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    6218 Western Ave Chicago, IL 60636

    For Sale
    $295,000

    Chicago investment opportunity: high traffic area.

    Property size:
    3,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use building, located at 6218 S Western Ave, Chicago, IL 60636, presents a compelling investment opportunity. The 3,190 square foot, two-story masonry structure sits on a 2,725 square foot lot (109.20 x 25 ft) and boasts a full basement for ample storage. The property features a two-car garage and benefits from its prime location on a busy thoroughfare with a daily vehicle count of 31,600. The first floor, ideal for retail or office space, is currently 50% occupied. The second floor comprises a four-bedroom, two-bathroom apartment, generating a monthly rental income of $1,275 through a Section 8 tenant. The building features hardwood floors and two convenient entrances. Its B1-2 zoning allows for a variety of commercial uses. The property is surrounded by established businesses including Chase Bank, Marquette Bank, and various restaurants and retail stores, ensuring high visibility and foot traffic. Proximity to Marquette Park and public transportation further enhances its appeal. The property's parcel number is 19134310220000. Asking price is $295,000, with a price per square foot of $92.48.

    Property Features for 6218 Western Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,190 SF
    Class
    C

    Building Details

    Stories
    2

    HighLights

    • Mixed‑use building, 3,190 sq ft, on a 2,725 sq ft lot (109.20 x 25 ft), located at 6218 S Western Ave, Chicago, IL 60636.
    • High‑traffic location with 31,600 vehicles passing daily.
    • First floor (1,595 sq ft) suitable for retail or office, currently 50% occupied.
    • Second floor: 4‑bed, 2‑bath apartment, generating $1,275 monthly rent (Section 8 tenant).
    • Full basement for storage and a two‑car garage.
    • B1‑2 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Silver Line Electrical Electrician

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6840532
    Latitude
    41.7804619

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    FAQs

    What type of property is this?
    Mixed-use property - Chicago investment opportunity: high traffic area.
    Where is this mixed-use property located?
    The property is located at 6218 Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Mixed-use building, 3,190 sq ft, on a 2,725 sq ft lot (109.20 x 25 ft), located at 6218 S Western Ave, Chicago, IL 60636.; High-traffic location with 31,600 vehicles passing daily.; First floor (1,595 sq ft) suitable for retail or office, currently 50% occupied.
    (847) 977-5389
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    6218 Western Ave Chicago, IL 60636
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6218 Western Ave Chicago, IL 60636
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