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5791 N Elston 1,600 SF Retail Building Chicago, IL 60646 $399,999 ($250.00/SF)



Investment Highlights
- 2 Suite Unique Flexible Updated Property Forest Glen
- Commercial Office w/Pot. Living
- Residential Opportunities, Rental (1-2units), Conversion
Executive Summary
Rare opportunity to own this UNIQUE INVESTMENT PROPERTY (Commercial & Residential Options) situated in the sought-after Forest Glen area. This tastefully and fully remodeled brick property can be converted into 2 separate offices (or office/apartment, or apartment &/or (s)) w/separate utilities excl. gas & water at NO EXPENSE, just change the locks! 2 HVAC units (1 unit app. 7yr) & 2 hot water heaters. Brand new roof app 6.5 year. This gem is located on Elston Ave. w/great visibility but also the charm of cozy Forest Glen residential neighbors and Forest Preserves nearby. There is ample street parking w/a 4-6 vehicle accommodation in the back parking area. Back area paved app. 8 years ago. This rare opportunity offers 3 sizeable open rooms/spaces/offices, 2 enclosed offices, 1 kitchenette area (currently lunchroom/conference room) & 2 tastefully updated full bathrooms w/walk-in showers. Roughed-in plumbing for another kitchen area &/or laundry which is ideal if the offices are separated! The entire space is updated tastefully with neutral paint, wood-like porcelain floors, newer doors, newer glass in windows, newer light fixtures/fans, and great flow! Can function as an office or can be used as a living space as a single &/or double residential property or condo conversion as a Residential Certificate can be acquired as a matter of right with it's zoning as a residential R3. Only serious and pre-approved buyers/investors allowed for showings. A must see to appreciate and envision the possibilities that may suit you!
Please reach out to Seller via email initially with contact information including phone number and name.
Please reach out to Seller via email initially with contact information including phone number and name.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
C
Year Built/Renovated
1960/2018
Price
$399,999
Price Per SF
$250.00
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.08 AC
Zoning
R3 - R-3, Single &Two-Family Residential Dist intended to provide areas for low-density Res. Development, including single & 2-family att. & det dwellings
Parking
3 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
21’ on Elston Ave
Amenities
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-05-412-036-0000 | Improvements Assessment | $26,616 |
| Land Assessment | $19,531 | Total Assessment | $46,147 |
Property Taxes
Parcel Number
13-05-412-036-0000
Land Assessment
$19,531
Improvements Assessment
$26,616
Total Assessment
$46,147
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Presented by
Maverick LLC
5791 N Elston
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