Leased Mixed-Use Building with
For Sale
$1,099,000
5481 N Northwest Highway, Chicago, IL 60630
COMMERCIAL - Chicago, IL
Lot Size0.09 Acres
Days on Market316
Property Features for 5481 N Northwest Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Northwest Hwy, South of Bryn Mawr Ave
Subdivision
CHI - Jefferson Park
Standard status
Active
APN
13082000580000
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
13082
Utilities
Utilities
Water Available
Cooling system
Central Air
Building Details
Year built
1926
Floors in Building
2
Number of units
4
Listing Agency:
RE/MAX Properties Northwest · RE/MAX International
(847) 698-7000
Listed By:
Cassidy Gooding · License #475182959
(847) 980-0359
Added: Sep 18, 2025
Changed: Jul 7
Last Checked: Jul 30 at 8:06PM
MLS# 12475279
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 one commercial space with a full basement, currently operating as a restaurant/cafe. The property also has three residential apartments: one 2 bed/2 bath unit with the attached garage and two separate 1 bed/1 bath units.
The building is located on high-visibility Northwest Highway directly across from the Gladstone Park Metra station, placing the commercial tenant and residents near transit access. The listing notes that all residential units have received new HVAC, plumbing, electrical, and water heaters within the past five years. In the commercial space, updated plumbing, electric, and HVAC systems were completed in 2009, along with a newer water heater. The rubber-coated roof was recoated in 2020.
For buyers or investors seeking a stabilized, mixed-use setup, the current configuration provides both street-level commercial income and residential rent from three apartments within the same building. The combination of transit adjacency and recent residential systems upgrades is designed to support long-term operability for both the restaurant/cafe and the apartment units under the COMMR zoning designation.
The building is located on high-visibility Northwest Highway directly across from the Gladstone Park Metra station, placing the commercial tenant and residents near transit access. The listing notes that all residential units have received new HVAC, plumbing, electrical, and water heaters within the past five years. In the commercial space, updated plumbing, electric, and HVAC systems were completed in 2009, along with a newer water heater. The rubber-coated roof was recoated in 2020.
For buyers or investors seeking a stabilized, mixed-use setup, the current configuration provides both street-level commercial income and residential rent from three apartments within the same building. The combination of transit adjacency and recent residential systems upgrades is designed to support long-term operability for both the restaurant/cafe and the apartment units under the COMMR zoning designation.
Key Highlights
- Fully leased, income‑generating mixed‑use building.
- Prime location directly across from the Gladstone Park Metra station.
- Updated residential units with new HVAC, plumbing, electrical, and water heaters within the past five years.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 60630, IL
54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
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 - Fully leased mixed-use property on Northwest Highway with a restaurant/cafe space and three residential apartments, including attached garage.
Where is this mixed-use property located?
The property is located at 5481 N Northwest Highway Chicago, IL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Fully leased, income‑generating mixed‑use building.; Prime location directly across from the Gladstone Park Metra station.; Updated residential units with new HVAC, plumbing, electrical, and water heaters within the past five years.
