5411 W North Avenue
Chicago, IL 60639

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Description

Solid mixed-use opportunity on a high-visibility stretch of North Ave featuring two commercial storefronts and a fully renovated residential unit above. The second-floor apartment offers a spacious 3-bedroom, 2-bath open-concept layout with modern finishes throughout, including quartz countertops, white shaker cabinetry, stainless steel appliances, recessed lighting, and a stylish tile backsplash. The large living and dining area provides excellent natural light and a comfortable layout for everyday living. The first floor consists of two storefront commercial spaces with separate entrances, 1 full bath and 1 half bath, approximately 10-foot ceilings, and flexible layouts suitable for retail, service, or office use. One storefront is currently configured for salon use with plumbing and build-out already in place. There is a kitchen area on the first floor as well. The salon was previously a restaurant. Additional highlights include separate utilities, updated systems, a full basement (with bathroom) for storage or workspace, and a detached two-car garage. The property sits along a busy commercial corridor with strong visibility and steady foot and vehicle traffic. Ideal opportunity for investors or owner-occupants looking to live in the renovated residential unit while operating or leasing the commercial storefronts below. The residential unit has separate utilities, and tenants pay their own electric. Two gas meters provide flexibility for allocating heating costs. Sold As-Is Check out the 2 virtual tours!

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60639
• Year Built: 1926
• Sq.Ft.: 2,561 sq ft
• Stories: 2
• Units: 3 units
• Zoning: COMMR
• # Of Apts: 1
• # Of Refrigs: 1
• # Of Stores: 2
• # Of Window/Ac: 1
• Approximate Age: Older
• Building Area Total: 2561
• Built Before 1978 (Y/N): Yes
• Cap Rate: 11.5
• Construction Materials: Brick, Concrete
• Cooling: Central Air, Window Unit(s)
• Directions: Travel westbound on North Ave from the east for approximately nine blocks to reach the property on the south side. If coming from the west, proceed east on North Ave for about three blocks; the building will be on the south side of the street.
• Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
• Electric Expense: 2184
• Electric Expense Source: Owner Projection
• Expense Year: 2026
• Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
• Flooring: Vinyl
• Foundation Details: Brick/Mortar, Concrete Perimeter
• Fuel Expense: 2340
• Fuel Expense Source: Owner Projection
• Geographic Locale: Chicago West
• Gross Income: 56400
• Gross Rent Multiplier: 6.56
• Gross Scheduled Income: 56400
• Heat/Ventilation: Central Bldg Heat, Central Heat/Indiv Controls, Gas, Radiators
• Indoor Parking: 1-5 Spaces, Detached
• Insurance Expense: 2486
• Insurance Expense Source: Actual
• Known Encumbrances: First Mortgage
• Location: Mixed Use Area, Public Transport Avail, In City Limits, High Traffic Area
• Lot Size Square Feet: 3125
• Main Type: Commercial Sale
• Misc Inside: Elevator/s Passenger, Multi-Tenant, Private Restroom/s, Public Restroom/s, Storage Inside, Basement
• Operating Expense: 13702
• Original Rental Price: 35.3
• Other Expense: 1500
• Other Expense Source: Owner Projection
• Outdoor Parking: None On Site
• Ownership Type: Sole Proprietor
• Property Sub Type: Mixed Use
• Rental Price: 35.3
• Retail SqFt: 1160
• Roof: Membrane, Reflective Coating
• Roof Structure: Flat
• Tax Annual Amount: 3275.97
• Tax Year: 2024
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 4700
• Township: West Chicago
• Trash Expense Source: Owner Projection
• Virtual Tour Date: 2026-03-04T04:29:00
• Water Drainage: Floor Drains
• Water Expense Source: Owner Projection
• Water Sewer Expense: 416
• Water Source: Municipal Water