Albany Park and North Mayfair - 4821 N. Elston St., Chicago, IL

Property Description: Mixed-use value-add investment property opportunity with parking for sale or lease.

Purchase or lease this mixed-use building situated on three lots, just off Elston and Lawrence Aves., near hwy. 90/94. The opportunity boasts a turn-key restaurant and two-bedroom apartment, as well as a nine-car lot. This is an ideal investment property with value-add options or for an owner/operator with an income-producing apartment. The property also has development potential by increasing it’s dwelling footprint by fourteen units or adding a drive-thru. The restaurant features a 20′ hood, walk-in cooler, and an expansive patio. The dwelling unit features a spacious updated two-bedroom apartment.

Location: North Mayfair

Part of the larger Albany Park community area, Mayfair is a neighborhood that is typically defined by its diversity and its abundance of Historic Chicago Bungalows, a fact that played a significant role in getting North Mayfair added to the National Register of Historic Places in 2006. Mayfair’s “close-knit, family appeal and neighborly character,” as well as its strong housing stock, helped the area get voted “The Best Place for Bungalows and First-Time Buyers” by This Old House magazine in 2010.

—thechicagoneighborhoods.com

Purchase Price	$1,100,000 (Real Estate)	Property Taxes	$9,040.49 (2021)
Lease Rate	$30/SF MG	OpEx	N/A
Size (Approx.)	4,112 SF (Bldg.), 7,500 SF (Lot)	Zone	C1-2

Downloads
Select to download document.

Marketing Material

Pictures

360 Virtual Tours

Contact

	Brian Laskov Managing Broker 312-575-0480 Ext. 114 brian@kudangroup.com
	Juan Carlos Gomez Principal 312-575-0480 Ext. 111 juancarlos@kudangroup.com

Inquire

4821 N. Elston St., Chicago, IL

Join our group page, Hospitality Resource Hub.

Hospitality Resource Hub provides a collaborative platform for hospitality business owners and professionals to share information and resources. The community enables creative problem-solving through collective dialogue and discussion. Post topics include national and local: financial assistance programs, industry legislation, licensing guidance, events, industry advances and achievements, municipal and state announcements, compliance reminders, and much more. You are free to share information, join in the discussion or simply peer the latest trending industry new.