6135 N Elston Ave - Office/Residential FOR SALE


Chicago, IL 60646- Norwood Park
$849,000 USD
312-459-6449
6135 N Elston Ave, Chicago, IL for Sale
$849,000 USD
Office/Residential - FOR SALE
1/41
null | 6.36% Cap Rate

NEW


6135 N Elston Ave
Chicago, IL 60646
Norwood Park


HIGHLIGHTS

  • Gated Adjacent Lot Included
  • Many Updates Throughout the Building

OVERVIEW

Rare turnkey mixed-use opportunity with an adjacent paved and gated lot in Chicago's Norwood Park neighborhood. The approximately 1,375-square-foot commercial space features two private offices, a conference room, reception area, bright front lobby/showroom and two washrooms. An attached approximately 1,000-square-foot warehouse/garage includes an industrial-grade epoxy floor and a 10-foot-high by 14-foot-wide overhead door-ideal for storage, service operations, light industrial use or fleet parking. The second floor offers a spacious, well-maintained approximately 1,700-square-foot apartment with two bedrooms and 1.5 baths, providing excellent rental potential or an ideal live-on-site option for an owner-operator. The sale also includes an approximately 3,000-square-foot paved and gated adjacent lot, offering additional parking, outdoor storage, expansion or future redevelopment potential. Delivered fully vacant for immediate occupancy or leasing, with separate entrances, B3-1 zoning and convenient access to I-90 and I-94. Pro forma projections reflect $76,200 in annual gross income and $54,018 in NOI, representing an estimated 6.36 cap rate at the current asking price. Tenants are responsible for gas and electricity. All income and expense figures are estimates; buyer to independently verify financial information, zoning and permitted uses.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

B3-1

APN/PARCEL ID

13-05-113-038-0000,13-05-113-039-0000

ASK ABOUT THIS PROPERTY

Patrick Torres@properties | Christie's International Real EstateMore Info
312-459-6449

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Patrick Torres@properties | Christie's International Real EstateMore Info
312-459-6449

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