3701 Elston AveChicago, IL 60618

For Sale
$900,000

Chicago Mixed-Use Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 3701-05 N Elston Avenue in Chicago's Irving Park neighborhood (zip code 60618), presents a compelling investment opportunity. The building encompasses a substantial 5,940 square feet situated on a 4,217 square foot lot. The property is zoned B3-1, allowing for a variety of commercial and residential uses. Currently, the building comprises two units. The financial performance is noteworthy, boasting an estimated annual net operating income (NOI) of $79,412, based on an estimated annual income of $95,148 and estimated annual expenses of $15,736. The asking price for this property is $900,000. Detailed financial information, including a rent roll, is available upon request. This prime location in Cook County, Illinois offers excellent potential for both immediate income generation and future appreciation. The property's size and zoning provide flexibility for a variety of uses and potential expansion. Serious investors are encouraged to act quickly on this rare opportunity to acquire a well-performing mixed-use asset in a thriving Chicago neighborhood. The property's address is precisely 3701 N Elston Ave, Chicago, IL.

Highlights

  • Asking Price: $900,000
  • Estimated Annual Net Operating Income (NOI): $79,412
  • Estimated Annual Income: $95,148
  • Estimated Annual Expenses: $15,736
  • Zoning: B3-1

Property Details for 3701 Elston Ave

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
5,940 SF
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9488388
Longitude
-87.7117494
3701 Elston Ave, Chicago, Illinois

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3701 Elston Ave
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