


5481 N Northwest HighwayChicago, IL 60630
Commercial · 6,920 Sq. ft.5481 N Northwest Highway Overview
- Time on Site:
- 284 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.
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
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
5481 N Northwest Highway Market Data
Based on the last 30 days in this zip code
5481 N Northwest Highway History
| Date | Value | Agent |
|---|---|---|
| 9/23/2025Source: MRED | Active |
|
| 9/18/2025Source: MRED | September 18, 2025 |
|
| 6/20/2022Source: MRED | January 27, 2022 |


































































