferson Park


HIGHLIGHTS

  • Income generating, fully leased mixed-use building
  • Located on high-visibility Northwest Highway
  • Turnkey investment

OVERVIEW

Your opportunity to own an income generating, fully leased mixed-use building in the heart of Gladstone Park. Located on high-visibility Northwest Highway directly across from the Gladstone Park Metra station, this property offers a turnkey investment in a great location. The building includes one commercial space with a full basement, currently operating as a restaurant/cafe, plus three residential apartments and an attached garage. Residential units include one spacious 2 bed/2 bath with the garage and two 1 bed/1bath units. This transit-oriented asset features stable cash flow and a reliable tenant base - an ideal opportunity for investors seeking long-term income in a well-connected Northwest Side location. All residential units have received new HVAC, plumbing, electrical, and water heaters within the past five years. The commercial space features updated plumbing, electric, and HVAC systems (2009) along with a newer water heater. The rubber-coated roof was recoated in 2020, ensuring long-term durability and reduced maintenance costs. Nearby parks, schools, and walkable residential blocks enhance the area's livability, while the building's proximity to downtown Chicago and O'Hare International Airport further amplifies its appeal. This property represents a rare opportunity to invest in a stabilized, mixed-use asset in one of Chicago's most connected and resilient neighborhoods.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

6.49%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C1-1, Chicago

APN/PARCEL ID

13-08-200-058-0000

ASK ABOUT THIS PROPERTY

Cassidy GoodingRE/MAX Properties NorthwestMore Info
847-698-7000

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Cassidy GoodingRE/MAX Properties NorthwestMore Info
847-698-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.