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    5620 N Western Ave Chicago, IL 60659

    Sponsored
    For Sale
    $1,149,000

    COMMERCIAL - Chicago, IL

    Lot size:
    0.22 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 5620 N Western Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    13014320260000
    Lot size
    0.22 Acres

    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

    Exit Strategy Realty (312) 493-0920 [email protected]

    Listing agent Alberto Gonzalez (773) 294-7534

    Listing date Dec 25, 2025

    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

    Mixed-Use Investment Opportunity, Chicago

    This Arcadia Terrace investment opportunity features a fully occupied, three-lot property with C1-2 zoning suitable for various businesses. The property benefits from a tremendous traffic count. Rent increases are scheduled for September. The property includes: a gated parking lot; a three-story mixed-use building that has been fully renovated, featuring a store with 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, a newer roof (5 years old), rebuilt parapets, and tuckpointing; and a freestanding one-story flexi-core commercial garage with 200-amp 3-phase and 200-amp panel, with the potential to add levels. The mixed-use building at 5620 has tenants with leases expiring in 2024, while the parking lot and garage are month-to-month. The property is located slightly north of Bryn Mawr, adjacent to the Devon corridor, Lincoln Square, Ravenswood, and Edgewater, with easy access to public transportation and Lake Shore Drive. The lot size is 0.22 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Somali Community in Chicago Community Center Alderman Andre Vasquez City Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6898361
    Latitude
    41.9838457

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use property with high traffic and development potential.
    Where is this mixed-use property located?
    The property is located at 5620 N Western Ave 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 three-lot investment property with C1-2 zoning.; - Newly rehabbed mixed-use building (5620) featuring a store, offices, and two 2-bedroom apartments with separate dining areas.; - **All new HVAC systems, hardwood floors, and steel back decks in the mixed-use building (5620).**
    (773) 294-7534
    Request Owner's contact information
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    Chicago, IL 60659
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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
    5620 N Western Ave Chicago, IL 60659
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