Mixed-Use Investment Opportunity,
5620 N Western Avenue, Chicago, IL 60659
New
- Added:
- May 27, 2026
- Days on Market:
- 3
- Last Refresh:
- May 29 at 1:06 pm
Property Features for 5620 N Western Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 13014320260000
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 25110
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 1938
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Wood, Carpet
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Alberto Gonzalez License #475155143 (312) 493-0920
Listing office EXIT Strategy Realty 2935 N. Clark St., Chicago, IL (312) 554-5478
Listing date May 27, 2026
MLS# 12661151
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 8.1% CAP Rate: Prime investment opportunity with high return potential.
- Fully Occupied: Immediate income stream from existing tenants.
- C1‑2 Zoning: Versatile zoning allows for a wide range of business uses.
- Three‑Lot Property: Includes a mixed‑use building, gated parking lot, and commercial garage, providing diverse income streams.
- New Rehab (5620): Recently renovated mixed‑use building with new HVAC, steel back decks, hot water tank, and hardwood floors.
- Strategic Location: Close proximity to Bryn Mawr, Devon corridor, Lincoln Square, Ravenswood, Edgewater, public transportation, and Lake Shore Drive.
Overview
This fully occupied, three-lot property presents a prime investment opportunity with an 8.1% cap rate. The property benefits from a high traffic count and C1-2 zoning, suitable for various businesses. Rent increases are scheduled for September. The property includes a gated parking lot at 5618 N Western Avenue. The mixed-use building at 5620 N Western Avenue features a store, a front and back office, three private offices, and two 2-bedroom apartments upstairs, each with separate dining areas. The building has undergone a complete renovation, including new HVAC systems, hardwood floors, steel back decks, a hot water tank, and a newer roof (5 years old), along with rebuilt parapets and tuckpointing. The commercial garage at 5622 N Western Avenue is a free-standing, one-story flexi-core structure with the potential for additional levels. Located just north of Bryn Mawr, the property is adjacent to the Devon corridor and close to Lincoln Square, Ravenswood, and Edgewater. It offers convenient access to public transportation and Lake Shore Drive. The lot size is approximately 0.2152 acres.
Property Profile
Location Intelligence
Current Use by Public Records
Somali Community in Chicago
Community Center
Alderman Andre Vasquez
City Government Office
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6898361
- Latitude
- 41.9838457
Nearby Similar for Sale
FAQs
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: 8.1% CAP Rate: Prime investment opportunity with high return potential.; Fully Occupied: Immediate income stream from existing tenants.; C1‑2 Zoning: Versatile zoning allows for a wide range of business uses.
