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Multi-tenant Office Building
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4835 N Elston Ave, Chicago, IL 60630

Office building with flexibility to occupy all or half, with current tenants expiring in January 2022.

Property SizeContact for details
Days on Market142

Property Features for 4835 N Elston Ave

General Information

Standard status Active
Property subtype Office

Additional Details

Highway Access Yes
Listing Agency: Eprus Group, Inc
Listed By: Jim Tsevis · License #471.010909
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 11:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eprus Group, Inc

Investment Insights

Based on property information with market context.

This office building offers a flexible layout for a buyer who wants to occupy the entire building or take half while leasing the remaining floor. The current tenant arrangements are set to expire in January 2022, creating an opportunity for a user and/or a new leasing plan going forward.

The property is located in Chicago’s Albany Park neighborhood in the 39th Ward and is described as part of the Foster/Edens TIF. Easy access to I-90 and I-94 is noted in the public remarks, supporting convenient regional connectivity.

For buyers evaluating an owner-occupant strategy, or those looking to re-tenant after expiration, the building’s configuration supports either full or partial occupancy depending on space needs.

Key Highlights

  • Office building with flexibility to occupy all or half the building
  • Current tenants expire January 2022
  • Located with easy access to I‑90 and I‑94

Property Analytics

Current Use

4835 Studios, Inc Recording Studio Barry.San Tattoos Tattoo & Piercing Shop Tattoo Boulevard Tattoo & Piercing Shop Ta2Hooligan Tattoo & Piercing Shop Angel Tattoo Shop Tattoo & Piercing Shop

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Acupuncture Furniture & Home Goods Real Estate Agency Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,425
Businesses Nearby

Demographics for 60630, IL

54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building with flexibility to occupy all or half, with current tenants expiring in January 2022.
Where is this office building located?
The property is located at 4835 N Elston Ave Chicago, IL.
What are key features of this property?
This property features: Office building with flexibility to occupy all or half the building; Current tenants expire January 2022; Located with easy access to I‑90 and I‑94
More about this property
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