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    1002 N Western Ave Chicago, IL 60622

    For Sale
    $500,000

    Two-unit property with doctor's office and apartment in Chicago.

    Property size:
    1,200 SF
    Lot size:
    0.06 Acres

    Property Features for 1002 N Western Ave

    General Information

    Size
    1,200 SF
    Lot size
    0.06 Acres

    Source: @Properties | Chicago (North) Agent Lucas Blahnik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Ukrainian Village

    This mixed-use property features two units and is situated on the corner of Augusta and Western Avenue in Ukrainian Village. The lot size measures 24 x 108. The downstairs unit is a doctor's office, encompassing approximately 1,200 square feet. The upstairs unit is a 3-bedroom, 1-bathroom apartment, currently rented for $2,000 per month. The property presents a value-add opportunity and may suit an owner looking to live above their business. The B3-2 zoning allows for a variety of uses. A large covered storage area is located behind the building, and a 2-car garage is at the back of the lot on the alley. The entire parcel is also available for sale, including a 5-unit building at 1000 N Western and a parking lot at 2414 W Augusta.
    Insight Report Location Intelligence

    Current Use by Public Records

    Barbara Z Klempel, ... Neurologist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Similar Places Nearby

    Village West Veterinary, Companion Animal Hospital Wicker Park, Delta Animal Hospital, Dr. Sajid Hamid, Internal Medicine and Surgery, Ukrainian Village Veterinary Center

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6873291
    Latitude
    41.8995717

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    FAQs

    What type of property is this?
    Medical office - Two-unit property with doctor's office and apartment in Chicago.
    Where is this medical office located?
    The property is located at 1002 N Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Mixed-use 2-unit property in Ukrainian Village; - High-traffic location at the corner of Augusta & Western Ave; - Downstairs **doctor's office (approx. 1,200 sq ft)**
    (773) 772-0200
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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
    1002 N Western Ave Chicago, IL 60622
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