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5703 N Elston Ave - 5703-5717 N Elston 0.34 Acres of Commercial Land Offered at $1,665,372 CAD in Chicago, IL 60646
Investment Highlights
- 14,705 square foot redevelopment site: 5703 is a 1,140 SF auto repair shop, 5713 is a 3,125 SF lot, and 5717 is a 1,200 SF commercial building
- Leased for $4,592/mo MTM
- Perfect development opportunity: potential to develop mixed-use with retail and apartments or multi-tenant commercial property
- Auto repair shop is improved with two service bays and office/waiting area
- Heavily-trafficked corner and Central and Elston, each with frontage of 150'
- Dense urban population with strong demographics
Executive Summary
A 14,705 square foot corner redevelopment site in Jefferson Park is available for sale. Currently, the site is improved with a muffler/auto-repair shop, a commercial storefront with a 750 square foot garage and a fenced area for outdoor storage. The property can potentially be redeveloped as a mixed-use building with retail and apartments or as a multi-tenant commercial building.
The location benefits from the easy access to I-90, the Jefferson Park Transit Center and excellent visibility. The neighborhood features several commercial corridors including along Elston Avenue, Milwaukee Avenue, and Northwest Highway.
The location benefits from the easy access to I-90, the Jefferson Park Transit Center and excellent visibility. The neighborhood features several commercial corridors including along Elston Avenue, Milwaukee Avenue, and Northwest Highway.
Property Facts
| Price | $1,665,372 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.34 AC |
| Property Type | Land | ||
| Zoning | B3-1 | ||
| Price | $1,665,372 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.34 AC |
| Zoning | B3-1 |
1 Lot Available
Lot
| Price | $1,665,372 CAD | Lot Size | 0.34 AC |
| Price Per AC | $4,933,602.30 CAD |
| Price | $1,665,372 CAD |
| Price Per AC | $4,933,602.30 CAD |
| Lot Size | 0.34 AC |
A 14,705 square foot corner redevelopment site in Jefferson Park is available for sale.
Description
A 14,705 square foot corner redevelopment site in Jefferson Park is available for sale. Currently, the site is improved with a muffler/auto-repair shop, a commercial storefront with a 750 square foot garage and a fenced area for outdoor storage. The property can potentially be redeveloped as a mixed-use building with retail and apartments or as a multi-tenant commercial building.
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Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 13-05-415-038-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $13,031 CAD | Total Assessment | $13,031 CAD |
Property Taxes
Parcel Number
13-05-415-038-0000
Land Assessment
$13,031 CAD
Improvements Assessment
$0 CAD
Total Assessment
$13,031 CAD
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5703 N Elston Ave - 5703-5717 N Elston
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