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Mixed-Use Property with Apartment
For Sale
$600,000

4163 N Elston Avenue, Chicago, IL 60618

Combines a three-bedroom apartment, storefront, warehouse space, and heated workshop with separate residential and commercial access.

Property SizeContact for details
Days on Market12

Property Features for 4163 N Elston Avenue

General Information

Standard status Active
Property subtype Commercial

Additional Details

Road Access Yes
Three-Phase Power Yes

Taxes and HOA fees

Annual Taxes $8,046

Amenities

Central air
Central Air Cooling
Membrane Roof
Rubber Roof

Building Details

Year Built 1935
Listing Agency: COLDWELL BANKER REALTY
Listed By: BUD CARUSO · License #475094743
Source: Corcoran
Added: Aug 24 Changed: Sep 2 Last Checked: Sep 4 at 9:05AM

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 COLDWELL BANKER REALTY

Investment Insights

Based on property information with market context.

This mixed-use property combines a three-bedroom apartment with commercial space configured for a storefront, warehouse area, and heated workshop. The 1,500-square-foot apartment includes a large kitchen, dining room, living room, family room, in-unit laundry, central heat and air, and sliding-door access to a rooftop deck. Three-phase electrical service supports a range of equipment, while a garage furnace and dedicated commercial entry add functionality to the business area.

Residential access is provided from Elston Avenue, with the rear shop entrance located on Hamlin Avenue rather than an alley. Capital improvements include a 2015 furnace and air-conditioning system, windows updated in 2013 and 2017, bathroom renovations completed in 2013 and 2018, a 2014 kitchen remodel, a 2016 water heater, hardwired business-area exit signs installed in 2022, a second-floor air conditioner replaced in 2022, 2023 tuck pointing, a 2023 garage furnace, a 2025 sump pump, and roof service in 2023/2026.

Key Highlights

  • 1,500‑square‑foot three‑bedroom apartment with in‑unit laundry and central heat/air
  • Commercial area includes storefront, warehouse space, and heated workshop
  • Three‑phase electrical service for equipment use

Property Analytics

Current Use

SK8 Chicago Gym & Fitness Center

Suggested Use

Top Pick Law Firm Skin Care Clinic Nursing Home (Bike/Boat/Book/etc) Store Bed & Breakfast Tanning Salon

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
Paved road access

Location Intelligence

Trade Area within ½ mile

1,973
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Combines a three-bedroom apartment, storefront, warehouse space, and heated workshop with separate residential and commercial access.
Where is this mixed-use property located?
The property is located at 4163 N Elston Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,500‑square‑foot three‑bedroom apartment with in‑unit laundry and central heat/air; Commercial area includes storefront, warehouse space, and heated workshop; Three‑phase electrical service for equipment use
More about this property
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