4821 N Elston

4821 N Elston , Chicago, Illinois, 60630 | 4,112 sq.f | $ 1,200,000

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About This Restaurant

Investment Highlights

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Executive Summary

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. Refer to links below for more info on this and other hospitality listings, including restaurants, bars/taverns, entertainment venues, breweries, dispensaries and much more. Stay in the know and receive the latest by joining our email list and private Facebook Group page by visiting our website or clicking the links below.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Storefront General Retail Storefront Retail/Residential Restaurant
  • Building Size    4,112
  • Building Class    C
  • Year Built    1949
  • Price    1,200,000
  • Price Per SF    292
  • Cap Rate    5.42
  • NOI    64,980
  • Percent Leased    Vacant
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    0.56
  • Land Acres    0.17 AC

Amenities

  • Corner Lot
  • Air Conditioning

Nearby Amenities & Transportation

Retail Parkway Bank & Trust Company
Retail Starbucks
Retail LA Fitness
Retail XSport Fitness
Retail Fifth Third Bank
Retail Huntington National Bank
Retail Jewel-Osco
Retail IHOP
Retail Jazzercise
Retail Chase Bank

Property Taxes

Parcel Number 13-10-316-025-0000 13-10-316-024-0000 13-10-316-026-0000 Improvements Assessment $14,178 (2023)
Land Assessment $44,815 (2023) Total Assessment $9,040 (2.20/SF)
Date Created: 2024-07-16 04:13:39 Last Updated: 2024-07-16 04:13:39
Address: 4821 N Elston , Chicago, Illinois, 60630