High-Exposure Mixed-Use Property For
For Sale
$1,050,000
1012 S Western Avenue, Chicago, IL 60612
Mixed-use property with storefronts, residential units, and garages.
Days on Market363
Property Features for 1012 S Western Avenue
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1881
Listing Agency:
ART OF REAL ESTATE LLC
(312) 952-2894
Listed By:
MICHAEL RAMSTEDT · License #471016470
Source:
Corcoran
Added: Aug 4, 2025
Changed: Jul 6
Last Checked: Aug 1 at 7:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ART OF REAL ESTATE LLC
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 60612, IL
34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
Market
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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 $1,050,000.
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.
