3159 N California Ave Chicago, IL 60618

This mixed-use property is located at the intersection of Belmont, California, and Elston Avenues. The corner building encompasses 18,812 square feet with 159 linear feet on Belmont Avenue. Additionally, 3173 Elston Avenue includes a 4,500 square foot lot with a 4,200 square foot one-story brick building under a triple net lease. The property features seven stores and nine apartments, plus income from a rooftop sign. Each apartment has its own roof deck, and there is also a common roof deck for all tenants. A shared parking lot with 19 spaces adjoins the properties. Each apartment and store has individual forced air conditioning and heating units. The properties are meticulously cleaned and well-kept. The sale is subject to a 1031 Exchange. The properties will be sold as is, where is, and will not be divided. The current tenants are long-term, and there is potential to increase rental income to current market rates, particularly for the apartments, which have rents below market value.