Mixed-Use Building with
New
For Sale
$469,900
5316 W North Avenue, Chicago, IL 60639
COMMERCIAL - Chicago, IL
Property Size1,044 SF
Lot Size0.07 Acres
Price / SF$450.10
Days on Market4
Property Features for 5316 W North Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Located on the North side of North Avenue, One Block West of Laramie Avenue.
Subdivision
CHI - Austin
Standard status
Active
APN
13333240330000
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
3376
Utilities
Utilities
Water Available
Building Details
Year built
1926
Floors in Building
3
Number of units
3
Flooring type
Carpet, Tile, Wood
Building materials
Brick
Listing Agency:
RLB Realty Group, Inc.
(773) 268-2000
Listed By:
Latangela Ward
(773) 268-2000
Added: Jul 29
Last Checked: Aug 1 at 8:06AM
MLS# 12714643
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This fully vacant mixed-use property includes street-level commercial space and two residential units configured as two-bedroom, one-bath apartments. Each apartment has separate living and dining rooms, providing distinct interior space for everyday use. A detached two-car garage is also included with the building. The property is offered for sale as-is, with buyers responsible for conducting inspections and verifying all details material to the purchase, including room dimensions, square footage, zoning, permitted uses, and taxes.
The building is located on North Avenue with street frontage and convenient access to public transportation, shopping, restaurants, and major expressways. The overall layout supports flexible use by a new owner, subject to applicable zoning and municipal requirements.
The commercial and residential components are contained within a single building, and the detached garage provides additional on-site parking for residents, as applicable under prevailing requirements.
The building is located on North Avenue with street frontage and convenient access to public transportation, shopping, restaurants, and major expressways. The overall layout supports flexible use by a new owner, subject to applicable zoning and municipal requirements.
The commercial and residential components are contained within a single building, and the detached garage provides additional on-site parking for residents, as applicable under prevailing requirements.
Key Highlights
- Brick mixed‑use building with approximately 1,044 SF of street‑level commercial space
- Includes two 2‑bedroom, 1‑bath residential apartments with separate living and dining rooms
- Detached two‑car garage on‑site
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.9k | $25.80 |
| − Vacancy | −$1.8k | −$1.68 |
| EGI | $25.2k | $24.12 |
| − OpEx | −$7.6k | −$7.24 |
| NOI | $17.6k | $16.89 |
1,044 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$251.8K
$220.4K – $293.8K
NOI $17,629 @ 7.0% cap · market cap 3.75%
Second Best
Mixed Use
$231.5K
$202.6K – $270.1K
NOI $16,208 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$461.6K
$403.9K – $538.5K
NOI $32,312 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 60639, IL
89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Market
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant mixed-use building with street-level retail space, two residential units, and a detached two-car garage.
Where is this mixed-use property located?
The property is located at 5316 W North Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Brick mixed‑use building with approximately 1,044 SF of street‑level commercial space; Includes two 2‑bedroom, 1‑bath residential apartments with separate living and dining rooms; Detached two‑car garage on‑site
