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
Property Details
Price:
$1,100,000
MLS #:
MRD12436814
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chinearwestside
Listed Date:
Aug 3, 2025
Total Sq Ft:
6,678
Year Built:
1881
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Stories
3
Financial
Tax Year
2024
Taxes
$12,099
Map
Community
- Address1012 S Western Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60612
Market Summary
Current real estate data for Commercial in Chicago as of May 15, 2026
899
Commercial Listed
189
Avg DOM
$1,023,221
Avg List Price
Property Summary
- 1012 S Western Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60612. It is listed for $1,100,000
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1012 S Western Avenue
Chicago, IL


