2370 N ELSTON Court
Chicago, IL 60614

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Description

Welcome to this revitalized mixed-use building located between Chicago's sought after Bucktown and Lincoln Park neighborhoods with easy access to 90/94. Situated on a 25' x 125' lot spanning lot-line to lot-line this adaptable property presents a rare combination of a fully built out office space, warehouse/garage, and income producing residential apartments, providing both operational flexibility and strong investment potential. The beautifully designed street level office is truly one of a kind. Featuring strong visibility in a high traffic area, the bespoke interior is anchored by an original exposed brick wall and custom cabinetry. Upon entering you're greeted by an open concept communal work space and waiting room. A glass enclosed conference room sits in the middle of the space and two private offices beyond. A dedicated coffee station with sink, beverage fridge and ice maker is tucked into the hallway with a technology/server room adjacent, two designer bathrooms and storage closet under the stairs. This space is completely turnkey - move your team in immediately with no additional work required. Directly behind the office is an attached heated garage with a 9ft door and 10ft ceilings, ideal for vehicle storage, workshop use, equipment, or materials - offering flexibility for a wide range of businesses, approx. 1100sqft. Below the office, you'll find a waterproofed basement with 7ft ceilings, a full bathroom and extensive shelving, providing valuable storage or operational space, approx. 1000sqft. The second floor includes two remodeled residential apartments, the front unit being a 2-bedroom/1-bathroom and the rear unit being a 1-bedroom/1-bathroom with balcony, both units have separate central HVAC systems, stainless steel appliances and in unit laundry. This is a rare opportunity to own a turnkey mixed-use office and investment property in a high traffic area - operate your business while building long-term equity with rental income already in place.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60614
• Year Built: 1957
• Stories: 2
• Units: 3 units
• Zoning: MANUF
• # Of Apts: 2
• # Of Dishwashers: 2
• # Of Dryers: 2
• # Of Offices: 1
• # Of Ranges: 2
• # Of Refrigs: 3
• # Of Tenants: 3
• # Of Washers: 2
• Approximate Age: New Rehab
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air, Central Individual, Zoned
• Directions: GO TO FULLERTON TO ELSTON
• Docks: Drive-in Doors
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Electric Expense: 537
• Electric Expense Source: Owner Projection
• Expense Year: 2025
• Fire Protection: Alarm Monitored, Carbon Monoxide Detector(s)
• Flooring: Carpet, Concrete, Vinyl, Wood
• Foundation Details: Brick/Mortar
• Fuel Expense: 3250
• Fuel Expense Source: Owner Projection
• Geographic Locale: Chicago Northwest
• Gross Income: 126660
• Gross Rent Multiplier: 11
• Gross Scheduled Income: 126660
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas
• Indoor Parking: 6-12 Spaces
• Information: List Broker Must Accompany
• Insurance Expense: 3500
• Insurance Expense Source: Owner Projection
• Location: Central Business District, Public Transport Avail, In City Limits, High Traffic Area
• Main Type: Commercial Sale
• Misc Inside: Common Lunchroom/s, Common Meeting Room/s, Overhead Door/s, Public Restroom/s, Skylight/s, Storage Inside, Basement
• Misc Outside: Balcony/ies, Security Lighting, Security System
• Operating Expense: 9507
• Other Expense Source: Owner Projection
• Ownership Type: Limited Liability Corp
• Property Sub Type: Mixed Use
• Roof: Membrane, Rubber
• Roof Structure: Flat
• Tax Annual Amount: 14917
• Tax Year: 2024
• Tenant Pays: All Utilities
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 10555
• Trash Expense: 1800
• Trash Expense Source: Owner Projection
• Utilities: Electric to Site, Natural Gas Available
• Water Expense Source: Owner Projection
• Water Sewer Expense: 420