1012 S Western Avenue Chicago, IL 60612
- Added:
- Aug 4, 2025
- Days on Market:
- 268
- Last Refresh:
- Apr 5 at 8:59 pm
Property Features for 1012 S Western Avenue
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1881
Listing agent MICHAEL RAMSTEDT License #471016470
Listing office ART OF REAL ESTATE LLC (312) 952-2894
Listing date Aug 4, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of ART OF REAL ESTATE LLC
Overview
High-Exposure Mixed-Use Property For Sale
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
BoeufHaus
Restaurant
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6873
- Latitude
- 41.8998
Nearby Similar for Sale
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 $1,150,000.
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.
