Chicago Retail Space For
4108 N Elston Ave Chicago, IL 60618
4108 N Elston Ave, Chicago, IL, 60618
Contact for pricing
For Sale
Contact for pricing
Retail property in a densely populated Chicago neighborhood.
Property Size7,000 SF
Price / SF$427.86
Days on Market58
Property Features for 4108 N Elston Ave
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Property subtype
- RETAIL
Listing Agency
Jameson Commercial
(773) 551-5165
Listed by
Art Collazo · License #475131028
Source
Moodyscre
Added: May 25 Updated: Jul 10 at 1:41 pm Checked: Jul 19 at 3:05 am
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 Jameson Commercial
Investment Insights
Based on property information with market context.
This 7,000 square foot retail property is located in the near north side of Chicago, at the intersection of Irving Park Road and Elston Avenue. The location offers close proximity to the Kennedy Expressway and near north side neighborhoods. Situated on major traffic arteries, the property benefits from great street visibility and access. The surrounding area is densely populated and identified as a prime neighborhood for residential and mixed-use redevelopment. The property is a short walk from CTA Train and Metra stations.
Key Highlights
- Prime location ideal for residential & mixed‑use redevelopment.
- High street visibility and easy access on major traffic arteries.
- Densely populated area ensures consistent activity.
Local Financial Insights For Retail
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 | $153.7k | $21.96 |
| − Vacancy | −$13.1k | −$1.87 |
| EGI | $140.7k | $20.09 |
| − OpEx | −$42.2k | −$6.03 |
| NOI | $98.5k | $14.07 |
7,000 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,458 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,091 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Retail property in a densely populated Chicago neighborhood.
Where is this retail property located?
The property is located at 4108 N Elston Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Prime location ideal for residential & mixed‑use redevelopment.; High street visibility and easy access on major traffic arteries.; Densely populated area ensures consistent activity.
