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About This Home

This 0-bedroom, 0-bathroom commercial at 5481 N Northwest Highway in Chicago, IL is listed for $1,099,000. Built in 1926, on a 0.09 acres lot.

Agent Description

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.

Key Features

  • Built in 1926
  • 0.09 acre lot
  • 2 stories

Property Details

2 stories
1926

Amenities

A/C

Monthly Cost Estimate

$5,878/mo

20% down · 6.5% · 30 years

Principal$795
Interest$4,762
Insurance$321

Estimates only. Actual payments may vary.

Location

5481 N Northwest Highway

Chicago, IL 60630

Property Details

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 5481 N Northwest Highway is listed at $1,099,000. The estimated monthly payment is $4,762 based on 20% down at 6.5% interest.

Key features include: Built in 1926, 0.09 acre lot, 2 stories.

This property is listed by Cassidy Gooding and can be reached at (847) 980-0359 or cassidy@themcgoverngroup.com.

CG

Cassidy Gooding

Agent at RE/MAX Properties Northwest

(847) 980-0359

Listed by RE/MAX Properties Northwest

MLS# 12475279· Source: listhub· Updated 256 days ago

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5481 N Northwest Highway, Chicago, IL 60630

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