1659 W Chicago Avenue Chicago, IL ^$ 589,000

1659 W Chicago Avenue

^$ 589,000

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1659 W Chicago Avenue

Chicago, IL, 60622

^$ 589,000

Bedrooms-- Baths-- Sq 24,000

1659 W Chicago Avenue, Chicago, IL 60622 - Image 1

1659 W Chicago Avenue, Chicago, IL 60622 - Image 2

1659 W Chicago Avenue, Chicago, IL 60622 - Image 3

Property for Rent in Chicago, IL

for $589,000. This 24,000 square foot property was built in 1984 on a lot size of 0.281221.

1,730 SF corner storefront on high-traffic Chicago Avenue * B1-2 zoning with flexible use potential * Two ADA-compliant restrooms * Strong visibility with excellent signage/branding opportunity * No HOA or assessments. * Ideal for owner-user or investment, supported by dense surrounding residential base. Excellent candidate for 1031 Approximate good cap rate.

Rental Active

Price

^$ 589,000

Taxes

^$ 12,944

Style

Commercial

Lot Size

0.281221

Year Built

1984

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12628785

Features

General

Cooling Central Air

Utilities Electric to Site Natural Gas Available Sewer Connected Water Available

Zoning COMMR

Construction Materials Brick

Year Built 1984

Electric Circuit Breakers Separate Meters

Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Taxes

Stories Count 4

Property Subtype Condominium

Tax Year 2024

Current Use Commercial

Assoc Fee Paid Per Not Applicable

County Cook

Net Operating Income 44160

Property Type Commercial Sale Retail/Stores

Status Active

Directions Ashland Ave to Chicago Ave West to 1659 W. Chicago Ave

City Chicago

Number Of Units Total 1

MLS Area CHI - West Town

Lot Size Square Feet 12250

Tax Annual Amount 12944.11

Additional Parcels Y/N N

Leasable Area 1720

Lease Type Net

Standard Status Active

Cap Rate 7.5

Exterior

Building Area Total 24000

Lot Dimensions 100x125

Frontage Type City Street

* Excluded Features

List By

Chicago Real Estate Resources

Broker

michaelw@crer.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
4/24/2026	$589,000		Listed Price

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1659 W Chicago Avenue, Chicago, IL, 60622 is a Property for Rent at $589,000 with 24,000 sqft and a lot size of 0.281221. 1659 W Chicago Avenue was built in 1984. 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 6/5/2026.

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1659 W Chicago Avenue

Property for Rent in Chicago, IL

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