4369 N Elston Avenue Chicago, IL 60641
Commercial Sale, Other - Chicago, IL
Property Features for 4369 N Elston Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Standard status
- Active
- APN
- 13154050130000
- Lot size
- 2,950.00 Acres
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1924
- Roof type
- Tar/Gravel
- Architectural style
- Other
Listing agent Jazmyne Zasanski (773) 797-9500
Listing office Engel & Völkers Chicago 2401 N Clark Street, Chicago, IL (773) 797-9500
Listing date Jun 12, 2026
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Irving Park/Old Irving Park area at 4369 N Elston Avenue, the property is positioned for access to public transit, with proximity to the Montrose Blue Line. The listing also notes minutes to the I-90/94 interchange.
Recent upgrades include new windows, water heater replacement, and washer/dryer updates. The units have fully separated utilities, supporting reduced owner overhead.
Key Highlights
- Prime location in Irving Park/Old Irving Park with high visibility and strong foot traffic.
- B3‑2 zoning offers redevelopment flexibility and a wide range of commercial uses.
- Strong income potential from ground‑floor commercial space and two updated apartments.
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 | $108.0k | $21.60 |
| − Vacancy | −$9.2k | −$1.84 |
| EGI | $98.8k | $19.76 |
| − OpEx | −$29.6k | −$5.93 |
| NOI | $69.2k | $13.83 |