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Two-Story Mixed-Use Building
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2431 N Western Ave, Chicago, IL 60647

Two-story mixed-use building with ground-floor retail, a three-bedroom apartment, and basement storage.

Property Size3,000 SF
Days on Market124

Property Features for 2431 N Western Ave

General Information

Standard status Active
Size 3,000 SF
Property subtype Retail, Mixed Use

Additional Details

Highway Access Yes
Multifamily Units 1

Building Details

Stories 2
Listing Agency: Millennium Properties R/E
Listed By: Susan Silver · License #IL 475136992
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 8:24PM

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 Millennium Properties R/E

Investment Insights

Based on property information with market context.

This two-story mixed-use building offers approximately 3,000 square feet of combined retail and residential space, plus a basement/storage area. The ground floor is dedicated to retail space, while the second floor features a three-bedroom, one-bath apartment. The property also includes additional basement/storage space for operational or day-to-day support.

Located on Western Avenue in Logan Square, the building provides easy access to expressways and public transportation. The offering is described as rarely available and is suited for either a developer or an end user, based on the mixed-use configuration.

Overall, the property is structured for an owner to capture both street-level retail activity and upper-level residential income within a single building.

Key Highlights

  • Two‑story, 3,000 SF mixed‑use building on Western Avenue in Logan Square
  • Ground‑floor retail space with an apartment on the second floor
  • Second‑floor unit features a three‑bedroom, one‑bath apartment

Property Analytics

Current Use

Nashville Hot Chicken ... Restaurant

Suggested Use

Top Pick Accounting Firm HVAC Service Butcher Mobile Phone Store Nursing Home Fish Market

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

1
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,446
Businesses Nearby
503k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 38% Dining 22% Home Improvements & Furnishings 18% Shops & Services 9%
Target Superstores
190,856 visits/mo 0.2 miles
Regal City North Leisure
43,577 visits/mo 0.2 miles
HomeGoods Home Improvements & Furnishings
42,023 visits/mo 0.3 miles
The Home Depot Home Improvements & Furnishings
36,403 visits/mo 0.3 miles
Starbucks Dining
21,992 visits/mo 0.3 miles

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story mixed-use building with ground-floor retail, a three-bedroom apartment, and basement storage.
Where is this mixed-use property located?
The property is located at 2431 N Western Ave Chicago, IL.
What are key features of this property?
This property features: Two‑story, 3,000 SF mixed‑use building on Western Avenue in Logan Square; Ground‑floor retail space with an apartment on the second floor; Second‑floor unit features a three‑bedroom, one‑bath apartment
(312) 338-3000 Call to check price and availability
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