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4369 N Elston Avenue Chicago, IL 60641

$799,000
Active / MLS# 12571331 / Commercial - Retail / Chicago
0 Beds
5034 SqFt

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.

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Property Details

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.07 Acres
Roof Type: Reflective Coating, Tar/Gravel
Stories: 2.0
Taxes: $13,744
Year Built: 1924

Feature Descriptions

Drains: Balcony/ies, Security System
Electric: Service - 201 to 600 Amps
Exterior: Brick
Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Forced Air
Location: Mixed Use Area
Lot Dimensions: 2950
Miscellaneous Outdoor: Balcony/ies, Security System
Parcel#: 13154050130000
Potential Use: Commercial, Office, Retail
Tenant Pays: Air Conditioning, Electricity, Heat, All Utilities
Units: 3
Utilities: Electric to Site, Natural Gas Available, Water Available

Location

See details and scored characteristics about this location.

Listing Office: Engel & Voelkers Chicago

Listing Office Phone: 773-797-9500



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