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Mixed-Use Building with Garage
For Sale
$469,900

5318 W North Avenue, Chicago, IL 60639

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market50

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.
Listed By: Latangela Ward
Added: Jul 29 Changed: Sep 12 Last Checked: Sep 16 at 7:06AM
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.

Built in 1926, this brick mixed-use property combines a street-level commercial area with two residential apartments and a detached garage. The commercial space measures approximately 1,044 square feet and is occupied under a month-to-month arrangement. The tenant is affiliated with current ownership, and future occupancy would require negotiation with the buyer.

Each apartment includes two bedrooms, one bathroom, separate living and dining rooms, and is currently vacant. The detached garage provides space for two vehicles. Wood, tile, and carpet flooring are present, and water is available. The property fronts North Avenue with access to public transportation, shopping, restaurants, and major expressways. The sale is AS IS, with inspections, zoning, permitted-use, lease, and other property-specific due diligence to be completed by the buyer.

Key Highlights

  • Approximately 1,044 SF street‑level commercial space
  • Two 2‑bedroom, 1‑bath apartments, both currently vacant
  • Detached 2‑car garage

Property Analytics

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Current Use

Storefront properties

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
129k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 42% Dining 32% Leisure 26% Electronics 1%
AMC Galewood Crossings 14 Leisure
33,208 visits/mo 0.5 miles
McDonald's Dining
26,623 visits/mo 0.3 miles
White Castle Dining
14,006 visits/mo 0.3 miles
Dollar Tree Shops & Services
13,127 visits/mo 0.2 miles
BP Shops & Services
11,568 visits/mo 0.2 miles

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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level commercial space accompanies two vacant apartments and a detached garage in this brick mixed-use property.
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: Approximately 1,044 SF street‑level commercial space; Two 2‑bedroom, 1‑bath apartments, both currently vacant; Detached 2‑car garage
More about this property
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