5620 N Western Avenue
Chicago, IL, 60659
$1,199,000
Beds
0 Baths
4,800 SqFt
0 Acres
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$1,199,000
5620 N Western Avenue
Chicago, IL, 60659
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ARCADIA TERRACE INVESTMENT OPPORTUNITY—FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. Rent increases coming in September. ALL TENANTS ARE ON YEARLY LEASES EXCEPT FOR 5822 WHICH IS M-T-M. From left to right it consists of: 5618-gated parking lot/5620 three story mixed use—ALL NEW REHAB– with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW steel back decks, NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed/5622 is a free standing 1 story flexi-core commercial garage—levels can be added—200-amp 3-phase+200amp panel. Tenants in 5620 all expire in 2024, 5620+18 are MTM, rents. Just slightly north of Bryn Mawr and adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater. Easy access to public transportation and Lake Shore Drive.

Property Details

Price:
$1,199,000
MLS #:
MRD12339360
Status:
Active
Beds:
0
Baths:
0
Address:
5620 N Western Avenue
Type:
Commercial
Neighborhood:
CHI – West Ridge
City:
Chicago
Listed Date:
Apr 15, 2025
State:
IL
Finished Sq Ft:
4,800
Total Sq Ft:
4,800
ZIP:
60659
Year Built:
1938

Schools

Interior

Cooling
Central Air
Flooring
Carpet, Wood

Exterior

Construction Materials
Brick
Roof
Rubber

Financial

Net Operating Income
$90,625
Tax Year
2023
Taxes
$24,110
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Debra Dobbs

Debra Dobbs

Realtor®

Phone 312 307-4909

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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disclosure
Courtesy of EXIT Strategy Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Chicago, IL. All rights reserved.
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5620 N Western Avenue
Chicago, IL