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    3256 N Elston Ave Chicago, IL 60618

    For Sale
    $1,249,000

    Commercial Sale - Chicago, IL

    Property size:
    5,368 SF
    Days on Market:
    13
    Last Refresh:
    Dec 13 at 6:06 am

    Property Features for 3256 N Elston Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTHER
    APN
    13243220250000
    Size
    5,368 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1916
    Number of units
    3
    Architectural style
    Other

    Chicagoland Brokers Inc. (773) 745-1000 [email protected]

    Listing agent Petru Amarei (773) 745-1000 License #471013177

    Listing date Dec 1, 2025

    MLS# 12185523 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Avondale Commercial Building For Sale

    This 5,368 square foot commercial building is located in the Avondale neighborhood of Chicago, Illinois. The property features a 2,500 square foot restaurant space with two full basements, offering 2,000 square feet of storage. The restaurant space has an estimated monthly rent of $5,000. Additionally, the building includes two 2-bedroom apartments, with a total estimated monthly rent of $4,000. The total estimated monthly building rent is approximately $9,000, or $108,000 per year. The property benefits from great corner visibility and high traffic, with 15,000 cars per day. It is very accessible, close to the Kennedy ramps via Sacramento, Kedzie, and California, and a 15-minute walk to the Blue Line at Kimball. The property is located in an area with many new developments nearby, including several major proposed townhouse complexes within several blocks. This property presents a terrific restaurant or business opportunity, and is perfect for an owner-user.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    DonerMen, Logan Oyster Socials, Food2You Maplewood, Inc., CMB Catering, Paramount Events - Avondale - Winter 2022

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.700343
    Latitude
    41.940425

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    FAQs

    What type of property is this?
    Restaurant - Commercial building in Avondale with restaurant and apartment income potential.
    Where is this restaurant located?
    The property is located at 3256 N Elston Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: - Prime location in booming Avondale, ideal for owner-user business.; - High visibility corner location with 15,000 cars per day traffic.; - Significant income potential: $9k monthly ($108k annually) rent estimate from restaurant and apartments.
    (773) 745-1000
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    Chicago, IL 60618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3256 N Elston Ave Chicago, IL 60618
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