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Mixed-Use Building with Retail Storefront
For Sale
$849,900

1047 N Western Avenue, Chicago, IL 60622

A leased ground-level shop is paired with three apartments, combining commercial and residential space in one property.

Property SizeContact for details
Days on Market53

Property Features for 1047 N Western Avenue

General Information

Standard status Active
Property subtype Commercial

Site & Location

Neighborhood Ukrainian Village
Road Access Yes
Public Transit Yes
Mixed-Use Components retail, residential

Additional Details

Multifamily Units 3
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $16,200

Building Details

Year Built 1914
Buildings 1
Stories 3
Units 4
Tenancy Multi
Listing Agency: Landmark Realtors
Listed By: Anna Pikula · License #475141850
Source: Amberrealty
Added: Sep 12 Changed: Nov 2 Last Checked: Nov 2 at 1:53PM

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 Landmark Realtors

Rey
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Investment Insights

Based on property information with market context.

Built in 1914, this Chicago property combines a ground-floor retail storefront with three residential apartments on the upper floors. The storefront is fully leased, and the apartments occupy the first, second, and third floors.

The building is on N Western Avenue in Ukrainian Village. Restaurants, cafes, shops, and public transportation are identified in the surrounding area, along with pedestrian and vehicle traffic on the avenue.

Key Highlights

  • Fully leased ground‑level retail storefront
  • Three apartments on the first, second, and third floors
  • Built in 1914

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

The Fox Club Swimwear Store Olive jewel vintage ... Home Decor Store

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Bed & Breakfast Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,700
Businesses Nearby

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A leased ground-level shop is paired with three apartments, combining commercial and residential space in one property.
Where is this mixed-use property located?
The property is located at 1047 N Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Fully leased ground‑level retail storefront; Three apartments on the first, second, and third floors; Built in 1914
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