3701 North Elston Avenue

Chicago, IL 60618

$900,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Asking price of $900,000. Mixed use building in Avondale with a total of 6 units. 3 retail spaces on ground floor. 2 apartments on second floor (1bd unit and 2bd unit) along with 1 office on second floor. Second floor office could be converted to an apartment or added to the existing 1bd unit to create a larger unit. One parking spot in the rear. B3-1 zoning. Pro Forma NOI of $78,128. Ground floor retail unit (3701) has been leased. Second floor office is vacant upon sale. Building insurance is $3,216.Asking price of $900,000. Mixed use building in Avondale with a total of 6 units. 3 retail spaces on ground floor. 2 apartments on second floor (1bd unit and 2bd unit) along with 1 office on second floor. Second floor office could be converted to an apartment or added to the existing 1bd unit to create a larger unit. One parking spot in the rear. B3-1 zoning. Pro Forma NOI of $78,128. Ground floor retail unit (3701) has been leased. Second floor office is vacant upon sale. Building insurance is $3,216.
  1. Listed by Craig Wolf • Strauss Realty Ltd

Property Details for 3701 North Elston Avenue

Area
CHI - Irving Park
Township
North Chicago
Zoning
COMMR
LISTING UPDATED: 08/17/2024 03:18 AM

Property Details for 3701 North Elston Avenue

StatusActive
MLS #11481116
Days on Market957
Taxes$9,827 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1927
Lot Size0.10 AC / 4,217 SF
CountyCook County

Building Information for 3701 North Elston Avenue

Stories2Residences5Year Built1927Lot Size0.10 AC / 4,217 SF

Property Information for 3701 North Elston Avenue

General Information
Location and General Information
  • Geographic Locale: Chicago North
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Partial
  • Electric: Separate Meters
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 87 X 92 X 127
  • Lot Size Square Feet: 4217.0
  • Stories: 2
  • Construction: Brick
  • Fire Protection: Other
  • Roof Structure: Flat
  • Building Area Total: 5940
  • # Of Offices: 2
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 11
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $1,284.00
  • Fuel Expense: $.00
  • Gross Income: $95,148.00
  • Gross Scheduled Income: $95,148.00
  • Insurance Expense: $3,216.00
  • Electric Expense Source: Broker Projection
  • Expense Year: 2020
  • Insurance Expense Source: Broker Projection
  • Total Monthly Income: 7929
  • Water Expense Source: Broker Projection
  • Net Operating Income: $78,128.00
  • Operating Expense: $17,020.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $150.00

Property History for 3701 North Elston Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3701 North Elston Avenue

Taxable ValueLand$11,375Additions$44,625Total$56,000
Tax Record2022$11,559 ($963 / month)
Home Facts
Baths6Total Finished SqFt5,940 SqFtAbove Grade Finished SqFt5,940 SqFtStories2Lot Size3,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1929CountyCOOKAPN13-23-222-018

Schools near 3701 North Elston Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 7 to 8
Rating
School
Distance
Cleveland Elementary School
PublicPK to 8

Schurz High School
Public9 to 12

CICS Irving Park
CharterK to 8

Marshall Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3701 North Elston Avenue is a mixed use property for sale in Chicago, IL 60618. This property was listed for sale on August 2, 2022 by Strauss Realty Ltd, it's currently listed at $900,000. It has been on the market for a total of 957 days and was last sold on November 5, 2021. This listing's school district is Chicago Public Schools. Nearby schools include Cleveland Elementary School, Schurz High School and CICS Irving Park. 3701 North Elston Avenue is a 0-bed, 0-bath, mixed use property built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Strauss Realty Ltd

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/17/2024 03:18 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.