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Two-Story Mixed-Use Property
For Sale
$599,000

5638 N Western Ave, Chicago, IL 60659

Main-level commercial space, two residential units, and a full basement occupy this rehab-ready property.

Property SizeContact for details
Days on Market61

Property Features for 5638 N Western Ave

General Information

Standard status Active

Property Condition

Severity Major Repairs Needed
Evidence Building in need of work/rehab from A-Z.

Site & Location

Road Access Yes
Public Transit Yes

Additional Details

Multifamily Units 2

Building Details

Year Built 1930
Buildings 1
Stories 2
Listing Agency: Century 21 Circle
Listed By: Mark Ahmad · License #471007186
Source: Realtopiare
Added: Aug 18 Changed: Oct 1 Last Checked: Oct 16 at 10:25AM

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 Century 21 Circle

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Investment Insights

Based on property information with market context.

This 2-story mixed-use property combines a large commercial area on the main level with 2 residential units above. A full basement provides additional storage space, while the building requires work and rehabilitation. The property also includes an adjacent vacant lot measuring 25X110 on Western Ave. The building was constructed in 1930 and carries MULTI zoning.

Located at 5638 N Western Avenue in Chicago, the property fronts Western Ave with access to CTA bus service connecting to the Red, Purple, and Brown Lines. Metra access is nearby, and surrounding retailers include Walgreens along with shops, dining, nightlife, and other commercial and residential activity.

Key Highlights

  • 2‑story mixed‑use building with large main‑level commercial space
  • 2 residential units on the second level
  • Adjacent vacant lot measuring 25X110 on Western Ave

Property Analytics

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Current Use

Tim's Junk Cars ... Discount Store Omega Attic Insulation ... General Contractor

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Tech Support Center

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

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,654
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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 - Main-level commercial space, two residential units, and a full basement occupy this rehab-ready property.
Where is this mixed-use property located?
The property is located at 5638 N Western Ave Chicago, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2‑story mixed‑use building with large main‑level commercial space; 2 residential units on the second level; Adjacent vacant lot measuring 25X110 on Western Ave
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