1531 Western Avenue Chicago Heights, IL ^$ 696,000

1531 Western Avenue

^$ 696,000

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1531 Western Avenue

Chicago Heights, IL, 60411

^$ 696,000

Bedrooms-- Baths-- Sq 17,206

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Property for Rent in Chicago Heights, IL

for $696,000. This 17,206 square foot property was built in 1953 on a lot size of 3.25999.

Large 7-unit Commercial Space situated in a high traffic area with more than 3 acres that can be used for expansion. Many long-term tenants include Harold's Chicken, a Cell phone store and hair businesses. The property offers 40 parking spaces, central air and great exposure for tenants.

Rental Active

Price

^$ 696,000

Taxes

^$ 125,248

Style

Retail

Lot Size

3.25999

Year Built

1953

Town/City

Chicago Heights

County/Region

Cook

MLS | Web ID

12484062

Features

General

Cooling Central Air Zoned

Utilities Electric to Site Natural Gas Available Sewer Connected

Possession Closing Immediate

Zoning COMMR

Construction Materials Brick Glass

Year Built 1953

Electric Circuit Breakers Separate Meters Service - 201 to 600 Amps Over 600 Amps

Tenant Pays Air Conditioning Electricity Heat

Stories Count 1

Township Rich

Tax Year 2023

Current Use Commercial

Gross Income 217094

Business Type Retail

Assoc Fee Paid Per Not Applicable

County Cook

Net Operating Income 47646

Operating Expense 169448

Insurance Expense 4600

Property Type Commercial Sale Retail/Stores

Status Active

Directions E / W to Western N /S to address

City Chicago Heights

Number Of Units Total 7

MLS Area Chicago Heights

Lot Size Square Feet 142005

Tax Annual Amount 125248

Electric Expense 1800

Fuel Expense 1800

Trash Expense 2800

Water Sewer Expense 3000

Additional Parcels Y/N N

Leasable Area 6000

Lease Type Gross

Standard Status Active

Cap Rate 13

Exterior

Water Source Municipal Water

Building Area Total 17206

Lot Dimensions 3.26

Frontage Type Private Road Public Road

* Excluded Features

List By

Coldwell Banker Realty

Broker

xxcommon@live.com

Nearby

Trends
Schools

About Chicago Heights, IL

28,555 Population

-13% Since 2002

^$41,092 Median Income

33.84 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/8/2025	$696,000	-0.14%	Price Down
10/20/2025	$697,000	-0.14%	Price Down
9/30/2025	$698,000		Listed Price

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1531 Western Avenue, Chicago Heights, IL, 60411 is a Property for Rent at $696,000 with 17,206 sqft and a lot size of 3.25999. 1531 Western Avenue was built in 1953. The property's zip code is 60411 which is in Chicago Heights, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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Data is updated as of 12/22/2025.

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1531 Western Avenue

Property for Rent in Chicago Heights, IL

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