1012 S Western Avenue, Chicago, IL 60612
Cook County
Key Facts
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
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1881
Stories
3
Living Area
6,678 sq ft
Lot Size
4,560 sq ft
Lot Dimensions
40 x 114
Zoning
COMMR
Days on Market
304
MLS® Listing#
12436814
Property Features
Cooling
Financial Details
Annual Taxes
$12,099
Tax year 2024
Parcel Number
16134240450000
Directions
I-290 to Western S to property Roosevelt Rd to Western N to property Corner of Taylor and Western
Affordability Calculator
$210,000
Estimated monthly payment
$5,589/mo
Principal $840,000 · Est. interest $1,171,875 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $389,049
- Median Listing Price
- 46
- Median Days on Market
- 1,422
- Median Sq Ft
- $277
- Median Price / Sq Ft
- 4,620
- Active Listings
- This home’s price is 170% above the area median.
- Its price per sq ft is 43% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
- 1012 S Western Avenue, Chicago, IL 60612
Getting Around
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Irving Elementary School
Elementary · 0.3 mi away
Nancy B Jefferson Alternative School
Secondary · 0.3 mi away
Ombudsman Educational Services
Secondary · 0.4 mi away
Chalmers School of Excellence
Elementary · 0.5 mi away
Rush Day School
School · 0.5 mi away
Laurance Armour Day School
Elementary · 0.5 mi away
Crane Technical Prep High School
Secondary · 0.6 mi away
Il Center for Rehab & Educ-R
School · 0.6 mi away
Chicago Public Schools
Elementary · 0.6 mi away
Children of Peace School
Elementary · 0.6 mi away
Plamondon Elementary School
Elementary · 0.7 mi away
Manley Career Academy High School
Secondary · 0.7 mi away
Phoenix Military Academy
School · 0.7 mi away
Kellman Corporate Community Elementary
Elementary · 0.7 mi away
Altus Academy
School · 0.7 mi away
Victor Herbert Elementary
Elementary · 0.8 mi away
Chicago Public Schools
School · 0.8 mi away
Collins Academy High School
Secondary · 0.8 mi away
Chicago Bulls College Prep
Secondary School · 0.8 mi away
Chicago Public Schools
Elementary · 0.8 mi away
Commute Calculator
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|---|---|---|---|---|
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| 4903 N Moody Avenue, Chicago, IL | $739,000 | 3 | 3 | 2,192 |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Art of Real Estate LLC - 3129522894
Last Updated: 2025-08-03