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5703 N Elston Ave - 5703-5717 N Elston 0.34 Acres of Commercial Land Offered at $1,200,000 in Chicago, IL 60646
INVESTMENT HIGHLIGHTS
- 14,705 square foot redevelopment site: 5703 is a 1,140 SF auto repair shop, 5713 is a 3,125 SF lot, and 5717 is a 1,200 SF commercial building
- Leased for $4,592/mo MTM
- Perfect development opportunity: potential to develop mixed-use with retail and apartments or multi-tenant commercial property
- Auto repair shop is improved with two service bays and office/waiting area
- Heavily-trafficked corner and Central and Elston, each with frontage of 150'
- Dense urban population with strong demographics
EXECUTIVE SUMMARY
A 14,705 square foot corner redevelopment site in Jefferson Park is available for sale. Currently, the site is improved with a muffler/auto-repair shop, a commercial storefront with a 750 square foot garage and a fenced area for outdoor storage. The property can potentially be redeveloped as a mixed-use building with retail and apartments or as a multi-tenant commercial building.
The location benefits from the easy access to I-90, the Jefferson Park Transit Center and excellent visibility. The neighborhood features several commercial corridors including along Elston Avenue, Milwaukee Avenue, and Northwest Highway.
The location benefits from the easy access to I-90, the Jefferson Park Transit Center and excellent visibility. The neighborhood features several commercial corridors including along Elston Avenue, Milwaukee Avenue, and Northwest Highway.
PROPERTY FACTS
| Price | $1,200,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.34 AC |
| Zoning | B3-1 | ||
| Price | $1,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.34 AC |
| Zoning | B3-1 |
1 LOT AVAILABLE
Lot
| Price | $1,200,000 | Lot Size | 0.34 AC |
| Price Per AC | $3,554,712.96 |
| Price | $1,200,000 |
| Price Per AC | $3,554,712.96 |
| Lot Size | 0.34 AC |
A 14,705 square foot corner redevelopment site in Jefferson Park is available for sale.
DESCRIPTION
A 14,705 square foot corner redevelopment site in Jefferson Park is available for sale. Currently, the site is improved with a muffler/auto-repair shop, a commercial storefront with a 750 square foot garage and a fenced area for outdoor storage. The property can potentially be redeveloped as a mixed-use building with retail and apartments or as a multi-tenant commercial building.
1 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 13-05-415-038-0000 | Improvements Assessment | $0 |
| Land Assessment | $9,375 | Total Assessment | $9,375 |
PROPERTY TAXES
Parcel Number
13-05-415-038-0000
Land Assessment
$9,375
Improvements Assessment
$0
Total Assessment
$9,375
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5703 N Elston Ave - 5703-5717 N Elston
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