5620 N Western Avenue Chicago, IL 60659
- Added:
- Apr 15, 2025
- Days on Market:
- 357
- Last Refresh:
- Apr 6 at 2:06 pm
Property Features for 5620 N Western Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 13014320260000
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 24110
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 1938
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Wood, Carpet
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Alberto Gonzalez License #475155143 (312) 493-0920
Listing office EXIT Strategy Realty 2935 N. Clark St., Chicago, IL (312) 554-5478
Listing date Apr 15, 2025
MLS# 12339360
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
Mixed-Use Investment Opportunity in Chicago
This Arcadia Terrace investment opportunity features a fully occupied three-lot property with three PINs, situated in a location with a high traffic count and C1-2 zoning suitable for various businesses. Rent increases are scheduled for September. The property consists of: 5618, a gated parking lot; 5620, a three-story mixed-use building that has been fully renovated, featuring a store, a 200 amp panel, a front and back office, three private offices, two 2-bedroom apartments upstairs with 100 amp panel, separate dining areas, new HVAC systems, hardwood floors, new steel back decks, a new hot water tank, and a roof that is approximately 5 years old with rebuilt parapets and tuckpointing; and 5622, a free-standing one-story flexi-core commercial garage with the potential to add levels, equipped with a 200-amp 3-phase panel and an additional 200-amp panel. The lot size is 0.2152 acres. Located just north of Bryn Mawr and adjacent to the Devon corridor, Lincoln Square, Ravenswood, and Edgewater, the property offers easy access to public transportation and Lake Shore Drive. All tenants in 5618 and 5620 are month-to-month, while tenants in 5620 have leases expiring in 2024.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Somali Community in Chicago
Community Center
Alderman Andre Vasquez
City Government Office
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6898361
- Latitude
- 41.9838457
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully occupied three-lot property with C1-2 zoning and high traffic.
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 $1,149,000.
What are key features of this property?
This property features: Fully occupied investment property with C1‑2 zoning suitable for various businesses.; Three‑lot property with three separate PINs.; **5620 is a completely renovated three‑story mixed‑use building with retail space, offices, and two 2‑bedroom apartments.**
