5950 S Western Avenue Chicago, IL ^$ 325,000

5950 S Western Avenue

^$ 325,000

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5950 S Western Avenue

Chicago, IL, 60629

^$ 325,000

Studio Baths0.0 Sq 7,700

Monthly Estimate*

^$ 2,270

5950 S Western Avenue, Chicago, IL 60629 - Image 1

5950 S Western Avenue, Chicago, IL 60629 - Image 2

Studio

Commercial Property for sale in Chicago, IL

for $325,000. This 7,700 square foot building was built in 1924 on a lot size of 0.195133.

The property is located just off the northwest corner of 60th & Western Ave. in Chicago's Chicago Lawn community which borders the Gage Park Community. The area is densely populated. There are high vehicle traffic counts along Western Ave and 59th St. Many national and regional businesses are in the area. Approximately 6,200sf building on a +/-8,250sf lot. Currently owner-occupied auto repair and body shop. The owner is retiring and will tender possession at closing. Ideal for continued automotive or warehouse use. Truss roof with high ceiling. Two vehicle lifts are included in the sale. Property being sold as is.

Commercial Contingent

Price

^$ 325,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 13,677

Style

Lot Size

0.195133

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11690687

Features

General

Cooling Central Air

Possession Closing

Zoning COMMR

Year Built 1924

Electric Circuit Breakers

Tenant Pays Varies by Tenant

Stories 1

Property SubType Automotive

Tax Year 2021

County Cook

Net Operating Income 0

Property Type Commercial Sale Retail/Stores

Contingency Attorney/Inspection

Status Contingent

Directions 63rd st to 5950 and western ave

City Chicago

Total Units 1

MLS Area CHI - Chicago Lawn

Lot Size Square Feet 8500

Street Name Western

Tax Annual Amount 13677

Additional Parcels Y/N Y

Leasable Area 6200

Days on Market 463

Standard Status Active Under Contract

Exterior

Building Area Total 7700

Lot Dimensions 110X75

Interior

Street Suffix Avenue

* Excluded Features

List By

Network Property Managment Llc

Broker

adam@networkregroup.com

Affordability Calculator

$3,410

Per Month

Monthly Principal & Interest: $2,270
Monthly Property Taxes: $1,140
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$833,097

Percent of Sale Price 156%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/21/2022	$325,000		Listed Price

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5950 S Western Avenue, Chicago, IL, 60629 is a Commercial Property for sale at $325,000 with 7,700 sqft and a lot size of 0.195133. 5950 S Western Avenue is a studio with 0.0 baths and was built in 1924. The property's zip code is 60629 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/29/2024.

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5950 S Western Avenue

Commercial Property for sale in Chicago, IL

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