$1,149,000
5481 N Northwest Highway
Chicago, IL, 60630
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.
Property Details
Price:
$1,149,000
MLS #:
MRD12431895
Status:
Active
Beds:
0
Baths:
0
Address:
5481 N Northwest Highway
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – Jefferson Park
City:
Chicago
Listed Date:
Aug 6, 2025
State:
IL
Total Sq Ft:
6,920
ZIP:
60630
Year Built:
1926
Schools
Interior
Cooling
Central Air
Exterior
Financial
Tax Year
2023
Taxes
$13,082
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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5481 N Northwest Highway
Chicago, IL
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