3968 N Elston Avenue, Chicago, IL, 60618

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$495,000
285 Days Online

3968 N Elston Avenue
Chicago, IL 60618

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
3,950
SqFt
$125
/SqFt
1921
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of ACO Commercial
Call Now: 877 582 4399
Is this the home for you? We can help make it yours.
877 582 4399
3968 N Elston Avenue3968 N Elston Avenue3968 N Elston Avenue3968 N Elston Avenue
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For sale, for the first time in 75 years, this four-unit mixed-use comprised of first floor Retail/Restaurant and (3) 2Bed/1Bath apartments in Chicago's Irving Park neighborhood. The retail space has been home to the "Guy Lon" Chinese restaurant, a neighborhood fixture, for nearly seven decades. The restaurant operations ceased during the pandemic; however, all licensing and fixtures remain intact, in the event a new operator would like to re-open. The restaurant and building ownership are the same, and the sale is in conjunction with the owner retirement. The building configuration is unique having frontage on both Elston and Monticello Avenues, with 3, 950 SF of rentable area, and a full base- ment. All apartment tenants have month-to-month occupancy. The property is individually metered for electric and master-metered for water and gas with central boiler and hot water systems. The property is currently 75% occupied with all tenants on a month-to-month basis. The offering provides an investor or owner occupant the opportunity to add-value through renovation and lease renewal. The property is being offered on an "as-is, where-is, " basis. In addition, the former restaurant business is also being offered for $30, 000.

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Listing Snapshot
Price 
$495,000
Days Online 
285 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,950 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1921
MLS Number 
11286717
Status 
Active
Property Tax 
$6,502
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS
3 weeks agoPrice changed to $495,000
5 months agoPrice changed to $549,000
9 months agoListing first seen online
General Features
Parking Spaces 
0
Electric 
Circuit BreakersFuses
Number of Stories 
3
Property Sub Type 
Mixed Use
Zoning 
MULTI
Number Of Stories 
3
Parking Total 
0
Interior Features
Cooling 
Central Air
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Community Features
MLS Area 
CHI - Irving Park
Listing Courtesy of MRED as distributed by MLS Grid of ACO Commercial



Based on information submitted to the MLS GRID as of 2022-09-25 11:30 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2022-09-25 11:30 PM UTC
MRED DMCA Copyright Information Copyright © 2022 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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