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Vacant Mixed-Use Property
New
For Sale
$469,900

5316 W North Ave, Chicago, IL 60639

Street-level commercial space with two apartments and a detached garage, offered vacant for flexible occupancy or leasing plans.

Property Size4,098 SF
Price / SF$114.67
Days on Market4

Property Features for 5316 W North Ave

General Information

Standard status Active
Size 4,098 SF

Building Details

Year Built 1926
Listing Agency: RLB Realty Group, Inc.
Listed By: Latangela Ward
Source: Amyboston.realtopiare
Added: Sep 21 Changed: Sep 24 Last Checked: Sep 24 at 10:57AM

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.

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, separate living and dining rooms, and access to a detached two-car garage. The building was constructed in 1926 and is being sold as-is.

Located on North Avenue, the property has street frontage and access to public transportation, shopping, restaurants, and major expressways. The commercial and residential spaces are currently unoccupied, allowing a purchaser to evaluate leasing, occupancy, customization, or renovation plans subject to applicable zoning and municipal requirements. Buyers are responsible for completing inspections and independently verifying dimensions, square footage, zoning, permitted uses, taxes, and other material purchase information.

Key Highlights

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

Property Analytics

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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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 with two apartments and a detached garage, offered vacant for flexible occupancy or leasing plans.
Where is this mixed-use property located?
The property is located at 5316 W North Ave 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 street‑level 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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