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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Contact
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Brian Laskov Managing Broker 312-575-0480 Ext. 114 brian@kudangroup.com |
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Juan Carlos Gomez Principal 312-575-0480 Ext. 111 juancarlos@kudangroup.com |
Inquire
4821 N. Elston St., Chicago, IL |
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Kudan Group, Inc.
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