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    3968 N Elston Ave Chicago, IL 60618

    For Lease
    $19 SF/Yr

    2,500 SF second generation restaurant space for lease.

    Property Features for 3968 N Elston Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1920

    Source: STRAUSS REALTY LTD Agent CRAIG WOLF

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space in Irving Park

    This 2,500 square foot second generation restaurant space is available for lease in the Irving Park neighborhood. The property is situated just south of Irving Park Road, across from a McDonald's and next to JT's Sandwich Shop. It features frontage along Elston Avenue, which sees approximately 15,200 vehicles daily. The space has a high ceiling and has been freshly redone. Storage is available. The location offers convenient access to I-90/94, the CTA blue line, and the Union Pacific NW Metra line. Nearby businesses include Buona Terra Italian Restaurant, Ladybug Daycare, and Apna Indian Grill & Bar. The property is suitable for restaurant or retail use.
    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

    Curry Lush, Cassava Empanadas, T&W Solutions LLC, Taquiza Restauranteur 01, Shmeal

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7187535
    Latitude
    41.9531118

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    FAQs

    What type of property is this?
    Restaurant - 2,500 SF second generation restaurant space for lease.
    Where is this restaurant located?
    The property is located at 3968 N Elston Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Irving Park with high visibility on Elston Avenue (15,200 vehicles daily).; - 2,500 SF second-generation restaurant space, ready for immediate occupancy.; - Recently renovated space with high ceilings.
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    3968 N Elston Ave Chicago, IL 60618
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