Mixed-Use Investment Opportunity in
For Sale
$1,099,000
5620 N Western Avenue, Chicago, IL 60659
Fully occupied mixed-use property with high traffic and development potential.
Property Size4,800 SF
Price / SF$117.23
Days on Market165
Property Features for 5620 N Western Avenue
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$25,109
Building Details
Building Size
4,800 SF
Year Built
1938
Stories
3
Units
5
Listing Agency:
EXIT Strategy Realty
(312) 554-5478
Listed By:
Alberto Gonzalez · License #475155143
(312) 554-5478
Source:
Ozmentrealestate
Added: Mar 13
Changed: Aug 23
Last Checked: Aug 15 at 10:01AM
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 EXIT Strategy Realty
Investment Insights
Based on property information with market context.
This fully occupied three-lot investment property is located in Arcadia Terrace and features C1-2 zoning, suitable for various businesses. Rent increases are scheduled for September. The property includes: a gated parking lot; a three-story mixed-use building that has been completely renovated, featuring a store with a 200 amp panel, a front and back office, three private offices, two 2-bedroom apartments upstairs with 100 amp panel, separate dining areas, new HVAC systems, hardwood floors, new steel back decks, a new hot water tank, and a newer roof (5 years old) with rebuilt parapets and tuckpointing; and a free-standing one-story flexi-core commercial garage with 200-amp 3-phase and 200-amp panel, with the potential to add levels. Tenants in one of the buildings expire in 2024, while others are month-to-month. The property is situated slightly north of Bryn Mawr and adjacent to the Devon corridor, along with Lincoln Square, Ravenswood, and Edgewater, offering easy access to public transportation and Lake Shore Drive. The property size is 9375 square feet.
Key Highlights
- Fully occupied investment property with C1‑2 zoning.
- Three‑lot property with three separate PINs.
- 5620 is a completely rehabbed three‑story mixed‑use building** featuring a store, offices, and two 2‑bedroom apartments, each with new HVAC and steel back decks.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,654
Businesses Nearby
Explore this area
Business Placement
Demographics for 60659, IL
40,579
Population
14,748
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
16,908
Density / Sq Mi
$70,033
Median Household Income
$40,493
Median Earnings
$1,391
Median Rent
$358,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied mixed-use property with high traffic and development potential.
Where is this mixed-use property located?
The property is located at 5620 N Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Fully occupied investment property with C1‑2 zoning.; Three‑lot property with three separate PINs.; 5620 is a completely rehabbed three‑story mixed‑use building** featuring a store, offices, and two 2‑bedroom apartments, each with new HVAC and steel back decks.
