5620 North Western Avenue Chicago, IL 60659
Fully occupied mixed-use property with high traffic and development potential.
Property size:
9,375 SF- Added:
- Feb 16, 2025
- Days on Market:
- 424
- Last Refresh:
- Mar 13 at 3:15 pm
Property Features for 5620 North Western Avenue
General Information
- Standard status
- Active
- Size
- 9,375 SF
Building Details
- Year Built
- 1938
Listing agent Alberto (773) 294-7534
Listing office Kale Realty (773) 294-7534
Listing date Feb 16, 2025
Source Compass
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Overview
Mixed-Use Investment Opportunity in Arcadia
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.
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 North Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,149,000.
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.
