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    5640 N Western Ave Chicago, IL 60659

    For Sale
    $649,000

    Commercial Sale - Chicago, IL

    Days on Market:
    89
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 5640 N Western Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    13014320180000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Number of units
    2
    Architectural style
    Other

    Coldwell Banker Leader Realty (312) 513-4490 [email protected]

    Listing agent Mark Ahmad (773) 465-4200 License #471007186

    Listing date Sep 10, 2025

    MLS# 12464595 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

    Mixed-Use Building with Vacant Lot

    Located in the Arcadia Terrace/West Ridge area of Chicago, this property is situated steps away from Lincoln Square and Devon Avenue, in close proximity to CTA bus lines connecting to the Red, Purple, and Brown Lines, as well as Metra access. The property features a two-story mixed-use building and an adjacent 25x110 vacant lot on Western Avenue. The building includes a large main-level commercial space and two residential units on the second level. The building requires rehabilitation. It benefits from high visibility, exposure, and foot traffic on Western Avenue. A full basement provides ample storage space for commercial operations. The location is surrounded by dense residential and commercial traffic, with retailers like Walgreens nearby, along with walkable amenities and proximity to public transportation, shops, dining, and nightlife. This property offers both life and work opportunities with income potential in a dynamic Chicago neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -87.6898543
    Latitude
    41.9843944

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use building with vacant lot in Chicago.
    Where is this mixed-use property located?
    The property is located at 5640 N Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: - Mixed-use building with commercial space and two residential units plus adjacent vacant lot offers income potential and flexibility.; - High visibility and foot traffic on Western Ave, ideal for commercial operations.; - Located in a dynamic, ethnically diverse neighborhood near Lincoln Square and Devon Ave.
    (773) 465-4200
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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
    5640 N Western Ave Chicago, IL 60659
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