5015 N Western Avenue Chicago, IL $ 550,000
5015 N Western Avenue
$ 550,000
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5015 N Western Avenue

Chicago, IL, 60625
$ 550,000
Bedrooms-- Baths-- Sq 2,407

Monthly Estimate*

$ 3,431

5015 N Western Avenue, Chicago, IL 60625 - Image 1
5015 N Western Avenue, Chicago, IL 60625 - Image 2

Commercial Property for sale in Chicago, IL

for $550,000. This 2,407 square foot building was built in 1907 on a lot size of 0.058494.

Outstanding investment opportunity in Lincoln Square! This well-maintained mix use building is a rare find in one of Chicago's most desirable neighborhoods. Main level is a doggie day care and grooming studio and upstairs is a 2-bedroom apartment that features separate living and dining rooms, updated kitchen and bathroom, in unit laundry and separate utilities-making property management simple and tenant turnover seamless. Just steps from the Brown Line, Winnemac Park, and the vibrant Lincoln Square corridor filled with shops, restaurants, and nightlife. The area continues to grow, with new condo developments nearby boosting long-term property value and rental demand. Additional features include: rear patio - perfect for shared outdoor space and detached 2 story 2-car garage for added rental income or owner use. Bonus: The adjacent property at 5011 N Western is also available - offering a unique chance to acquire side-by-side buildings in a thriving location. Ideal for investors looking to expand their portfolio with value-add opportunities in a high-demand area. Per City of Chicago B3-3 zoning.

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Commercial Active

Price

$ 550,000

Property Type

Commercial

Taxes

$ 7,894

Style

Lot Size

0.058494

Year Built

1907

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12480260

Features
General
Cooling Central Air
Year Built 1907
Electric Circuit Breakers
Stories Count 2
Township Lake View
Property Subtype Mixed Use
Tax Year 2024
Gross Income 43200
County Cook
Insurance Expense 2945
Property Type Commercial Sale Mixed Use
Status Active
Directions On Western between Foster and Lawrence on east side of street
City Chicago
Number Of Units Total 2
MLS Area CHI - Lincoln Square
Lot Size Square Feet 2548
Tax Annual Amount 7894.39
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 920
Additional Parcels Y/N N
Standard Status Active
Total Actual Rent 3600
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Exterior
Building Area Total 2407
Lot Dimensions 26x99
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* Excluded Features
List By
Re/Max Premier

Broker

merakordic@hotmail.com

Email

Affordability Calculator

$4,089
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,431
Monthly Property Taxes
$658
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
9/24/2025$550,000 Listed Price

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5015 N Western Avenue, Chicago, IL, 60625 is a Commercial Property for sale at $550,000 with 2,407 sqft and a lot size of 0.058494. 5015 N Western Avenue was built in 1907. The property's zip code is 60625 which is in Chicago, IL