Address
4242 N Elston Avenue, Chicago, IL
Price
$ 3,075,000
Property Attributes
  • MLS#11424142
  • TypeIndustrial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Irving Park
  • NeighborhoodIrving Park
  • Zip60618
  • Style
  • Year Built1919
  • Taxes$ 38512
  • Price$ 3,075,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage19750
  • Lot Size0.358701 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Available for purchase for the first time in over 37 Years this well taken care of Warehouse/Flex building in the Irving Park neighborhood of Chicago has been occupied by a long-term tenant with prospective new ownership having the ability to continue with leasing the property or become an owner/user when lease expires in May, 2024. Consisting of almost 20,000 sq ft of Office and Warehouse space under roof, the property also is paired with a nearby gated side lot (approx. 3,000 sq ft) for employee parking. Two large (13') Overhead doors allow access from Elston with drive-thru capability to exit straight south to Berteau Ave or vice-versa. Currently used as a secured truck garage & storage there is approx. 15,625 sq ft of space on the first floor with 12,500 sq ft of warehouse and the remaining 3,125 sq ft consisting of office space. Additionally, there is another 4000 sq' of executive office space with it's own entrance and exit and not part of the lower level of parking and other offices so could potentially be used for other purposes.

Price History
6/3/2022 Listed $3,499,000
7/7/2022 13% - $3,075,000

General Features

Additional Parcels Y/N Yes
City Chicago
Cooling Office Only
County Cook
Days on Market 41
Directions On Elston Ave just North of Irving Park Road
Electric Other
Grossincome 222997
Leasable Area 19750
Lease Type Modified Gross
Lot Size Square Feet 15625
MLS Area CHI - Irving Park
Net Operating Income 182440
Operatingexpense 40557
Property Type Commercial Sale
Property Type Industrial
Standard Status Active
Status Active
Stories 2
Street Name Elston
Tax Annual Amount 38512
Tax Year 2020
Tenant Pays Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Scavenger, Sewer
Year Built 1919
Zoning COMMR

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 19750
Lot Dimensions 125 X 125

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Industrial Average in 60618

Price
AVG $1.12M
$3.08M
Taxes
AVG $46,150
$38,512
Visits
AVG 136
6
Year Built
AVG 1940
1919
Walkscore
AVG 85
90
Data Provided by Walkscore ® not using MLS data