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    5614 W Chicago Ave Chicago, IL 60651

    Pending
    For Sale
    $759,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Days on Market:
    39
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for 5614 W Chicago Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Pending
    Zoning
    COMMR
    APN
    16054310190000

    Utilities

    Cooling system
    Central Air, Exhaust Fan (Cooling)

    Building Details

    Year built
    1913
    Number of units
    11
    Roof type
    Rubber
    Architectural style
    Other

    Charles Rutenberg Realty (630) 929-1100 [email protected]

    Listing agent Rosalind Owens (630) 929-1100 License #475144296

    Listing date Nov 6, 2025

    MLS# 12091251 Listing URL

    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.

    Overview

    Chicago Mixed-Use Investment Opportunity

    This mixed-use building is located blocks east of Oak Park and is part of the South/West Commercial Corridor Improvement Strategy. The property features a total of 11 units, including 6 commercial units and 5 residential units. The commercial units range in size from approximately 950 to 1600 square feet. A majority of the units are currently rented with long-term tenants and leases in place. The property has been well-maintained and updated. All units, both commercial and residential, are separately metered for heat and electricity. One apartment and five businesses have air conditioning, with two new units installed in 2018. Building improvements include a new firewall and area tuck-pointing in 2018, and waterproof elastomeric roof sealant applied in 2024. A clean, full, unfinished basement provides additional storage space. The residential units are 2-bedroom, 1-bath units. A stable parking lot is available for an additional cost. The property has many building improvements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Jerk Shop Jamaican Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.766268
    Latitude
    41.895067

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with commercial and residential units in Chicago.
    Where is this mixed-use property located?
    The property is located at 5614 W Chicago Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $759,000.
    What are key features of this property?
    This property features: - Mixed-use building with 6 commercial and 5 residential units, offering diversified income streams.; - Located within the South/West Commercial Corridor Improvement Strategy area, near Oak Park.; - Majority of units are rented with long-term tenants and leases in place.
    (630) 929-1100
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    Chicago, IL 60651
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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
    5614 W Chicago Ave Chicago, IL 60651
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