SQUARE FEET4,098
MLS#12716801
STATUSNew
PROPERTY TYPECommercial - Office
Property Description
Mixed-Use Investment Opportunity with Vacant Residential Units and Existing Commercial Space! This mixed-use building features a street-level commercial space approximately 1,044 square feet, two 2-bedroom, 1-bath residential apartments with separate living and dining rooms, and a detached two-car garage. The residential units are currently vacant, providing flexibility for future occupancy, leasing, or improvements. The commercial space is currently occupied by a month-to-month tenant under a non-traditional lease arrangement. The tenant is affiliated with the current ownership, and the existing rental terms are not reflective of market rent. The tenant has expressed interest in continuing occupancy, subject to negotiation of future lease terms between the tenant and the future owner. The property offers flexibility for investment or owner-occupancy opportunities, subject to applicable zoning and municipal requirements. Located on North Avenue with street frontage and convenient access to public transportation, shopping, restaurants, and major expressways. Property is being sold AS IS. Buyer is responsible for conducting all desired inspections and independently verifying room dimensions, square footage, zoning, permitted uses, leases, rental information, taxes, and all other information material to the purchase.
Property Features
Property Type: Commercial - Office
Cooling: Office Only
Lot Size: 0.07 Acres
Stories: 3.0
Taxes: $3,376
Year Built: 1926
Feature Descriptions
Drains: Security Gate, Storms and Screens (as exist)
Electric: Circuit Breakers, Separate Meters, Power - 120V, Power - 240V
Exterior: Brick
Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors
Flooring: Carpet, Tile, Wood
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Central Bldg Heat, Central Heat/Indiv Controls, Electric, Forced Air, Gas, Hot Water, Radiators
Lot Dimensions: 25 X 120
Miscellaneous Indoor: Private Restroom/s, Basement
Miscellaneous Outdoor: Security Gate, Storms and Screens (as exist)
Number of Tenant(s): 1
Parcel#: 13333240320000
Parking: Parking-Street
Potential Use: Commercial, Office, Multi-Family
Tenant Pays: Electricity, Heat
Units: 3
Utilities: Electric to Site, Natural Gas Available, Water Available
Listed By / Shown By
Listed By
Agency Name: RLB Realty Group, Inc.
Agency Phone: 773-268-2000
Shown By
Agent Name: Aimee Leon
Agent Phone: (815) 516-7879
Agency Title: Gambino Realtors
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5318 W North Avenue | MLS# 12716801
This commercial property located at 5318 W North Avenue , Chicago, IL 60639 is currently listed for sale with an asking price of $469,900. Search Chicago real estate on aleon.gogambino.com today.