Industrial Properties
4242 North Elston Avenue Chicago, IL 60618
Details & Description
Price: $2,750,000
    Available for purchase for the first time in over 37 Years this well taken care of Warehouse/Flex building in the Irving Park neighborhood of Chicago has been occupied by a long-term tenant with prospective new ownership having the ability to continue with leasing the property or become an owner/user when lease expires in May, 2024.Consisting of almost 20,000 sq ft. of office and warehouse space under roof, the property is also paired with a nearby gated side lot (approx 3,000 sq ft) for employee parking, two large (15') overhead doors allow access from Elston withdrive-thru capability to exit straight south to Berteau Ave or vice-versa. Currently used as a secured truck garage & storage, there is approx 15,625 sq ft. of space on the first floor with 12,500 sq ft. of warehouse and the remaining 3125 sq ft consisting of office space on the second floor with its own entrance and exit not part of the lower level of parking and other offices, so it could potentially be used for other purposes.
    Property Highlights
    Additional Photos
    Listing Agents
    Clark Patterson

    O: 312-929-1585
    M: 312-952-4995
    cpatterson@jameson.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.

    4242 North Elston Avenue

    Chicago, IL 60618

    Listing ID: 296530
    • 4242 North Elston Avenue Chicago, IL 60618 | for Sale | Photo 1
    • 4242 North Elston Avenue Chicago, IL 60618 | for Sale | Photo 2
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    Building Size: 19,750 SF
    Lot Size: 0.451 AC
    Land Size: 19,623 SF
    Building $/SF: $139.24
    Land $/SF: $140.14
    Price
    $2,750,000
    Property Highlights
    Approximately 20,000 sq ft under roof
    Listed At 7% Cap Rate on Current Income
    Long Term Tenant in Place With 24 Months Left on current gross lease
    Ten Percent (10%) Min Increase for Resigned Lease
    Two Drive-In Doors (15')
    Multiple Office Areas on Two Floors
    Minimum 16' Foot Ceilings (Higher in Some Areas)
    Very Secure Facility with Heavy Power
    Advanced Security System
    Additional Nearby Gated Parking Side Lot
    Description

    Available for purchase for the first time in over 37 Years this well taken care of Warehouse/Flex building in the Irving Park neighborhood of Chicago has been occupied by a long-term tenant with prospective new ownership having the ability to continue with leasing the property or become an owner/user when lease expires in May, 2024.

    Consisting of almost 20,000 sq ft. of office and warehouse space under roof, the property is also paired with a nearby gated side lot (approx 3,000 sq ft) for employee parking, two large (15') overhead doors allow access from Elston withdrive-thru capability to exit straight south to Berteau Ave or vice-versa. 

    Currently used as a secured truck garage & storage, there is approx 15,625 sq ft. of space on the first floor with 12,500 sq ft. of warehouse and the remaining 3125 sq ft consisting of office space on the second floor with its own entrance and exit not part of the lower level of parking and other offices, so it could potentially be used for other purposes.

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    Chicago History of Industrial Properties for Sale

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    Chicago Area Market Trends

    Listing Demographics for 4242 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 Population64,369476,8001,229,912
    Population Median Age363637
    Population by Age0-9 Yrs8391 (13%)59439 (12%)142965 (11%)
    10-19 Yrs7277 (11%)51894 (10%)125383 (10%)
    20-29 Yrs9405 (14%)74945 (15%)223144 (18%)
    30-39 Yrs12696 (19%)92991 (19%)233533 (18%)
    40-49 Yrs9635 (14%)67529 (14%)161832 (13%)
    50-59 Yrs7679 (11%)53792 (11%)138240 (11%)
    60-69 Yrs5407 (8%)42242 (8%)110584 (8%)
    70+ Yrs3878 (6%)33966 (7%)94231 (7%)
    Median HH Income$72,300$75,117$72,923
    Total Household Income< 24K3201 (13%)26137 (14%)83169 (17%)
    25-49K4846 (20%)33103 (18%)88269 (18%)
    50-74K3947 (17%)28953 (16%)78709 (16%)
    75-99K3491 (15%)23819 (13%)61216 (12%)
    100-199K5532 (23%)45814 (25%)121130 (24%)
    200K+2194 (9%)18785 (10%)55654 (11%)
    Highest Education LevelNo Diploma770247208106829
    Diploma or GED980970350164759
    Some College651049438130865
    Assoc. Degree28301842346730
    Bachelors Degree1158395195258322
    Higher Degree644655298166152
    Total Housing Units25,237192,225532,763
    --Owner-Occupied10,93885,852227,795
    --Renter-Occupied12,27290,760260,352
    Owner-Occupied Values< 100K399238010075
    100-199K1605940831389
    200-299K24412116656964
    300-399K22612138649728
    400-499K15571130227861
    500K+26762020951778
    Total Working Age Population51,652385,5441,011,937
    In Work Force37,996280,471726,909
    Not In Work Force13,656105,073285,027
    Workforce Employed35,380266,094689,400
    Workforce Unemployed2,58014,27437,174
    Civlian Workforce37,960280,368726,574
    Military Workforce35104335
    Total Households23,211176,611488,147
    Family Households14,992105,394258,778
    Non-Family Households8,21871,217229,369
    Married Couple10,66776,555184,917
    Other Family4,32628,83973,861
    Married w/Child4,93535,56479,772
    Single Male w/Child6433,4128,797
    Single Female w/Child1,6318,78322,331

    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.

    Common Questions and Answers

    What is the asking price for 4242 North Elston Avenue in Chicago?
    The asking price for 4242 North Elston Avenue is $2,750,000
    What is the building size of this Industrial property in Chicago, IL?
    The size of the building/unit at 4242 North Elston Avenue in Chicago is 19,750 square feet
    How much land does the Chicago, IL property at 4242 North Elston Avenue include?
    4242 North Elston Avenue in Chicago includes 0.451 acres of land
    What kind of Industrial is the propery at 4242 North Elston Avenue?
    The property at 4242 North Elston Avenue Chicago, IL 60618 is listed as a Flex-Office-Warehouse Industrial property
    What is the population within 1 mile of 4242 North Elston Avenue in Chicago?
    The population within 1 mile of 4242 North Elston Avenue Chicago, IL 60618 is 64,369 people.
    Who do I contact for questions about 4242 North Elston Avenue?
    You should contact the listing agent, Clark Patterson, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago O'Hare International Airport (ORD) 9
    Chicago Midway International Airport (MDW) 12
    General Mitchell International Airport (MKE) 69
    Price
    $2,750,000
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