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Vacant Mixed-Use Property
For Sale
$469,900

5316 W North Avenue, Chicago, IL 60639

Street-level commercial space accompanies two residential apartments and a detached garage, offering multiple occupancy configurations subject to applicable requirements.

Property Size4,098 SF
Days on Market14

Property Features for 5316 W North Avenue

General Information

Standard status Active
Size 4,098 SF
Total Parking Spaces 2
Property subtype Commercial

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,376

Building Details

Building Size 4,098 SF
Year Built 1926
Buildings 1
Stories 3
Units 3
Listing Agency: RLB Realty Group, Inc.
Listed By: Latangela Ward
Source: Birdrealtysells
Added: Jul 29 Changed: Aug 6 Last Checked: Aug 11 at 1:34PM

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 RLB Realty Group, Inc.

Investment Insights

Based on property information with market context.

Built in 1926, this vacant mixed-use property combines approximately 1,044 square feet of street-level commercial space with two residential apartments. Each apartment includes two bedrooms, one bathroom, and separate living and dining rooms. A detached two-car garage adds practical accessory space to the property.

The building fronts North Avenue in Chicago, with access to public transportation, shopping, restaurants, and major expressways. The property is being sold as-is, allowing the next owner to evaluate leasing, occupancy, customization, or renovation plans in accordance with applicable zoning and municipal requirements. Buyers are responsible for independently verifying dimensions, square footage, zoning, permitted uses, taxes, and other purchase-related information.

Key Highlights

  • Approximately 1,044 square feet of commercial space
  • Two 2‑bedroom, 1‑bath residential apartments
  • Separate living and dining rooms in each apartment

Property Analytics

Current Use

Citi Refund Accounting Firm

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Computer & Electronic Repair

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

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,167
Businesses Nearby

Demographics for 60639, IL

89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level commercial space accompanies two residential apartments and a detached garage, offering multiple occupancy configurations subject to applicable requirements.
Where is this mixed-use property located?
The property is located at 5316 W North Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Approximately 1,044 square feet of commercial space; Two 2‑bedroom, 1‑bath residential apartments; Separate living and dining rooms in each apartment
More about this property
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