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

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

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4821 N. Elston St., Chicago, IL

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Free Standing Single-Tenant Restaurant and Brewery for Sale. https://kudangroup.com/breweries-and-distilleries/western-suburb-elmhurst-169-171-n-addison-st/

This opportunity along with industry news was featured on our most recent volume of the KG Weekender.  For a quarter century, Kudan Group has provided real estate and business brokerage opportunities to thousands of restauranteurs and other hospitality operators, as well as represented commercial property owners. 

View full weekender email here: https://conta.cc/4dSiBaV Join our growing community to be in the know.

Free Standing Single-Tenant Restaurant and Brewery for Sale. kudangroup.com/breweries-and-distilleries/western-suburb-elmhurst-169-171-n-addison-st/

This opportunity along with industry news was featured on our most recent volume of the KG Weekender. For a quarter century, Kudan Group has provided real estate and business brokerage opportunities to thousands of restauranteurs and other hospitality operators, as well as represented commercial property owners.

View full weekender email here: conta.cc/4dSiBaV Join our growing community to be in the know.
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7 months ago