3159 N California Avenue
Chicago, IL, 60618
$4,950,000
Beds
0 Baths
0 SqFt
0 Acres
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$4,950,000
3159 N California Avenue
Chicago, IL, 60618
MLS #MRD12351160 image #0MLS #MRD12351160 image #1MLS #MRD12351160 image #2MLS #MRD12351160 image #3MLS #MRD12351160 image #4MLS #MRD12351160 image #5MLS #MRD12351160 image #6MLS #MRD12351160 image #7MLS #MRD12351160 image #8MLS #MRD12351160 image #9MLS #MRD12351160 image #10MLS #MRD12351160 image #11MLS #MRD12351160 image #12MLS #MRD12351160 image #13MLS #MRD12351160 image #14MLS #MRD12351160 image #15MLS #MRD12351160 image #16MLS #MRD12351160 image #17MLS #MRD12351160 image #18
Best location on 3 major corners (Belmont, California and Elston Avenues) with numerous car count passing each street every day on all 3 of these major streets. Tenants are long time tenants. Plus rental income that easily could be increased to today’s rental rates. There is an opportunity for “value added” to increase apartment rents. Present rents are under market value. Incredible land square footage. Corner building is 18,812 square feet with 159 linear feet on Belmont Avenue. 3173 Elston Avenue is 4,500 square foot lot with a 4,200 square foot 1 story brick building under a triple net lease. Each apartment and each store pay their own and have individual forced air conditioning and heat units. Each apartment enjoys their own roof deck and there is a common roof deck for the tenants. There is a 19 car shared parking lot adjoining the properties. The properties are meticulously cleaned and well kept. There are 7 stores, 9 apartments plus income from a rooftop sign. The properties are in excellent condition but the properties will be sold “as is where is”. The sale would be subject to a “1031 Exchange”. Same ownership for over 55 years. Financial information available on request. Proof of funds required on all offers. The properties will not be divided. Confirmed showings only. Agent Owned

Property Details

Price:
$4,950,000
MLS #:
MRD12351160
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – Avondale
Listed Date:
May 1, 2025
Chi – AvondaleChi – Avondale

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$333,548
Tax Year
2022
Taxes
$84,550
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Sep 07, 2025
1,065
Commercial Listed
166
Avg DOM
152
Avg $ / SqFt
$1,046,491
Avg List Price

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Property Summary

    3159 N California Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60618. It is listed for $4,950,000 To schedule a showing of MLS#mrd12351160 at 3159 N California Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
3159 N California Avenue
Chicago, IL