1538 N Western Avenue Chicago, IL $ 995,000
1538 N Western Avenue
$ 995,000
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1538 N Western Avenue

Chicago, IL, 60622
$ 995,000
Bedrooms-- Baths-- Sq 3,270

Monthly Estimate*

$ 6,208

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Commercial Property for sale in Chicago, IL

for $995,000. This 3,270 square foot building was built in 1911 on a lot size of 0.063131.

Turnkey, mixed-use winner in prime Bucktown-ideal for an investor or a live-in owner who wants income from day one. Street-level retail is leased to long-term Mega Locksmith (with finished basement space incl. bathroom, laundry & sump); Mega would like to sign a 10 year lease, talk about a great anchor tenant; two 2BR/1BA apartments above are well-kept and leased (~2 yrs & ~5 yrs). Major building updates: electric, plumbing & HVAC ~3 yrs, office interior refreshed ~3 yrs, windows ~5 yrs, roof ~10 yrs. On-site alarm (operated by retail). Low operating expenses and stable tenancy = immediate, durable cash flow. Unbeatable location near The 606/Bloomingdale Trail, Damen/Milwaukee/North shops, and the Damen Blue Line-perfect for renters and future appreciation. Walk to neighborhood favorites like Le Bouchon, Small Cheval, Piece Brewery, The Map Room, Ipsento, and The Robey rooftop; minutes to galleries, boutiques, and the Bucktown/Wicker Park festival scene. Surrounded by ongoing residential rehabs and retail refreshes along the corridor. Live in one unit and let the other units (plus the retail) help take care of the mortgage-or hold as a low-touch, cash-flowing asset in a high-demand rental pocket.

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Commercial Active

Price

$ 995,000

Property Type

Commercial

Taxes

$ 9,506

Style

Lot Size

0.063131

Year Built

1911

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12434548

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1911
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Air Conditioning Electricity Heat
Stories Count 3
Township West Chicago
Property Subtype Mixed Use
Tax Year 2023
Gross Income 5900
County Cook
Net Operating Income 54856
Operating Expense 15944
Insurance Expense 2670
Property Type Commercial Sale Mixed Use
Status Active
Directions South of North Ave. - Westside of Western Ave.
City Chicago
Number Of Units Total 3
MLS Area CHI - West Town
Lot Size Square Feet 2750
Tax Annual Amount 9506
Electric Expense 1152
Fuel Expense 984
Trash Expense 432
Water Sewer Expense 600
Additional Parcels Y/N N
Standard Status Active
Total Actual Rent 2500
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Exterior
Building Area Total 3270
Lot Dimensions 25x110
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* Excluded Features
List By
Exp Realty

Broker

zach@braddockinv.com;Zach@BraddockInv.com

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Affordability Calculator

$7,000
Per Month
89%
11%
0%
Monthly Principal & Interest
$6,208
Monthly Property Taxes
$792
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
9/26/2025$995,000 -13.48% Price Down
8/7/2025$1,150,000 Listed Price

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1538 N Western Avenue, Chicago, IL, 60622 is a Commercial Property for sale at $995,000 with 3,270 sqft and a lot size of 0.063131. 1538 N Western Avenue was built in 1911. The property's zip code is 60622 which is in Chicago, IL