1303 W Chicago Avenue Chicago, IL $ 556,800
1303 W Chicago Avenue
$ 556,800
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1303 W Chicago Avenue

Chicago, IL, 60642
$ 556,800
Bedrooms-- Baths-- Sq 2,080
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Property for Rent in Chicago, IL

for $556,800. This 2,080 square foot property was built in 1888 on a lot size of 0.052342.

Pleased to present the opportunity to purchase 1303 W Chicago Ave, Chicago, IL-a mixed-use investment in the heart of West Town, Chicago. Located on Chicago Ave, directly across from Eckhart Park and Field House, and just steps from the Chicago Blue Line stop and Milwaukee Ave, this property offers high visibility and strong rental potential. Commercial Space Features: 1,100 SF open retail space with 11-foot clearance ceilings, white tin ceilings, and original wooden floors, creating a unique and character-rich setting. Previously used as a photographer's studio, the space includes a dark room for film development. Zoned B1-2, it accommodates a variety of business types, including art galleries & studios, boutique retail & showrooms, cafes, specialty coffee or juice bars, creative offices & design studios, wellness & beauty services, tattoo & piercing studios, photography & content creation studios, and specialty retail. The average lease rate for similar commercial spaces in the area is 29.00 dollars per square foot (PSF), with lease types such as MG or NNN, providing flexibility for ownership. In this sought-after area, leases typically start at a five-year minimum term, ensuring stability and long-term rental income. Second-Floor Residential Unit: A spacious two-bedroom, one-bathroom apartment overlooking Chicago Ave, featuring a full HVAC system (forced hot and cold air), original wooden floors, an ample-sized kitchen, and separate living and dining rooms. The layout is designed to maximize openness, allowing natural light and movement to flow seamlessly throughout. A private wooden deck and large backyard provide an inviting space for relaxation or entertaining. Residential rental rates in West Town for similar two-bedroom units typically range between two dollars+ to three dollars+ per square foot, depending on unit size, location, and amenities. Neighborhood Highlights: This rapidly growing area is experiencing significant development, with new projects enhancing the long-term appreciation potential and increasing demand for commercial and residential spaces. The property is steps from popular restaurants, cafes, and local shops, fostering a dynamic atmosphere. Excellent transit access includes the 66 Chicago Avenue CTA bus stopping at the door and the Chicago Blue Line station just two blocks away, with easy access to I-90/I-94 for added convenience. The thriving West Loop, known for its innovation, dining, nightlife, and commercial developments, is within walking distance. Additionally, the property is directly across from Eckhart Park and Field House, offering green space and community amenities. With strong rental potential, high visibility, and a prime location, this property presents a rare opportunity for investors, business owners, and those seeking a dynamic live/work space in one of Chicago's fastest-growing neighborhoods. Don't miss your chance to own this exceptional mixed-use building in the heart of West Town. Note: Rental rates are based on current market listings as of March 1, 2025, and may vary based on specific unit features and market conditions.

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Rental Active

Price

$ 556,800

Taxes

$ 9,556

Style

Lot Size

0.052342

Year Built

1888

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12448297

Features
General
Cooling Central Air Window Unit(s)
Construction Materials Vinyl Siding Brick
Year Built 1888
Electric Circuit Breakers Separate Meters
Stories Count 2
Township West Chicago
Tax Year 2023
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions Located on the south side of Chicago Ave. west of Elizabeth St.
City Chicago
Number Of Units Total 2
MLS Area CHI - West Town
Lot Size Square Feet 2280
Tax Annual Amount 9556.97
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Lease Type N/A
Standard Status Active
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Interior
Flooring Tile Wood
Total Fireplaces 0
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Exterior
Building Area Total 2080
Lot Dimensions 24X95
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* Excluded Features
List By
Keller Williams Onechicago

Broker

mregalado@kwcommercial.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/16/2025$556,800 Listed Price

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1303 W Chicago Avenue, Chicago, IL, 60642 is a Property for Rent at $556,800 with 2,080 sqft and a lot size of 0.052342. 1303 W Chicago Avenue was built in 1888. The property's zip code is 60642 which is in Chicago, IL