Multifamily Housing - For Sale
3950 North Elston Avenue Chicago, IL 60618
Details & Description
Price: $1,600,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.215
  • Building Sq Ft 10,472
  • Building Price per Sq Ft $152.79
  • Land Sq Ft 9,375
  • Land Price per Sq Ft $170.67
Kiser Group is pleased to offer the sale of 3950 N Elston Ave, a 10-unit mixed-use walk-up building in the Irving Park neighborhood. The property's unit mix consists of three (3) ground floor office spaces and seven (7) apartments above, comprised of four (4) 1Bdr/1Ba units, two (2) 2Bdr/1Ba units and one (1) 2Bdr/2Ba unit, as well as 14 surface parking spaces in the rear of the building. All apartment units have updated to include granite countertops, black appliances and hardwood floors, as well as individual HVAC units. The office spaces have been fully built out and include a kitchen and bathroom in two of the spaces, and each space having individual HVAC units. The property has been well maintained with no upcoming capex needed. A new owner can increase rents in the apartments and the office spaces, as well as collect rent for the parking spaces that are not currently being charged for.
Property Highlights
Listing Agents
Jake Parker

O: 773-293-5030
M: 585-319-1421
jparker@kisergroup.com
Andy Friedman

O: 773-293-5007
afriedman@kisergroup.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3950 North Elston Avenue

Chicago, IL 60618

Listing ID: 279874
$1,600,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.215
  • Building Sq Ft 10,472
  • Building Price per Sq Ft $152.79
  • Land Sq Ft 9,375
  • Land Price per Sq Ft $170.67
  • 3950 North Elston Avenue Chicago, IL 60618 | for Sale | Photo 1
  • 3950 North Elston Avenue Chicago, IL 60618 | for Sale | Photo 2
  • 3950 North Elston Avenue Chicago, IL 60618 | for Sale | Photo 3
3950 North Elston Avenue | for Sale | Thumbnail 1
3950 North Elston Avenue | for Sale | Thumbnail 2
3950 North Elston Avenue | for Sale | Thumbnail 3
Property Highlights
 Three 3 Office Spaces Seven 7 Apartments
 Favorable Unit Mix
 Upside In Rents
 14 Surface Parking Spaces
Description

Kiser Group is pleased to offer the sale of 3950 N Elston Ave, a 10-unit mixed-use walk-up building in the Irving Park neighborhood. The property's unit mix consists of three (3) ground floor office spaces and seven (7) apartments above, comprised of four (4) 1Bdr/1Ba units, two (2) 2Bdr/1Ba units and one (1) 2Bdr/2Ba unit, as well as 14 surface parking spaces in the rear of the building. All apartment units have updated to include granite countertops, black appliances and hardwood floors, as well as individual HVAC units. The office spaces have been fully built out and include a kitchen and bathroom in two of the spaces, and each space having individual HVAC units. The property has been well maintained with no upcoming capex needed. A new owner can increase rents in the apartments and the office spaces, as well as collect rent for the parking spaces that are not currently being charged for.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Chicago History of Multifamily Housing for Sale

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Chicago Area Market Trends

Listing Demographics for 3950 North Elston Avenue Chicago, IL 60618

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population65,036508,9741,273,987
Population Median Age363637
Population by Age0-9 Yrs7548 (11%)64506 (12%)146707 (11%)
10-19 Yrs7157 (11%)52301 (10%)126035 (9%)
20-29 Yrs10549 (16%)86489 (16%)238753 (18%)
30-39 Yrs12798 (19%)102755 (20%)242419 (19%)
40-49 Yrs9985 (15%)72087 (14%)165985 (13%)
50-59 Yrs7557 (11%)55691 (10%)142329 (11%)
60-69 Yrs5295 (8%)41735 (8%)113891 (8%)
70+ Yrs4147 (6%)33409 (6%)97868 (7%)
Median HH Income$64,515$72,744$69,104
Total Household Income< 24K3299 (13%)29506 (15%)95492 (18%)
25-49K5579 (23%)37190 (19%)96482 (18%)
50-74K4746 (19%)30701 (16%)80685 (15%)
75-99K3271 (13%)24152 (12%)60698 (11%)
100-199K5128 (21%)47399 (24%)121490 (23%)
200K+1861 (7%)20849 (10%)56113 (10%)
Highest Education LevelNo Diploma831954236116362
Diploma or GED1001670981168812
Some College738750839133646
Assoc. Degree29171971149307
Bachelors Degree11301101990266516
Higher Degree615961330173392
Total Housing Units26,324208,863563,951
--Owner-Occupied10,59687,979233,902
--Renter-Occupied13,287101,818277,058
Owner-Occupied Values< 100K367283711540
100-199K1699996835737
200-299K25462101458660
300-399K23602092848885
400-499K12471110826796
500K+23772212352283
Total Working Age Population53,153412,2881,053,667
In Work Force38,618302,614749,824
Not In Work Force14,535109,674303,843
Workforce Employed36,850288,780712,772
Workforce Unemployed1,71513,70636,735
Civlian Workforce38,565302,487749,507
Military Workforce53127317
Total Households23,884189,797510,960
Family Households14,553110,126263,065
Non-Family Households9,33179,671247,895
Married Couple10,29379,498186,919
Other Family4,26030,62876,146
Married w/Child4,64537,02979,359
Single Male w/Child5303,6638,430
Single Female w/Child1,3469,89324,104

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Chicago O'Hare International Airport (ORD) 10
Chicago Midway International Airport (MDW) 12
General Mitchell International Airport (MKE) 69
Listing Agent
Listing Co-Agent
Jake Parker - CRE Agent at

Andy Friedman

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