7359 S Western Avenue Chicago, IL $ 279,900
7359 S Western Avenue
$ 279,900
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7359 S Western Avenue

Chicago, IL, 60636
$ 279,900
Bedrooms-- Baths-- Sq 3,490

Monthly Estimate*

$ 1,723

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Commercial Property for sale in Chicago, IL

for $279,900. This 3,490 square foot building was built in 1921 on a lot size of 0.072107.

Solid mixed-use opportunity in the heart of Chicago Lawn featuring a 2-story brick building with strong income potential and excellent exposure along busy South Western Avenue with high traffic counts. The main level offers a cash-flowing commercial space currently operating as a barber/salon, featuring an open layout, 1 bath, and access to the backyard-ideal for a growing business or continued tenant use. A full unfinished basement provides additional storage and operational flexibility. Upstairs, you'll find a spacious 3-bedroom, 2-bath residential unit, perfect for owner-occupancy or additional rental income. The residential unit benefits from CHA-backed income, offering consistent and reliable cash flow. The property also includes a large backyard and 2-car brick garage, adding convenience, tenant appeal, and overall value. Perfect for investors seeking stable returns or entrepreneurs looking to operate their business while building equity, this property offers flexible use-live upstairs and run your business below, or lease both units for maximum income. Located in a high-visibility corridor with strong neighborhood demand, this is a hybrid investment opportunity combining commercial income with residential stability.

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Commercial Active

Price

$ 279,900

Property Type

Commercial

Taxes

$ 2,743

Style

Lot Size

0.072107

Year Built

1921

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12616286

Features
General
Cooling Window Unit(s)
Construction Materials Brick
Year Built 1921
Electric Circuit Breakers
Tenant Pays Electricity Heat Scavenger Sewer
Stories Count 2
Township Lake
Property Subtype Mixed Use
Tax Year 2023
Gross Income 36916
County Cook
Insurance Expense 150
Property Type Commercial Sale Mixed Use
Status New
Directions Western Ave south to property at 7359 S Western.
City Chicago
Number Of Units Total 2
MLS Area CHI - Chicago Lawn
Lot Size Square Feet 3141
Tax Annual Amount 2743
Electric Expense 100
Fuel Expense 150
Trash Expense 50
Water Sewer Expense 75
Additional Parcels Y/N N
Standard Status Active
Cap Rate 8.2
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Interior
Flooring Carpet Tile
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Exterior
Building Area Total 3490
Lot Dimensions 25x126x25x126
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* Excluded Features
List By
Keller Williams Onechicago

Broker

cierra.thurman@cloud.com; cierra.thurman@kw.com

Email

Affordability Calculator

$1,952
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,723
Monthly Property Taxes
$229
Monthly Home Insurance
--
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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2026$279,900 Listed Price

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7359 S Western Avenue, Chicago, IL, 60636 is a Commercial Property for sale at $279,900 with 3,490 sqft and a lot size of 0.072107. 7359 S Western Avenue was built in 1921. The property's zip code is 60636 which is in Chicago, IL