Listing provided courtesy of Chicagoland Brokers, Inc.MREDas Distributed by MLSGrid- MLS# 12664077MLS Provider

3256 N Elston AvenueChicago, IL 60618

Commercial · 5,368 Sq. ft.
$1,199,000 Active

3256 N Elston Avenue Overview

Time on Site:
28 days
Visits:
0

**PERFECT FOR OWNER-USER OR INVESTOR - PRIME AVONDALE MIXED-USE OPPORTUNITY** Exceptional mixed-use investment opportunity in the heart of rapidly growing Avondale. This highly visible corner property offers approximately 5,368 square feet and benefits from strong traffic exposure with over 15,000 vehicles passing daily. The commercial space features approximately 2500 square feet currently open space, plus two full basements providing an additional 2,000 square feet of valuable storage space. Estimated rental income for the commercial space is approximately $5,000 per month. Above the commercial unit are two well-sized 2-bedroom apartments with a combined estimated rental income of approximately $4,000 per month. Positioned in one of Chicago's most active development corridors, the property is surrounded by numerous new residential projects, including several proposed townhouse developments within just a few blocks. This ongoing growth is expected to further increase neighborhood density, customer traffic, and long-term property value. The location offers outstanding accessibility, just minutes from the Kennedy Expressway via Sacramento, Kedzie, and California Avenue, and approximately a 15-minute walk to the CTA Blue Line at Kimball. Whether you're an owner-operator seeking a live/work opportunity or an investor looking for income and future appreciation, this Avondale property presents exceptional potential in a thriving neighborhood.

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3256 N Elston Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 5,368
  • Price/Sq.ft. $223

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 360
  • Fuel Expense: 1200
  • Gross Income: 108000
  • Gross Scheduled Income: 108000
  • Insurance Expense: 6000
  • Net Operating Income: 86802
  • Operating Expense: 21198
  • Trash Expense: 0
  • Water Sewer Expense: 1200

Building Information

  • Year Built: 1916

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Avondale
  • Township: Jefferson

Rent/Lease Information

  • Tenant Pays: Electricity, Heat

Tax Information

  • Tax Annual Amount: $16,049.04
  • Tax Year: 2024

General Information

  • Parcel Number: 13243220250000
  • Property Type: Commercial Sale
  • Zoning: OTHER

Interior

Building Information

  • Retail SqFt.: 3000

Building Interior

  • Building Area Total: 5368

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Foundation Details: Concrete Perimeter
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 50 X 125
  • Lot Size Square Feet: 6250
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 3
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected

3256 N Elston 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
Community data courtesy of LiveBy, Inc.

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.

3256 N Elston Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3256 N Elston 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
Calculations provided by Reliance Network

3256 N Elston Avenue History

Date Event Value Agent
6/6/2026Source: MRED Status Change
Active
6/1/2026Source: MRED Added to Database
June 01, 2026