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Mixed-Use Building with Commercial Space
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5640 N Western Avenue, Chicago, IL 60659

Two-story mixed-use building with large main-level commercial area, two residential units upstairs, and a full basement.

Property SizeContact for details
Days on Market263

Property Features for 5640 N Western Avenue

General Information

Standard status Active
Property subtype Special Purpose
Zoning MULTI

Additional Details

Road Access Yes
Multifamily Units 2

Building Details

Year Built 1930
Stories 2
Units 2
Listing Agency: CENTURY 21 Circle
Listed By: Mark Ahmad · License #IL 471007186
Source: Crexi
Added: Dec 2, 2025 Changed: Aug 16 Last Checked: Aug 22 at 8:05AM

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

Investment Insights

Based on property information with market context.

Two-story mixed-use building with a large main-level commercial space and two residential units on the second level. The property includes a full basement with ample storage space intended to support commercial operations. The building is currently in need of work and rehab from A to Z, and there is also an adjacent vacant lot sized 25 by 110.

The site is located on Western Avenue in a mixed commercial and residential district. Public transportation access is described as nearby CTA bus service connecting to the Red, Purple, and Brown Lines, with Metra access also noted in the area.

This is a live-work style configuration that combines storefront space with upstairs residential units, backed by an on-site basement for storage and an adjacent vacant lot.

Key Highlights

  • 2‑story mixed‑use building built in 1930 with large main‑level commercial space and 2 residential units on the 2nd level
  • Adjacent vacant lot measuring 25 x 110 on Western Ave
  • Full basement with ample storage space to support commercial operations

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Auto Parts Store Storage Facility

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

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - Two-story mixed-use building with large main-level commercial area, two residential units upstairs, and a full basement.
Where is this live-work space located?
The property is located at 5640 N Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2‑story mixed‑use building built in 1930 with large main‑level commercial space and 2 residential units on the 2nd level; Adjacent vacant lot measuring 25 x 110 on Western Ave; Full basement with ample storage space to support commercial operations
(773) 983-1553 Call to check price and availability
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