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6135 N Elston Ave
Chicago, IL 60646
Office Property For Sale
Investment Highlights
- Gated Adjacent Lot Included
- Many Updates Throughout the Building
Executive Summary
Rare turnkey mixed-use opportunity with an adjacent paved and gated lot in Chicago's Norwood Park neighborhood. The approximately 1,375-square-foot commercial space features two private offices, a conference room, reception area, bright front lobby/showroom and two washrooms. An attached approximately 1,000-square-foot warehouse/garage includes an industrial-grade epoxy floor and a 10-foot-high by 14-foot-wide overhead door-ideal for storage, service operations, light industrial use or fleet parking. The second floor offers a spacious, well-maintained approximately 1,700-square-foot apartment with two bedrooms and 1.5 baths, providing excellent rental potential or an ideal live-on-site option for an owner-operator. The sale also includes an approximately 3,000-square-foot paved and gated adjacent lot, offering additional parking, outdoor storage, expansion or future redevelopment potential. Delivered fully vacant for immediate occupancy or leasing, with separate entrances, B3-1 zoning and convenient access to I-90 and I-94. Pro forma projections reflect $76,200 in annual gross income and $54,018 in NOI, representing an estimated 6.36 cap rate at the current asking price. Tenants are responsible for gas and electricity. All income and expense figures are estimates; buyer to independently verify financial information, zoning and permitted uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,625 SF
Building Class
C
Year Built
1962
Price
$1,176,043 CAD
Price Per SF
$324.43 CAD
Cap Rate
6.36%
NOI
$74,826 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,375 SF
Building FAR
0.60
Lot Size
0.14 AC
Zoning
B3-1 - Community Shopping District
Parking
3 Spaces (0.83 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $45,294 CAD | |
| Land Assessment | $25,763 CAD | Total Assessment | $71,057 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$25,763 CAD
Improvements Assessment
$45,294 CAD
Total Assessment
$71,057 CAD
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