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5620 N Western Avenue Chicago, IL $ 1,149,000
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$ 1,149,000 Get more info
5620 N Western Avenue
$ 1,149,000
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Share Save

5620 N Western Avenue

Chicago, IL, 60659
$ 1,149,000
Bedrooms-- Baths-- Sq 4,800

Monthly Estimate*

$ 7,168

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Commercial Property for sale in Chicago, IL

for $1,149,000. This 4,800 square foot building was built in 1938 on a lot size of 0.21522.

ARCADIA TERRACE INVESTMENT OPPORTUNITY---FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. Rent increases coming in September. ALL TENANTS ARE ON YEARLY LEASES EXCEPT FOR 5822 WHICH IS M-T-M. From left to right it consists of: 5618-gated parking lot/5620 three story mixed use---ALL NEW REHAB-- with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW steel back decks, NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed/5622 is a free standing 1 story flexi-core commercial garage---levels can be added---200-amp 3-phase+200amp panel. Tenants in 5620 all expire in 2024, 5620+18 are MTM, rents. Just slightly north of Bryn Mawr and adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater. Easy access to public transportation and Lake Shore Drive.

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Commercial Active

Price

$ 1,149,000

Property Type

Commercial

Taxes

$ 24,110

Style

Commercial,Office,Automotive

Lot Size

0.21522

Year Built

1938

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12339360
Features
General
Cooling Central Air
Utilities Electricity Available Natural Gas Available
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick
Year Built 1938
Electric Separate Meters Service - 101 to 200 Amps Three Phase
Tenant Pays Air Conditioning Electricity Heat Scavenger Sewer
Stories Count 3
Tax Year 2023
Current Use Commercial Office Automotive
Gross Income 133673
County Cook
Net Operating Income 90625
Operating Expense 41619
Insurance Expense 2204
Property Type Commercial Sale Mixed Use
Possible Use Other
Status Active
Directions Just a little North or Bryn Mawr on the west side of the street
City Chicago
Number Of Units Total 5
MLS Area CHI - West Ridge
Lot Size Square Feet 9375
Tax Annual Amount 24110
Electric Expense 0
Fuel Expense 3150
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
Cap Rate 7.6
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Interior
Flooring Carpet Wood
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 4800
Lot Dimensions 75 X 125
Frontage Type City Street
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* Excluded Features
List By
Exit Strategy Realty

Broker

exitalberto@gmail.com

Email

Affordability Calculator

$9,177
Per Month
78%
22%
0%
Monthly Principal & Interest
$7,168
Monthly Property Taxes
$2,009
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/21/2025$1,149,000 -4.17% Price Down
4/15/2025$1,199,000 Listed Price

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5620 N Western Avenue, Chicago, IL, 60659 is a Commercial Property for sale at $1,149,000 with 4,800 sqft and a lot size of 0.21522. 5620 N Western Avenue was built in 1938. The property's zip code is 60659 which is in Chicago, IL

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