3968 N Elston Ave, Chicago, IL, 60618

3968 N Elston Ave Chicago, IL 60618

3968 N Elston Ave, Chicago, IL, 60618
3968 N Elston Ave, Chicago, IL, 60618 3968 N Elston Ave, Chicago, IL, 60618 3968 N Elston Ave, Chicago, IL, 60618 3968 N Elston Ave, Chicago, IL, 60618 3968 N Elston Ave, Chicago, IL, 60618 3968 N Elston Ave, Chicago, IL, 60618 3968 N Elston Ave, Chicago, IL, 60618 3968 N Elston Ave, Chicago, IL, 60618 3968 N Elston Ave, Chicago, IL, 60618 3968 N Elston Ave, Chicago, IL, 60618
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$935,000
Last Verified:
Jul 19, 2024

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Description

Rehabbed 4 unit mixed-use brick building in well located Old Irving Park neighborhood. Comprised of 3000 sf first floor retail space with full basement with storage,washer /dryer, and 3-gorgeous large 2 bed 1 bath apartments-all new individual hvac units and beautifully rehabbed apartments from top to bottom. Additional improvements include: new roof, exterior masonry and painting. A unique advantage to this property is the building's configuration having frontages on both Elston and Monticello Avenues. Wonderful opportunity for an investor or a restaurant, retailer or office user looking for a freshly redone approximately 3000 sf space with fabulous exposure, high ceilings and tons of storage. An amazing opportunity!

Old Irving Park neighborhood


Year Built: 1921
Building Size: 2735sq ft
Building Class: C
Lot Size: 0.06 acres

Map of 3968 N Elston Ave, Chicago, IL, 60618

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.