1012 S Western Avenue Chicago, IL $ 1,200,000
1012 S Western Avenue
$ 1,200,000
New Construction
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1012 S Western Avenue

Chicago, IL, 60612
$ 1,200,000
Bedrooms-- Baths-- Sq 6,678

Monthly Estimate*

$ 7,486

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Commercial Property for sale in Chicago, IL

for $1,200,000. This 6,678 square foot building was built in 1881 on a lot size of 0.104683.

First time for sale in 47 years High exposure Taylor/Western T-intersection. Double storefront with 4 residential units and 2 oversized 2-car garages with very high ceilings. Located in the UIC West Campus "Tri-Taylor" neighborhood. Roosevelt Rd is directly south and I-290 is directly north. The Illinois Medical District and the 4 main hospitals i.e. Rush, UIC, Cook County and West Side VA are walking distance directly east. Perfect opportunity for an armchair investor or and owner/operator. Rapidly developing neighborhood with new construction popping up everywhere The storefronts are newly remodeled as well as one of the four residential units. The other 3 have long term tenants at below market rents. Gross income reflects assumed market rent for storefronts. We have left them empty for the moment for an owner/operator, but can also rent out, for a straight investor. Gross income of $8500/mo is roughly still $1500+ under market rent and this building should easily generate $10,000+/mo in rents. There is also a standing height double basement for storage or other use. Full occupancy at all times. This is truly a one time, once in a generation purchase opportunity

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Commercial Active

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 9,315

Style

Lot Size

0.104683

Year Built

1881

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12436814

Features
General
Cooling Central Air
Zoning COMMR
Year Built 1881
Electric Circuit Breakers Service - 101 to 200 Amps
Stories Count 3
Property Subtype Mixed Use
Tax Year 2023
Gross Income 105000
County Cook
Insurance Expense 6000
Property Type Commercial Sale Mixed Use
Status Active
Directions I-290 to Western S to property Roosevelt Rd to Western N to property Corner of Taylor and Western
City Chicago
Number Of Units Total 6
MLS Area CHI - Near West Side
Lot Size Square Feet 4560
Tax Annual Amount 9315
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 3600
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 6678
Lot Dimensions 45 x 100
Frontage Type City Street
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* Excluded Features
List By
Art Of Real Estate Llc

Broker

michaelramstedt1@gmail.com

Email

Affordability Calculator

$8,263
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$776
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
Pricing History
DatePricePrice ChangeDescription
8/3/2025$1,200,000 Listed Price

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1012 S Western Avenue, Chicago, IL, 60612 is a Commercial Property for sale at $1,200,000 with 6,678 sqft and a lot size of 0.104683. 1012 S Western Avenue was built in 1881. The property's zip code is 60612 which is in Chicago, IL