1538 N Western Avenue
Chicago, IL, 60622
$1,150,000
Beds
0 Baths
0 SqFt
0 Acres
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$1,150,000
1538 N Western Avenue
Chicago, IL, 60622
MLS #MRD12434548 img 0
Turnkey, mixed-use winner in prime Bucktown-ideal for an investor or a live-in owner who wants income from day one. Street-level retail is leased to long-term Mega Locksmith (with finished basement space incl. bathroom, laundry & sump); Mega would like to sign a 10 year lease, talk about a great anchor tenant; two 2BR/1BA apartments above are well-kept and leased (~2 yrs & ~5 yrs). Major building updates: electric, plumbing & HVAC ~3 yrs, office interior refreshed ~3 yrs, windows ~5 yrs, roof ~10 yrs. On-site alarm (operated by retail). Low operating expenses and stable tenancy = immediate, durable cash flow. Unbeatable location near The 606/Bloomingdale Trail, Damen/Milwaukee/North shops, and the Damen Blue Line-perfect for renters and future appreciation. Walk to neighborhood favorites like Le Bouchon, Small Cheval, Piece Brewery, The Map Room, Ipsento, and The Robey rooftop; minutes to galleries, boutiques, and the Bucktown/Wicker Park festival scene. Surrounded by ongoing residential rehabs and retail refreshes along the corridor. Live in one unit and let the other units (plus the retail) help take care of the mortgage-or hold as a low-touch, cash-flowing asset in a high-demand rental pocket.

Property Details

Price:
$1,150,000
MLS #:
MRD12434548
Status:
Active
Beds:
0
Baths:
0
Address:
1538 N Western Avenue
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – West Town
City:
Chicago
Listed Date:
Aug 7, 2025
State:
IL
Total Sq Ft:
3,270
ZIP:
60622
Year Built:
1911

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$54,856
Tax Year
2023
Taxes
$9,506
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1538 N Western Avenue
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