1012 S Western Avenue, Chicago, IL 60612

Building Details

Year Built

1881

Listing agent MICHAEL RAMSTEDT License #471016470

Listing office ART OF REAL ESTATE LLC m***@gmail.com Show Phone

Listing date Aug 4, 2025

Source Corcoran

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Overview

This mixed-use property, available for sale for the first time in 47 years, features a double storefront, four residential units, and two oversized two-car garages with high ceilings. It is located at a high-exposure T-intersection in the UIC West Campus "Tri-Taylor" neighborhood, with Roosevelt Road to the south and I-290 to the north. The Illinois Medical District and Rush, UIC, Cook County, and West Side VA hospitals are within walking distance to the east. The storefronts and one of the residential units have been recently remodeled. The remaining three residential units are occupied by long-term tenants with below-market rents. The property includes a standing-height double basement suitable for storage or other uses. The gross income reflects assumed market rent for the storefronts, which are currently vacant for an owner/operator but can be rented out for a straight investor. The gross income of $8500/month is approximately $1500+ under market rent, and the building could potentially generate $10,000+/month in rents. The property is in a rapidly developing neighborhood with new construction.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6873

Latitude

41.8998

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property with storefronts, residential units, and garages.

Where is this mixed-use property located?

The property is located at 1012 S Western Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: High‑exposure double storefront with 4 residential units and two 2‑car garages in the rapidly developing Tri‑Taylor neighborhood near UIC West Campus.; Potential for high rental income: Currently generating $8,500/month, with potential to exceed $10,000/month at market rents.; Prime location: Walking distance to the Illinois Medical District and major hospitals, with easy access to Roosevelt Rd and I‑290.