Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60612
Western
1012
Avenue
W88° 22' 32.1''
N41° 52' 32''
I-290 to Western S to property Roosevelt Rd to Western N to property Corner of Taylor and Western
CHI - Near West Side
CHI - Near West Side
S
S
COMMR
Additional Information
6678
Circuit Breakers,Service - 101 to 200 Amps
Circuit Breakers,Service - 101 to 200 Amps
40 x 114
6
6
1100000
3
Art of Real Estate LLC
Michael Ramstedt
Financial
12099
Listing Information
127463
87249
MRED
Listing Information
Active
2026-06-02T05:06:03Z
2026-06-02T05:05:28Z
Property Description

First time for sale in 47 years High exposure Taylor/Western T-intersection. Double storefront with 4 residential units and 2 oversized 2-car garages with very high ceilings. Located in the UIC West Campus “Tri-Taylor” neighborhood. Roosevelt Rd is directly south and I-290 is directly north. The Illinois Medical District and the 4 main hospitals i.e. Rush, UIC, Cook County and West Side VA are walking distance directly east. As well as the UIC medical, pharmacy, dental and nursing schools. There are (3) buses Western, Harrison and Roosevelt. And Blue line EL. All in walking distance. And 5 minutes to downtown. This is a huge rental area, due to everything above, and maintains almost full occupancy at all times. With reliable annual rental increases. Very high demand with limited supply. Perfect opportunity for an armchair investor or and owner/operator. Rapidly developing neighborhood with new construction popping up everywhere The storefronts are newly remodeled and rented ($1600) and ($1400) as well as one of the four residential units. ($1600) The other 3 residential units, are older rehab ($1400) and have long term tenants at below market rents. (4) Garage spots rent for $100/ea. Garage is under-rented Current gross income = $9200/mo. ($110,400). Full market rent in current condition = $10,400/mo. ($124,800). Cosmetic upgrade of the (3) older units will = $11,400/mo +/- ($136,800). ^^^ The above numbers are achievable 12-24 months There is also a standing height double basement for storage or other use. As well as a built out interstitial area between building and garage for extra storage/use. Enclosed porches

Commercial Sale For Sale

1012 S Western Avenue, Chicago, Illinois 60612

$1,050,000
Listing ID#12436814
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12436814
Price : $1,050,000
Year Built : 1881
Listing Status : Active
Property Sub Type : Mixed Use
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