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Rare, design-forward live/work asset 2331 N Elston Ct 2,640 SF Retail Building Chicago, IL 60614 $1,799,361 CAD ($681.58 CAD/SF)



Investment Highlights
- Located in the heart of Chicago's rapidly evolving North Branch corridor
- ?Flexibility for commercial, production, studio, showroom, or digital business
- Attached four-car garage with 11' ceilings
- Zoned M3-3
- Ground level features a fully functional commercial/office space
- Fully renovated loft-style residence
Executive Summary
Located in the heart of Chicago's rapidly evolving North Branch corridor at the intersection of Bucktown, Lincoln Park, 2331 N Elston Ave presents a rare, design-forward live/work asset built for today's creator economy.? Zoned M3-3, this property offers true flexibility for commercial, production, studio, showroom, or digital business use-perfectly suited for DJs, musicians, content creators, designers, and entrepreneurs seeking a seamless integration of workspace and residence.? The ground level features a fully functional commercial/office space, ideal for a studio, recording space, gallery, or client-facing business.? The attached four-car garage with 11' ceilings provides exceptional utility-perfect for equipment storage, production build-outs, or creative conversion (think podcast studio, photo/video set, or private event space).? Above, a fully renovated loft-style residence delivers a clean, modern backdrop ideal for both living and content creation.? The open-concept layout is flooded with natural light from oversized windows and skylights, offering unobstructed park views and a dramatic south-facing skyline-an ideal setting for filming, streaming, or entertaining.? The oversized kitchen island anchors the space, while the flexible layout allows for multiple shooting angles, work zones, or collaborative environments.? Two bedrooms positioned on opposite ends provide privacy and versatility-whether for living, editing suites, or additional studio space.? The spa-style bathroom, in-unit laundry, and abundant built-in storage enhance livability without compromising the creative flow.? From a location standpoint, this property sits within the direct path of growth driven by the massive Lincoln Yards redevelopment, bringing a wave of new residential density, retail, entertainment, and infrastructure to the immediate area.? The surrounding Elston corridor has quickly become a hub for boutique fitness, creative office, and experiential concepts-aligning perfectly with modern lifestyle brands and independent operators.? Accessibility is unmatched, with immediate proximity to the Kennedy Expressway, Milwaukee Avenue, and CTA Blue Line access at Damen-making it easy for clients, collaborators, or teams to connect.? Outdoor and lifestyle amenities including the The 606 and riverwalk trails are just steps away.? Additionally, Midtown Athletic Club sits just around the corner, offering a high-end wellness and networking environment with pools, tennis, fitness classes, and dining-an added lifestyle plus for any modern operator.? This is not just a property-it's a platform.? Whether you're building a brand, scaling a digital presence, producing content, or operating a creative business, 2331 N Elston offers the infrastructure, flexibility, and location to support it-all while capturing long-term upside in one of Chicago's most dynamic growth corridors.?
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$17,879
|
$6.77
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,879
|
$6.77
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $17,879 |
| Annual Per SF | $6.77 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,879 |
| Annual Per SF | $6.77 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,640 SF
Building Class
C
Year Built/Renovated
1889/1953
Price
$1,799,361 CAD
Price Per SF
$681.58 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.07 AC
Zoning
M3-3 - M3-3
Parking
6 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Storage Space
- Air Conditioning
Exceptionally walkable
90/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-31-200-023-0000 | Total Assessment | $106,586 CAD |
| Land Assessment | $26,819 CAD | Annual Taxes | $17,879 CAD ($6.77 CAD/SF) |
| Improvements Assessment | $79,766 CAD | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
14-31-200-023-0000
Land Assessment
$26,819 CAD
Improvements Assessment
$79,766 CAD
Total Assessment
$106,586 CAD
Annual Taxes
$17,879 CAD ($6.77 CAD/SF)
Tax Year
2025 Payable 2026
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Rare, design-forward live/work asset | 2331 N Elston Ct
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