Mixed-Use Building with
New
For Sale
$469,900
5318 W North Avenue, Chicago, IL 60639
COMMERCIAL - Chicago, IL
Lot Size0.07 Acres
Days on Market4
Property Features for 5318 W North Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Located on the North side of North Avenue, One Block West of Laramie Avenue.
Subdivision
CHI - Austin
Standard status
Active
APN
13333240320000
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
3376
Utilities
Utilities
Water Available
Building Details
Year built
1926
Floors in Building
3
Number of units
3
Flooring type
Carpet, Tile, Wood
Building materials
Brick
Listing Agency:
RLB Realty Group, Inc.
(773) 268-2000
Listed By:
Latangela Ward
(773) 268-2000
Added: Jul 29
Last Checked: Aug 1 at 3:06AM
MLS# 12716801
Copyright © 2026 Midwest Real Estate Data, LLC. 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.
This mixed-use building includes street-level commercial space with approximately 1,044 square feet, along with two residential apartments. Each apartment is a 2-bedroom, 1-bath unit with separate living and dining rooms, and both units are currently vacant. There is also a detached two-car garage on the property. The commercial space is occupied by a month-to-month tenant under a non-traditional lease arrangement, and the seller notes the tenant is affiliated with current ownership. The property is being sold as-is, with the buyer responsible for conducting inspections and independently verifying all material information.
The building is located on North Avenue with street frontage and convenient access to public transportation, shopping, restaurants, and major expressways.
Overall, the asset offers a combination of active street-level commercial space and vacant residential units, with the potential to continue the current tenant relationship subject to negotiation of future lease terms between the tenant and a future owner, as applicable under zoning and municipal requirements.
The building is located on North Avenue with street frontage and convenient access to public transportation, shopping, restaurants, and major expressways.
Overall, the asset offers a combination of active street-level commercial space and vacant residential units, with the potential to continue the current tenant relationship subject to negotiation of future lease terms between the tenant and a future owner, as applicable under zoning and municipal requirements.
Key Highlights
- Mixed‑use building with brick construction and year built 1926
- Street‑level commercial space with approx. 1,044 SF
- Two 2‑bedroom, 1‑bath residential apartments with separate living and dining rooms; both units are vacant
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Explore this area
Business Placement
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
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space plus two vacant residential apartments and a detached two-car garage, sold as-is.
Where is this mixed-use property located?
The property is located at 5318 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: Mixed‑use building with brick construction and year built 1926; Street‑level commercial space with approx. 1,044 SF; Two 2‑bedroom, 1‑bath residential apartments with separate living and dining rooms; both units are vacant
