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    1540-1542 N Western Ave Chicago, IL 60622

    Sponsored
    Picture of Commercial land at N Western Ave 1540-1542, Chicago, IL
    For Sale
    $999,000

    LAND - Chicago, IL

    Days on Market:
    5
    Last Refresh:
    Jan 10 at 1:06 pm

    Property Features for 1540-1542 N Western Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    16012070270000

    Utilities

    Utilities
    Water Available

    Circle One Realty (630) 862-5181 [email protected]

    Listing agent Ryan Cherney (630) 862-5181

    Listing date Jan 6, 2026

    MLS# 12540515 Listing URL

    Copyright © 2026 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.

    Overview

    Prime Investment Land, Chicago

    Two lots present a prime investment and development opportunity with frontage on Western Avenue, situated just south of North Avenue. The location offers high visibility, with a traffic count exceeding 29,100 vehicles per day. Located in West Wicker Park/Bucktown, the property is 2.5 blocks from The 606/Bloomingdale Trail and near dining and nightlife options on North Avenue. Public transportation is readily accessible, with the property located on the CTA #49 Western bus route, the #72 North Ave bus route, and 0.5 miles from the Blue Line Damen station. The property is located within the Western Avenue Transportation Corridor Zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.687591
    Latitude
    41.909687

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    FAQs

    What type of property is this?
    Commercial land - Two lots on Western Avenue near West Wicker Park/Bucktown.
    Where is this commercial land located?
    The property is located at 1540-1542 N Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Prime investment/development opportunity on 2 lots with Western Avenue frontage.; - High-visibility location with over 29,100 vehicles per day.; - Located in West Wicker Park/Bucktown, 2.5 blocks from The 606 / Bloomingdale Trail.
    (630) 862-5181
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1540-1542 N Western Ave Chicago, IL 60622
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