5097 North Elston Avenue
Newly Updated Offifice Building in Jefferson Park
Marketing description
Located just west of the intersection at Elston and Cicero Avenues, this newly updated three-story plus lower level office building is for sale. The building has been divided into multiple office suites, occupied by long-term tenants with short-term leases. Perfect opportunity for an investor or user looking for a strong cash flow with upside potential. Good in-place income with potential to add value. Close to Edens and Kennedy expressways and public transportation.
Jefferson Park is on the northwest side of the city and features several commercial corridors within the largely residential neighborhood including along Elston Avenue and Northwest Highway. This neighborhood benefits from a dense urban population with strong demographics and is home to numerous restaurants, shops and commercial and residential properties.
Investment highlights
- LaCrosse Elston Professional Center
- Three-story office building with lower level
- Scheduled annual rent: $201,120
- Potential to rehab or redevelop
- Value-add opportunity with below market rents and short-term leases
- Substantial frontage on Elston with excellent visibility
- Several long-term tenants
- Parking for 14 vehicles
- Easy access to the Kennedy Expressway, CTA and Metra
- Land area: 10,942 SF
- Zoning: B3-1
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
