Mixed-Use Automotive
For Sale
Contact for pricing
7419 S Western Avenue, Chicago, IL 60636
Updated commercial and residential configuration with a service garage, vehicle capacity, and C2-2 zoning.
Property Size3,000 SF
Price / SF$199
Days on Market57
Property Features for 7419 S Western Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail, Mixed Use
Zoning
COMMR
Building Details
Year Built
1974
Stories
2
Units
2
Listing Agency:
Keller Williams Preferred Realty Bourbonnais
Listed By:
Paula Boudos · License #475164071
(708) 798-1111
Source:
Crexi
Added: Aug 24
Changed: Oct 4
Last Checked: Oct 19 at 6:19AM
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 Keller Williams Preferred Realty Bourbonnais
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Investment Insights
Based on property information with market context.
This mixed-use property combines a first-floor commercial area with three offices, a kitchen, and a bathroom with shower, along with a remodeled two-bedroom, one-bath apartment above. The property also includes a dedicated garage and service building equipped with an automotive lift, plus a semi-finished basement with laundry and storage. Updates completed in 2022 include the roof, HVAC system, and two water heaters.
The two parcels provide approximately 6,300 SF of land with room for approximately 40-50 vehicles. The 3,000-square-foot property is positioned on Western Avenue in Chicago and carries C2-2 zoning. The first-floor commercial space is owner occupied, while the second-floor apartment is rented, supporting the existing mixed-use arrangement.
The layout and improvements accommodate the current automotive setup while also supporting contractor, service, retail, office, or other commercial uses identified for the zoning.
The two parcels provide approximately 6,300 SF of land with room for approximately 40-50 vehicles. The 3,000-square-foot property is positioned on Western Avenue in Chicago and carries C2-2 zoning. The first-floor commercial space is owner occupied, while the second-floor apartment is rented, supporting the existing mixed-use arrangement.
The layout and improvements accommodate the current automotive setup while also supporting contractor, service, retail, office, or other commercial uses identified for the zoning.
Key Highlights
- Approximately 6,300 SF of land across two parcels
- Room for approximately 40‑50 vehicles
- C2‑2 zoning supports the existing mixed‑use configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,625
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,500
$1.0M
Cap Rate 7%
$723,214
$723.2K
Cap Rate 9%
$562,500
$562.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$90.0K $30.00/SF
− Vacancy
−$9.0K −$3.00/SF
EGI
$81.0K $27.00/SF
− OpEx
−$30.4K −$10.13/SF
NOI
$50.6K $16.88/SF
Area
Chicago, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,500
Cap Rate 7%
$723,214
Cap Rate 9%
$562,500
Alternative Uses
Best Use
Office B
$919.5K
$804.6K – $1.07M
NOI $64,368 @ 7.0% cap · market cap 10.73%
Second Best
Mixed Use
$723.2K
$632.8K – $843.8K
NOI $50,625 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,014 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,775
Businesses Nearby
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Business Placement
Demographics for 60636, IL
34,800
Population
14,363
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
78%
High-School Grad
3.9 sq mi
ZIP Area
8,923
Density / Sq Mi
$35,077
Median Household Income
$30,411
Median Earnings
$1,135
Median Rent
$150,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial and residential configuration with a service garage, vehicle capacity, and C2-2 zoning.
Where is this mixed-use property located?
The property is located at 7419 S Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Approximately 6,300 SF of land across two parcels; Room for approximately 40‑50 vehicles; C2‑2 zoning supports the existing mixed‑use configuration
