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22-Unit Mixed-Use Property
New
For Sale
$1,200,000

5457-5473 West Chicago Ave, Chicago, IL 60651

The building combines apartment units with commercial storefronts at street level.

Property Size21,080 SF
Price / SF$56.93
Days on Market3

Property Features for 5457-5473 West Chicago Ave

General Information

Standard status Active
Size 21,080 SF
Net Rentable 21,080 SF
Property subtype Multifamily
Zoning B3-1
Net Operating Income $147,146

Additional Details

Cap Rate 12.26%
Mixed-Use Components residential, commercial
Tenant in Place Yes

Building Details

Building Size 21,080 SF
Year Built 1923
Stories 3
Units 22
Listing Agency: Coldwell Banker Commercial NRT
Listed By: Paul Proano · License #475170890
Source: Cbcworldwide
Added: Nov 4 Last Checked: Nov 6 at 5:12AM

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 Coldwell Banker Commercial NRT

Rey
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Investment Insights

Based on property information with market context.

Built in 1923, this 22-unit mixed-use property contains approximately 21,080 square feet of reported rentable area. Its configuration includes residential apartments and commercial storefronts at street level, bringing both components into one building. The property carries B3-1 zoning and a reported 12.26% cap rate.

Located at 5457-5473 West Chicago Ave in Chicago, the property sits along the Chicago Avenue commercial corridor in the Austin neighborhood.

Key Highlights

  • 22 residential units in a mixed‑use property
  • Approximately 21,080 square feet of reported rentable area
  • 12.26% cap rate

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

1,092
Businesses Nearby

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Chicago, IL

$342 Jul
$241 Aug
$205 Sep
$203 Oct

Properties on Market for Mixed-use properties in Chicago

Jul
Aug
Sep
Oct

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 - The building combines apartment units with commercial storefronts at street level.
Where is this mixed-use property located?
The property is located at 5457-5473 West Chicago Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 22 residential units in a mixed‑use property; Approximately 21,080 square feet of reported rentable area; 12.26% cap rate
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Includes: Price & PSF · Cap rate · Location · Zoning

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