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Mixed-Use Building on Western Avenue

5000 South Western Avenue Chicago, IL 60609

Claim this Listing
For Sale
$525,000

Mixed-use building with apartments and storefront on busy avenue.

Property size:
3,025 SF
Price / SF:
$173.55/SF
Added:
Mar 15, 2026
Days on Market:
122
Last Refresh:
May 27 at 11:23 am

Property Features for 5000 South Western Avenue

General Information

Standard status
Active
Size
3,025 SF

Building Details

Year Built
1912

Listing office Mayorga Realty Inc

Listing date Mar 15, 2026

Source Compass

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 Mayorga Realty Inc


Investment Insights

Based on property information with market context.

This large brick corner building presents an opportunity with three rental apartments and one commercial storefront. The property is located in the Gage Park neighborhood on busy Western Avenue. The building has a property size of 3025 square feet. This mixed-use property offers endless possibilities.

Key Highlights

  • Large brick corner building.
  • Three rental apartments provide steady income.
  • Features one commercial storefront.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $88.9k $29.40
− Vacancy −$4.6k −$1.53
EGI $84.3k $27.87
− OpEx −$37.9k −$12.54
NOI $46.4k $15.33
3,025 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use
Mixed Use
$729.2K
$638.1K – $850.8K (±1% cap)
NOI $51,047 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$662.4K
$579.6K – $772.9K (±1% cap)
NOI $46,371 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M (±1% cap)
NOI $99,840 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Law Firm Garden Center Building Supply Home Appliance Store Computer & Electronic Repair Butcher Food Market Fish Market Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Mixed-use property - Mixed-use building with apartments and storefront on busy avenue.
Where is this mixed-use property located?
The property is located at 5000 South Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Large brick corner building.; Three rental apartments provide steady income.; Features one commercial storefront.
Contact an agent
More about this property
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