1047 N Western Avenue # 1 Chicago, IL ^$ 849,900

1047 N Western Avenue # 1

^$ 849,900

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1047 N Western Avenue # 1

Chicago, IL, 60622

^$ 849,900

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Property for Rent in Chicago, IL

for $849,900. This property was built in 1914 on a lot size of 0.071625.

Prime Investment Opportunity in the Heart of Ukrainian Village! Well-maintained mixed-use property located in one of Chicago's most desirable neighborhoods. This income-producing building features a fully leased retail storefront on the ground level and two residential apartments on the 2nd and 3rd floors - both currently rented, offering immediate cash flow. Situated on high-visibility N Western Ave, this property benefits from strong foot and vehicle traffic, making it ideal for long-term investment or future value appreciation. The residential units provide steady rental income, while the commercial space adds diversification to your portfolio. Unbeatable location in vibrant Ukrainian Village, surrounded by restaurants, cafes, shops, and convenient access to public transportation. Perfect for investors seeking a turnkey property in a prime Chicago location!

Rental Active

Price

^$ 849,900

Taxes

^$ 16,200

Style

Condominium

Lot Size

0.071625

Year Built

1914

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12631427

Features

General

Cooling Central Air

Possession Closing

Construction Materials Brick

Year Built 1914

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Heat Varies by Tenant

Stories Count 3

Township West Chicago

Unit Number 1

Property Subtype Mixed Use

Tax Year 2024

Current Use Condominium

Gross Income 69000

County Cook

Net Operating Income 0

Operating Expense 0

Insurance Expense 4500

Property Type Commercial Sale Mixed Use

Possible Use Retail

Status New

Directions Western ave between Augusta and Division

City Chicago

Number Of Units Total 4

MLS Area CHI - West Town

Lot Size Square Feet 3120

Tax Annual Amount 16200

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Lease Type Modified Gross

Standard Status Active

Interior

Flooring Wood

Total Fireplaces 0

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 25x125

Frontage Type City Street

* Excluded Features

List By

Landmark Realtors

Broker

apikula.realtor@gmail.com

Nearby

Trends
Schools

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% 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
4/28/2026	$849,900		Listed Price

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1047 N Western Avenue # 1, Chicago, IL, 60622 is a Property for Rent at $849,900 with a lot size of 0.071625. 1047 N Western Avenue # 1 was built in 1914. The property's zip code is 60622 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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 5/1/2026.

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1047 N Western Avenue # 1

Property for Rent in Chicago, IL

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