Your opportunity to own an income generating, fully leased mixed-use building in the heart of Gladstone Park. Located on high-visibility Northwest Highway directly across from the Gladstone Park Metra station, this property offers a turnkey investment in a great location. The building includes one commercial space with a full basement, currently operating as a restaurant/cafe, plus three residential apartments and an attached garage. Residential units include one spacious 2 bed/2 bath with the garage and two 1 bed/1bath units. This transit-oriented asset features stable cash flow and a reliable tenant base – an ideal opportunity for investors seeking long-term income in a well-connected Northwest Side location. All residential units have received new HVAC, plumbing, electrical, and water heaters within the past five years. The commercial space features updated plumbing, electric, and HVAC systems (2009) along with a newer water heater. The rubber-coated roof was recoated in 2020, ensuring long-term durability and reduced maintenance costs. Nearby parks, schools, and walkable residential blocks enhance the area’s livability, while the building’s proximity to downtown Chicago and O’Hare International Airport further amplifies its appeal. This property represents a rare opportunity to invest in a stabilized, mixed-use asset in one of Chicago’s most connected and resilient neighborhoods.
Property Details
Price:
$1,099,000
MLS #:
MRD12475279
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chijeffersonpark
Listed Date:
Sep 18, 2025
Total Sq Ft:
6,920
Year Built:
1926
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Stories
2
Financial
Tax Year
2023
Taxes
$13,082
Map
Community
- Address5481 N Northwest Highway Chicago IL
- CityChicago
- CountyCook
- Zip Code60630
Market Summary
Current real estate data for Commercial in Chicago as of May 15, 2026
899
Commercial Listed
189
Avg DOM
$1,023,221
Avg List Price
Property Summary
- 5481 N Northwest Highway Chicago IL is a Commercial for sale in Chicago, IL, 60630. It is listed for $1,099,000
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Copyright 2026. All rights reserved.
5481 N Northwest Highway
Chicago, IL


