Engel & Voelkers Chicago
Listed by Engel & Voelkers Chicago
$799,000
4369 N Elston Avenue
Details
APN 13154050130000
Property Type Mixed Use, Office
Sub Type Traditional Office, Storefront
Units 3
Cap Rate 9.00%
NOI $84,356
Year Built 1924
Stories 2
Lot Size (SqFt) 2,950
Zoning OTHER
Mixed Use | 9.00% CAP
Marketing description
Positioned in the heart of the Irving Park/Old Irving Park area, 4369 N Elston Ave is a meticulously maintained 5,000+ sq. ft. brick building offering strong income potential and redevelopment flexibility. With B3-2 zoning and proximity to the Montrose Blue Line, this property is ideal for investors or owner-operators seeking a turn-key mixed-use asset. The spacious ground-floor unit features expansive windows and two commercial-grade restrooms. Formerly a neighborhood tavern, the space is ideal for restaurant, bar, cafe, retail, office, or other commercial uses, ready for a new concept or continued hospitality operations. Upstairs includes two updated 2-bedroom, 1-bath apartments: One unit is occupied by a long-term, month-to-month tenant below market One unit is vacant, offering immediate value-add potential at market rents ($1,800-$2,000/month each) In-unit side-by-side washer & dryer Central AC and separate water heaters, Hardwood floors and modern finishes. Fully separated utilities for minimal owner overhead. Recent upgrades include new windows, water heater, and washer/dryer. Steps from the Montrose Blue Line, Minutes from the I-90/94 interchange High visibility and strong foot traffic along a thriving commercial corridor. Whether expanding your portfolio, activating the commercial space, or exploring redevelopment potential under B3-2 zoning, this property is ready for entrepreneurial vision and long-term upside.
Listing Contacts
Engel & Voelkers Chicago
Listed by Engel & Voelkers Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,356.00
$7,029.67/mo
Valuation Metrics
0
DSCR
10.56%
Cap Rate
10.56%
ROI
Map
Zoning
B3-2 CommercialRetail CommercialCommunity Shopping District
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View all 134 uses
View all 134 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
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