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10-Unit Apartment Building
For Sale
Contact for pricing
Pending

616 N Western Ave, Chicago, IL 60612

Newer condo-quality interiors, resident storage, attached parking, and two commercial spaces support a versatile urban property.

Property SizeContact for details
Days on Market144

Property Features for 616 N Western Ave

General Information

Standard status Pending
Total Parking Spaces 9
Property subtype Multifamily
Occupancy 100%

Additional Details

Public Transit Yes
Multifamily Units 8

Amenities

balconies
storage units

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Wesley Realty Group
Listed By: Yvonne Stachyra · License #IL 475155106
Source: Crexi
Added: Apr 13 Changed: Sep 2 Last Checked: Aug 31 at 3:16PM

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 Wesley Realty Group

Investment Insights

Based on property information with market context.

This newer 10-unit apartment building combines eight residential units with two commercial spaces, each identified by a separate tax ID. The residential apartments feature extra-wide layouts, high ceilings, balconies, hardwood flooring, granite countertops, 42-inch cabinetry, stainless steel appliances, and oversized windows. Eight storage units and nine attached garage spaces add practical resident amenities.

The property is fully occupied by long-term tenants. Residents have access to the Blue Line and the Western Avenue CTA stop, along with nearby restaurants, boutiques, art galleries, and music venues. The combination of residential and commercial components creates a varied property profile within an established urban neighborhood.

Key Highlights

  • Ten‑unit property with 8 residential units and 2 commercial spaces
  • Eight storage units and nine attached garage spaces
  • Residential units feature balconies, hardwood floors, granite countertops, and stainless steel appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home Accounting Firm Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Locksmith

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

8
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,611
Businesses Nearby

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Newer condo-quality interiors, resident storage, attached parking, and two commercial spaces support a versatile urban property.
Where is this apartment building located?
The property is located at 616 N Western Ave Chicago, IL.
What are key features of this property?
This property features: Ten‑unit property with 8 residential units and 2 commercial spaces; Eight storage units and nine attached garage spaces; Residential units feature balconies, hardwood floors, granite countertops, and stainless steel appliances
More about this property
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