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$649,900
Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12519059
Year Built 1956
Annual Tax Amount $7,372
Tax Year 2023
Lot Dimensions .172
Property Sub-Type Mixed Use
Property Description
Welcome to 10831 Western Ave, a prime mixed-use investment property located on highly visible Western Ave. This well maintained building features three residential units above a versatile commercial space. Residential Units (Approx. $3,880/mo total rent): Unit 1 (Front): Loft-style apartment w/ upper-level bedroom + half bath; MTM lease. Unit 2 (Middle): 1 bed/1 bath; leased through June 2026. Unit 3 (Rear): 2 bed/1 bath; MTM lease. Strong rental income with reliable tenants in place. The Commercial Space Formerly a long-standing dental practice owned by only two practitioners. The practices are now closed and the large, open lower level is ready for conversion to a professional office, medical/med spa, retail, or divisible rental suites. This is an excellent opportunity for business owners or investors. Additional Features include, high-traffic location with great visibility, a historic facade with solid structure, proximity to shops, restaurants, and public transit, and flexible zoning and multiple use options. This is ideal for investors seeking stable income with upside or owner-operators looking for a customizable commercial footprint. There is 1 furnace, forced heating and air that is connected for the offices. Then there are 3 boilers for each upstairs apartment, and the 2 water heater tanks are serviced for the offices and all units. There are a total of 4 total gas meters and 4 electrical meters for the units and office. Showings will be blocked for Wednesdays 10am-7pm and Saturdays 10am-7pm ONLY to be respectful of the tenants. Please request showings 48 hours in advance. Thank you!
Location
State IL
County Cook
Area Chi - Morgan Park
Interior
Cooling Central Air
Flooring Carpet, Vinyl
Fireplaces Number 1
Fireplace Y
Exterior
Utilities Available Electric to Site, Natural Gas Available, Water Available
Roof Type Tar/Gravel
Building
Dwelling Type Mixed Use
Structure Type Brick/Stone Msn Pred
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Carly Trinley of Listing Leaders Northwest, Inc
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CROSSTOWN REALTORS
Owner | License ID: 471019341