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$469,900

  • For Sale
  • Active
  • Commercial
  • 4,098 Sq. Ft.
  • Updated 4 days ago
See This Home
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Mixed-Use Investment Opportunity with Vacant Residential Units and Existing Commercial Space! This mixed-use building features a street-level commercial space approximately 1,044 square feet, two 2-bedroom, 1-bath residential apartments with separate living and dining rooms, and a detached two-car garage. The residential units are currently vacant, providing flexibility for future occupancy, leasing, or improvements. The commercial space is currently occupied by a month-to-month tenant under a non-traditional lease arrangement. The tenant is affiliated with the current ownership, and the existing rental terms are not reflective of market rent. The tenant has expressed interest in continuing occupancy, subject to negotiation of future lease terms between the tenant and the future owner. The property offers flexibility for investment or owner-occupancy opportunities, subject to applicable zoning and municipal requirements. Located on North Avenue with street frontage and convenient access to public transportation, shopping, restaurants, and major expressways. Property is being sold AS IS. Buyer is responsible for conducting all desired inspections and independently verifying room dimensions, square footage, zoning, permitted uses, leases, rental information, taxes, and all other information material to the purchase.

Full Property Details for 5318 W North Ave

General

  • Price: $469,900
  • Taxes: $3,376 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12716801
  • Updated: 8/4/2026
  • Added to Site: 10 day(s) ago

Interior

  • Interior Features: Private Restroom(s), Basement
  • Flooring: Carpet, Tile, Wood

Additional Information

  • Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors

Location

  • Area: CHI - Austin
  • County: Cook
  • Township: Jefferson
  • Driving Directions: Located on the North side of North Avenue, One Block West of Laramie Avenue.
  • Location Details: Chicago West

Heating & Cooling

  • Cooling Type: Office Only
  • Heating Type: Central Building Heat, Central Heat/Individual Controls, Electric, Forced Air, Gas, Hot Water, Radiators

Utilities

  • Water: Municipal Water
  • Onsite: Electricity to Site, Natural Gas Available, Water Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Foundation: Concrete Perimeter
  • Sub-Flooring: Carpet, Tile, Wood
  • Stories/Levels: 3
  • Square Feet: 4,098
  • Year Built: 1926
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 1

Lot Features

  • Lot Size (Acres): 0.0689
  • Lot Size (Sq. Ft.): 3,000
  • Lot Dimensions: 25 x 120
  • Frontage: City Street
  • Drainage: None
  • Potential Use: Commercial, Office, Multi-Family

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Insurance Fee: $8,000
  • Operating Expenses: $15,109
  • Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors
  • Assessment Year: 1926
  • Tax Amount: $3,376
  • Tax Year: 2023
  • Tenant Pays: Electricity, Heat
  • Pays Electric: 195

Disclosures and Reports

  • Property ID: 13333240320000

Listed by RLB Realty Group, Inc.

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— 5318 W North Ave —

  • RLB Realty Group, Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 5318 W North Ave

School District:Chicago Public School District 299
NameGradesDistance
Lewis Elementary School
1431 North Leamington Avenue, Chicago, IL 60651
PK-80.3 mi
Foreman High School
3235 North Leclaire Avenue, Chicago, IL 60641
9-122.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5318 W North Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/29/2026
Listed
$469,900
34.26%
MLS
7/27/2007
Sold
$350,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5318 W North Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,376
—
$37,000
131%
2023
$3,376
3%
$16,003
—
2022
$3,292
2%
$16,003
—
2021
$3,218
-18%
$16,003
-9%
2020
$3,923
-4%
$17,610
-13%
2019
$4,067
2%
$20,242
—
2018
$3,998
-26%
$20,242
-20%
2017
$5,419
7%
$25,174
—
2016
$5,042
3%
$25,174
-6%
2015
$4,882
13%
$26,642
15%
2014
$4,304
2%
$23,198
—
2013
$4,219
1%
$23,198
—
2012
$4,163
—
$23,198
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by RLB Realty Group, Inc.

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5318 W North Avenue, Chicago, IL 60639 (MLS# 12716801) is a Commercial property. 5318 W North Avenue is currently listed for $469,900 and was received on July 29, 2026. Want to learn more about 5318 W North Avenue? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

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