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$1,099,000
44 Days On Site

5481 N Northwest Highway
Chicago, IL 60630

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
6,920
SqFt
$159
/SqFt
1926
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Properties Northwest
Call Now: 312-767-7744
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312-767-7744
5481 N Northwest Highway5481 N Northwest Highway5481 N Northwest Highway5481 N Northwest Highway
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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.

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Listing Snapshot
Price 
$1,099,000
Days On Site 
44 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,920 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1926
MLS® Number 
12475279
Status 
Active
Property Tax 
$13,082
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoStatus changed to Active
a month agoListing first seen on site
General Features
Additional Property Use 
Commercial
Number Of Stories 
2
Property Sub Type 
Mixed Use
SqFt Total 
6920
Utilities 
Electricity AvailableNatural Gas AvailableSewer ConnectedWater Available
Zoning 
COMMR
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
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Community Features
MLS Area 
CHI - Jefferson Park
Township 
Jefferson
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Properties Northwest



Based on information submitted to the MLS GRID as of 2025-11-02 09:10 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-11-02 09:10 AM UTC
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Neighborhood & Commute
Source: Walkscore
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