Property profile

2040 Elston Ave Chicago, IL 60614

OFF-MARKET
Specialty properties
Property ID
US28-1101690
6,640 SF
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Property summary

AI-generated overview

This exceptional two-story, 6,640-square-foot retail and office building, zoned M-3, is ideally located at 2040 N Elston Ave, Chicago, IL 60614, at the crossroads of Elston, Ashland, and Armitage Avenues. The property offers multiple tenancy options, with 3,320 square feet currently vacant and divisible spaces ranging from 1,658 to a maximum contiguous 3,340 square feet. Four spaces are currently available. The building sits on a 4,291-square-foot lot and benefits from convenient access to the Kennedy Expressway via the full Armitage Avenue interchange. Ample parking is available for lease at the adjacent 2020 N Ashland Avenue. The property's strategic location provides unparalleled access to public transportation, with 128 daily train stops at two nearby Metra Clybourn Stations serving Union Pacific North and Northwest lines. Commuters and recreational cyclists will appreciate the adjacent Elston Avenue bike highway and proximity to the 606 Trail. This unique property presents a compelling opportunity for businesses seeking a vibrant and accessible location in Chicago's dynamic north side.

Property profile

Verified
Property type Specialty properties
Total area 6,640 SF
UPID US28-1101690

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Film Production Television Studio
  • Film Production Television Studio

Location

2040 Elston Ave Chicago, IL 60614
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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