5481 N Northwest Highway
Chicago, IL, 60630
$1,099,000
Beds
0 Baths
0 SqFt
0 Acres
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$1,099,000
5481 N Northwest Highway
Chicago, IL, 60630
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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.

Property Details

Price:
$1,099,000
MLS #:
MRD12475279
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chijeffersonpark
Listed Date:
Sep 18, 2025
Total Sq Ft:
6,920
Year Built:
1926
Chi – Jefferson ParkChijeffersonpark

Schools

Interior

Cooling
Central Air

Exterior

Financial

Net Operating Income
$71,342
Tax Year
2023
Taxes
$13,082
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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 Oct 08, 2025
1,125
Commercial Listed
161
Avg DOM
148
Avg $ / SqFt
$1,051,318
Avg List Price

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Property Summary

    5481 N Northwest Highway Chicago IL is a Commercial for sale in Chicago, IL, 60630. It is listed for $1,099,000 To schedule a showing of MLS#mrd12475279 at 5481 N Northwest Highway in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
5481 N Northwest Highway
Chicago, IL