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Three-Building Mixed-Use Portfolio
For Sale
$780,000
Pending

5338-58 West North Avenue, Chicago, IL 60639

Portfolio of three adjacent masonry buildings with mixed commercial, residential, and garage/shop space on a signalized corner.

Property Size25,020 SF
Lot Size0.57 Acres
Days on Market278

Property Features for 5338-58 West North Avenue

General Information

Standard status Pending
Size 25,020 SF
Lot size 0.57 Acres

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $51,482

Building Details

Year Built 1924
Stories 2
Construction masonry
Listing Agency: Millennium Properties RE, Inc.
Listed By: Susan Silver · License #475136992
Source: Compass
Added: Nov 17, 2025 Changed: Aug 14 Last Checked: Aug 14 at 7:56AM

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 Millennium Properties RE, Inc.

Investment Insights

Based on property information with market context.

Available for sale is a portfolio of three adjacent masonry buildings situated on eight lots at the northeast corner of West North Avenue and Long Avenue in Chicago’s Austin neighborhood. The site includes a mix of commercial, residential, and garage/shop space, with existing improvements that reflect a primarily mixed-use configuration.

The corner property is a two-story mixed-use building plus basement, featuring a chapel, one, one-bedroom apartment, four studio apartments, and a detached garage. The middle property is a one-story, part-two-story building with a partial basement, and includes a funeral home on the first floor and a three-bedroom apartment on the second floor. The third building is a single-story commercial property with office space and a garage/shop area.

Positioned along a major West Side corridor, the property sits at a signalized intersection and is described as providing convenient access to North Avenue, Central Avenue, I-290, and nearby CTA transit options.

Key Highlights

  • Portfolio of three adjacent masonry buildings on 8 lots totaling 0.57 acres
  • 1924‑built mixed‑use corner building with basement: chapel, one 1‑bedroom apartment, four studios, and a detached garage
  • Middle building includes funeral home space on the first floor and a 3‑bedroom apartment on the second floor (partial basement)

Property Analytics

Current Use

Apartment buildings

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

6
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?
Apartment building - Portfolio of three adjacent masonry buildings with mixed commercial, residential, and garage/shop space on a signalized corner.
Where is this apartment building located?
The property is located at 5338-58 West North Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Portfolio of three adjacent masonry buildings on 8 lots totaling 0.57 acres; 1924‑built mixed‑use corner building with basement: chapel, one 1‑bedroom apartment, four studios, and a detached garage; Middle building includes funeral home space on the first floor and a 3‑bedroom apartment on the second floor (partial basement)
More about this property
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