Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of Landmark RealtorsMREDas Distributed by MLSGrid- MLS# 12631427MLS Provider

1047 N Western Avenue #1Chicago, IL 60622

Commercial
$849,900 Active

1047 N Western Avenue #1 Overview

Time on Site:
63 days
Visits:
6

Prime Investment Opportunity in the Heart of Ukrainian Village! Well-maintained mixed-use property located in one of Chicago's most desirable neighborhoods. This income-producing building features a fully leased retail storefront on the ground level and two residential apartments on the 2nd and 3rd floors - both currently rented, offering immediate cash flow. Situated on high-visibility N Western Ave, this property benefits from strong foot and vehicle traffic, making it ideal for long-term investment or future value appreciation. The residential units provide steady rental income, while the commercial space adds diversification to your portfolio. Unbeatable location in vibrant Ukrainian Village, surrounded by restaurants, cafes, shops, and convenient access to public transportation. Perfect for investors seeking a turnkey property in a prime Chicago location!

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

1047 N Western Avenue #1 Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Existing Lease Type: Modified Gross
  • Fuel Expense: 0
  • Gross Income: 69000
  • Gross Scheduled Income: 69000
  • Insurance Expense: 4500
  • Net Operating Income: 0
  • Operating Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1914

Business Information

  • Current Use: Condominium

Location/Region

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

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Varies by Tenant

Tax Information

  • Tax Annual Amount: $16,200.00
  • Tax Year: 2024

General Information

  • Parcel Number: 17063080020000
  • Possible Use: Retail
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Fireplaces Total: 0
  • Flooring: Wood
  • Foundation Details: Concrete Perimeter
  • Stories: 3

Unit Information

  • Unit Number: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 25x125
  • Lot Size Square Feet: 3120

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 4

1047 N Western Avenue #1 Neighborhood

Community

60622 (CHICAGO) Demographics

32
Median Age
21,403
Population Density (per sq. mile)
75%
College Educated
$106,128
Estimated Median Income
9,607
Estimated Total Home Owners
14,690
Estimated Total Renters
40% / 60%
Estimated Owner / Renter Divide
2
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.

1047 N Western Avenue #1 Monthly Cost

$
$ %
%
$
$
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.

1047 N Western Avenue #1 Market Data

Based on the last 30 days in this zip code

$864,928
Average List Price
$719
Average Price per Square Foot
65
Properties Sold
37
Average Days on Market
143
Properties for Sale
Calculations provided by Reliance Network

1047 N Western Avenue #1 History

Date Event Value Agent
5/2/2026Source: MRED Status Change
Active
4/27/2026Source: MRED Added to Database
April 27, 2026