Listing provided courtesy of RE/MAX Properties NorthwestMREDas Distributed by MLSGrid- MLS# 12475279MLS Provider

5481 N Northwest HighwayChicago, IL 60630

Commercial · 6,920 Sq. ft.
$1,099,000 Active

5481 N Northwest Highway Overview

Time on Site:
285 days
Visits:
11

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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5481 N Northwest Highway Facts & Features

  • Type Commercial
  • Sq. ft. 6,920
  • Price/Sq.ft. $159

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 94800
  • Gross Scheduled Income: 94800
  • Insurance Expense: 9800
  • Net Operating Income: 71342
  • Operating Expense: 23458
  • Trash Expense: 0
  • Water Sewer Expense: 576

Building Information

  • Year Built: 1926

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Jefferson Park
  • Township: Jefferson

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $13,082.00
  • Tax Year: 2023

General Information

  • Parcel Number: 13082000580000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 6920

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 30X125
  • Lot Size Square Feet: 3750

General Information

  • Number Of Units Total: 4
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available

5481 N Northwest Highway Neighborhood

Community

60630 (Chicago) Demographics

40
Median Age
11,662
Population Density (per sq. mile)
49%
College Educated
$78,703
Estimated Median Income
13,868
Estimated Total Home Owners
7,000
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5481 N Northwest Highway Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5481 N Northwest Highway Market Data

Based on the last 30 days in this zip code

$524,541
Average List Price
$355
Average Price per Square Foot
37
Properties Sold
32
Average Days on Market
83
Properties for Sale
Calculations provided by Reliance Network

5481 N Northwest Highway History

Date Event Value Agent
9/23/2025Source: MRED Status Change
Active
9/18/2025Source: MRED Added to Database
September 18, 2025
6/20/2022Source: MRED Added to Database
January 27, 2022