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Mixed-Use Property with Garage
For Sale
$1,299,900

2331 N Elston Avenue, Chicago, IL 60614

Ground-floor commercial space sits below a loft residence, with outdoor areas and an unfinished basement adding usable flexibility.

Property SizeContact for details
Days on Market31

Property Features for 2331 N Elston Avenue

General Information

Standard status Active
Total Parking Spaces 4
Property subtype MULTI_FAMILY
Zoning M3-3

Site & Location

Neighborhood Bucktown
Highway Access Yes
Public Transit Yes

Additional Details

Floor First Floor
Office Units 1
Property Use Live/Work

Taxes and HOA fees

Annual Taxes $12,916

Building Details

Year Built 1953
Buildings 1
Stories 2
Construction brick
Listing Agency: Fulton Grace Realty
Listed By: Shawn Nam
Source: Lwreedy
Added: Oct 2 Changed: Oct 27 Last Checked: Nov 1 at 1:41PM

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 Fulton Grace Realty

Rey
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Investment Insights

Based on property information with market context.

Built in 1953, this two-story, all-brick mixed-use property combines commercial space on the first floor with a renovated loft residence above. The home has two bedrooms, an open kitchen and living area, skylights, in-unit laundry, and built-in storage. A 120-foot private driveway reaches an attached four-car garage with 11-foot ceilings. Rooftop space above the garage, a separate outdoor area, and an unfinished basement round out the property. The roof and windows were replaced in 2015, and the site is zoned M3-3.

The property is near Elston Avenue and has access to the Kennedy Expressway, Milwaukee Avenue, Elston bike lanes, Divvy stations, and the Damen Blue Line stop. The 606 Trail, riverwalk, and Midtown Athletic Club are also identified nearby. The second-floor residence has park views and south-facing views of the Chicago skyline.

Key Highlights

  • M3‑3 zoning
  • Two‑story, all‑brick building with ground‑floor commercial space and an upstairs residence
  • 120‑foot private driveway leads to an attached four‑car garage with 11‑foot ceilings

Property Analytics

Current Use

geography of hope Charitable Organization

Suggested Use

Top Pick HVAC Service Accounting Firm Garden Center Nursing Home (Bike/Boat/Book/etc) Store Butcher

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

1
Office units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,505
Businesses Nearby

Demographics for 60614, IL

73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor commercial space sits below a loft residence, with outdoor areas and an unfinished basement adding usable flexibility.
Where is this mixed-use property located?
The property is located at 2331 N Elston Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: M3‑3 zoning; Two‑story, all‑brick building with ground‑floor commercial space and an upstairs residence; 120‑foot private driveway leads to an attached four‑car garage with 11‑foot ceilings
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