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Property profile & analytics

7842 Western Ave Chicago, IL 60620

  • Community centers
  • 0.07 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-1560003
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Oxford Auto Insurance / Insurance Agency
  • Bank of America ATM / Atm

Property Details for 7842 Western Ave

Year built
2003
Lot size
0.07 lot acres
Property type
Community centers
APN
19-25-421-049
APU
1925421049

Description

This exceptional retail property, located at 7842 S Western Ave in Chicago, IL 60620, offers a prime opportunity for businesses seeking high visibility and foot traffic. The 9,490 square foot building sits on a 0.35-acre lot and is zoned B3-1. Currently, there are three suites available, with a minimum divisible space of 1,230 square feet and a maximum contiguous space of 2,100 square feet. A significant portion of the building, totaling 4,730 square feet, is currently vacant, presenting a unique chance for expansion or multiple tenants. The property benefits from its strategic location directly across from the 79th & Western Avenue CTA Bus Terminal, ensuring consistent exposure to a large customer base. Ample parking is available, further enhancing convenience for both customers and employees. The surrounding area boasts a dense population and high vehicular traffic, with numerous established businesses including Aldi Foods, CVS, McDonald's, Sprint, Subway, and Citibank, creating a thriving commercial environment within Chicago's Ashburn Community. This property is ideal for a variety of retail uses and represents a strong investment opportunity in a high-demand location. Cook County location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6833
Latitude
41.7507
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,024
$10,641
$47,817
$58,458
-
$42,564
$191,268
$233,832
More about this property
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