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
Property Details
Price:
$4,950,000
MLS #:
MRD12351160
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chiavondale
Listed Date:
May 1, 2025
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
2
Financial
Tax Year
2022
Taxes
$84,550
Map
Community
- Address3159 N California Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60618
Market Summary
Current real estate data for Commercial in Chicago as of Jun 13, 2026
922
Commercial Listed
184
Avg DOM
$995,392
Avg List Price
Property Summary
- 3159 N California Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60618. It is listed for $4,950,000
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3159 N California Avenue
Chicago, IL


