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5481 N Northwest Highway
Chicago IL 60630 US

$1,099,000

Active Listing ID 12475279
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Mixed Use

$1,099,000

Active Listing ID 12475279
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5481 N Northwest Highway 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Mixed Use
  • Features
  • Cooling System: Central Air

Property

  • propertytype: Commercial Sale
  • propertysubtype: Mixed Use
  • listprice: 1099000
  • unparsedaddress: 5481 N Northwest Highway
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60630
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 6920
  • livingareaunits: Square Feet
  • listagentfullname: Cassidy Gooding
  • listagentemail: cassidy@themcgoverngroup.com
  • listagentkey: 3yd-MREDIL-254869
  • listagentmlsid: 254869
  • listagentpreferredphone: 8476987000
  • listagentofficephone: 8476987000
  • listofficekey: 3yd-MREDIL-8096
  • listagentstatelicense: 475182959
  • listofficemlsid: 8096
  • disclaimer: Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1926
  • listingcontractdate: 2025-09-18
  • listagenturl: http://WWW.PARKRIDGEREALESTATE.COM
  • countyorparish: Cook
  • parcelnumber: 13082000580000
  • cooling: Central Air
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX PROPERTIES NORTHWEST", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"remaxpnw@gmail.com", "ListBrokerageCity":"PARK RIDGE", "ListBrokerageCountry":"US", "ListBrokerageEmail":"ttillinghast@remax.net", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MLSNI/ff8080811962598f0119647e1f9b02b7/20080821101050005.jpg", "ListBrokerageName":"RE/MAX PROPERTIES NORTHWEST", "ListBrokeragePhone":"847-698-7000", "ListBrokeragePostalCode":"60068", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"37 S Prospect Ave", "ListBrokerageWebsiteUrl":"http://WWW.PARKRIDGEREALESTATE.COM", "ListOfficeAddress1":"37 S Prospect Ave", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"27103", "ListOfficeCity":"Park Ridge", "ListOfficeCountry":"US", "ListOfficeEmail":"ttillinghast@remax.net", "ListOfficePostalCode":"60068", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Mixed Use - Chicago, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12475279/?channel=rexren", "MLSModificationTimestamp":"2025-09-18T12:24:02Z", "Neighborhoods":[{"Description":null, "Name":"CHI - Jefferson Park"}], "PostalCode":null, "RawPropertySubType":"Mixed Use", "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":13082, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/18/2025 5:35:47 PM GMT
Source Updated Date: 12/6/2025 6:55:43 PM GMT

Courtesy of: Cassidy Gooding, RE/MAX Properties Northwest, cassidy@themcgoverngroup.com

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.