Listing provided courtesy of @properties Christie's International Real EstateMREDas Distributed by MLSGrid- MLS# 12351160
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Request Info3159 N California AvenueChicago, IL 60618
Commercial$4,950,000
Active
3159 N California Avenue Overview
- Time on Site:
- 424 days
- Visits:
- 2
Best location on 3 major corners (Belmont, California and Elston Avenues) with numerous car count passing each street every day on all 3 of these major streets. Tenants are long time tenants. Plus rental income that easily could be increased to today's rental rates. There is an opportunity for value added to increase apartment rents. Present rents are under market value. Incredible land square footage. Corner building is 18,812 square feet with 159 linear feet on Belmont Avenue. 3173 Elston Avenue is 4,500 square foot lot with a 4,200 square foot 1 story brick building under a triple net lease. Each apartment and each store pay their own and have individual forced air conditioning and heat units. Each apartment enjoys their own roof deck and there is a common roof deck for the tenants. There is a 19 car shared parking lot adjoining the properties. The properties are meticulously cleaned and well kept. There are 7 stores, 9 apartments plus income from a rooftop sign. The properties are in excellent condition but the properties will be sold as is where is. The sale would be subject to a 1031 Exchange. Same ownership for over 55 years. Financial information available on request. Proof of funds required on all offers. The properties will not be divided. Confirmed showings only. Agent Owned
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3159 N California Avenue Facts & Features
- Type Commercial
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 3878
- Fuel Expense: 3000
- Gross Income: 498600
- Gross Scheduled Income: 498600
- Insurance Expense: 25474
- Net Operating Income: 333548
- Operating Expense: 172552
- Trash Expense: 1506
- Water Sewer Expense: 21000
Building Information
- Year Built: 0
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Avondale
- Township: North Chicago
Rent/Lease Information
- Tenant Pays: Air Conditioning, Heat
Tax Information
- Tax Annual Amount: $84,550.00
- Tax Year: 2022
General Information
- Parcel Number: 13252000010000
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
- Zoning: OTHER
Interior
General Information
- Cooling: Central Air
- Electric: Circuit Breakers
- Stories: 2
Exterior
Lot Information
- Additional Parcels: Yes
- Lot Size Dimensions: 18,812 SQ FT
- Lot Size Square Feet: 18812
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 16
3159 N California Avenue Neighborhood
Community
60618 (Chicago) Demographics
34
Median Age
18,700
Population Density (per sq. mile)
56%
College Educated
$85,443
Estimated Median Income
17,732
Estimated Total Home Owners
18,219
Estimated Total Renters
49% / 51%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.3159 N California Avenue Monthly Cost
3159 N California Avenue Market Data
Based on the last 30 days in this zip code
$936,559
Average List Price
$465
Average Price per Square Foot
66
Properties Sold
72
Average Days on Market
152
Properties for Sale
3159 N California Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/6/2025Source: MRED | Active |
|
| 5/1/2025Source: MRED | May 01, 2025 |