Three-Story Mixed-Use Investment
For Sale
Under Contract
$1,099,000
5620 N Western Avenue, Chicago, IL 60659
COMMERCIAL - Chicago, IL
Lot Size0.22 Acres
Days on Market67
Property Features for 5620 N Western Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Just a little North or Bryn Mawr on the west side of the street
Subdivision
CHI - West Ridge
Standard status
Active Under Contract
APN
13014320260000
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
25110
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Building Details
Year built
1938
Floors in Building
3
Number of units
5
Flooring type
Carpet, Wood
Building materials
Brick
Roof type
Rubber
Listing Agency:
EXIT Strategy Realty · EXIT Realty
(312) 554-5478
Listed By:
Alberto Gonzalez · License #475155143
(312) 493-0920
Added: May 27
Changed: Jul 13
Last Checked: Aug 1 at 4:06PM
MLS# 12661151
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.
Investment Insights
Based on property information with market context.
The three-lot, fully occupied offering includes 5618 as a gated parking lot; 5620 as a three-story mixed-use building that is described as all-new rehab, with a store, a 200 amp panel, front-to-back office space plus three private offices, and two 2BR apartments upstairs with separate dining. The building is reported to have separate new HVAC, hardwood floors, new steel back decks, a new hot water tank, a roof described as newer (about 5 years), rebuilt parapets, and tuckpointed exterior areas. Also included is 5622, a free-standing one-story flexi-core commercial garage with the ability to add levels, supported by a 200-amp 3-phase setup and a 200 amp panel.
The property is zoned COMMR and is located at 5620 N Western Avenue in Chicago (60659). Public remarks indicate that all tenants are on yearly leases except for 5622, which is month-to-month, and that rent increases are coming in September. The area is described as slightly north of Bryn Mawr and adjacent to the Devon corridor, with easy access to public transportation and Lake Shore Drive.
The property is zoned COMMR and is located at 5620 N Western Avenue in Chicago (60659). Public remarks indicate that all tenants are on yearly leases except for 5622, which is month-to-month, and that rent increases are coming in September. The area is described as slightly north of Bryn Mawr and adjacent to the Devon corridor, with easy access to public transportation and Lake Shore Drive.
Key Highlights
- Three‑lot, fully occupied owner/investment property with 8.1% cap rate and C1‑2 zoning for many businesses
- 5618: gated parking lot included as part of the three‑lot package
- 5620: three‑story mixed‑use building—store, front‑to‑back office plus three private offices
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
2
Residential units
100%
Occupancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,654
Businesses Nearby
Explore this area
Business Placement
Demographics for 60659, IL
40,579
Population
14,748
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
16,908
Density / Sq Mi
$70,033
Median Household Income
$40,493
Median Earnings
$1,391
Median Rent
$358,800
Median Home Value
Market
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-lot property includes renovated mixed-use building with store, offices, and apartments, plus a flexi-core commercial garage.
Where is this mixed-use property located?
The property is located at 5620 N Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Three‑lot, fully occupied owner/investment property with 8.1% cap rate and C1‑2 zoning for many businesses; 5618: gated parking lot included as part of the three‑lot package; 5620: three‑story mixed‑use building—store, front‑to‑back office plus three private offices
