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Listing provided courtesy of HomeSmart Realty GroupMREDas Distributed by MLSGrid- MLS# 12446194MLS Provider

5941 W Chicago AvenueChicago, IL 60651

Commercial
$449,000 Active

5941 W Chicago Avenue Overview

Time on Site:
319 days
Visits:
6

Great Investment property! Newly remodeled apartments and businesses are clean and operational. Generates over $4k a month, super low taxes and very minimal maintenance expenses.

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5941 W Chicago Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 800
  • Fuel Expense: 0
  • Gross Income: 4400
  • Gross Scheduled Income: 48000
  • Insurance Expense: 1000
  • Trash Expense: 400
  • Water Sewer Expense: 500

Building Information

  • Year Built: 1916

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Austin
  • Township: West Chicago

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat

Tax Information

  • Tax Annual Amount: $4,895.00
  • Tax Year: 2022

General Information

  • Parcel Number: 16082000070000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25X20
  • Lot Size Square Feet: 4680

General Information

  • Number Of Units Total: 4

5941 W Chicago Avenue Neighborhood

Community

60651 (Chicago) Demographics

34
Median Age
18,218
Population Density (per sq. mile)
22%
College Educated
$41,107
Estimated Median Income
8,812
Estimated Total Home Owners
11,120
Estimated Total Renters
44% / 56%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5941 W Chicago Avenue Monthly Cost

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$ %
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$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5941 W Chicago Avenue Market Data

Based on the last 30 days in this zip code

$380,393
Average List Price
$220
Average Price per Square Foot
12
Properties Sold
72
Average Days on Market
45
Properties for Sale
Calculations provided by Reliance Network

5941 W Chicago Avenue History

Date Event Value Agent
8/20/2025Source: MRED Status Change
Active
8/15/2025Source: MRED Added to Database
August 15, 2025