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Listing provided courtesy of Art of Real Estate LLCMREDas Distributed by MLSGrid- MLS# 12436814MLS Provider

1012 S Western AvenueChicago, IL 60612

Commercial · 6,678 Sq. ft.
$1,050,000 Active

1012 S Western Avenue Overview

Time on Site:
330 days
Visits:
3

First time for sale in 47 years High exposure Taylor/Western T-intersection. Double storefront with 4 residential units and 2 oversized 2-car garages with very high ceilings. Located in the UIC West Campus Tri-Taylor neighborhood. Roosevelt Rd is directly south and I-290 is directly north. The Illinois Medical District and the 4 main hospitals i.e. Rush, UIC, Cook County and West Side VA are walking distance directly east. As well as the UIC medical, pharmacy, dental and nursing schools. There are (3) buses Western, Harrison and Roosevelt. And Blue line EL. All in walking distance. And 5 minutes to downtown. This is a huge rental area, due to everything above, and maintains almost full occupancy at all times. With reliable annual rental increases. Very high demand with limited supply. Perfect opportunity for an armchair investor or and owner/operator. Rapidly developing neighborhood with new construction popping up everywhere The storefronts are newly remodeled and rented ($1600) and ($1400) as well as one of the four residential units. ($1600) The other 3 residential units, are older rehab ($1400) and have long term tenants at below market rents. (4) Garage spots rent for $100/ea. Garage is under-rented Current gross income = $9200/mo. ($110,400). Full market rent in current condition = $10,400/mo. ($124,800). Cosmetic upgrade of the (3) older units will = $11,400/mo +/- ($136,800). ^^^ The above numbers are achievable 12-24 months There is also a standing height double basement for storage or other use. As well as a built out interstitial area between building and garage for extra storage/use. Enclosed porches

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1012 S Western Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 6,678
  • Price/Sq.ft. $157

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 110400
  • Gross Scheduled Income: 91485
  • Insurance Expense: 6000
  • Trash Expense: 0
  • Water Sewer Expense: 3600

Building Information

  • Year Built: 1881

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near West Side

Tax Information

  • Tax Annual Amount: $12,099.00
  • Tax Year: 2024

General Information

  • Parcel Number: 16134240450000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 6678

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 40 x 114
  • Lot Size Square Feet: 4560

General Information

  • Number Of Units Total: 6

1012 S Western Avenue Neighborhood

Community

60612 (Chicago) Demographics

34
Median Age
8,600
Population Density (per sq. mile)
45%
College Educated
$44,538
Estimated Median Income
3,770
Estimated Total Home Owners
9,430
Estimated Total Renters
29% / 71%
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.

1012 S Western 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.

1012 S Western Avenue Market Data

Based on the last 30 days in this zip code

$595,193
Average List Price
$390
Average Price per Square Foot
18
Properties Sold
93
Average Days on Market
77
Properties for Sale
Calculations provided by Reliance Network

1012 S Western Avenue History

Date Event Value Agent
6/1/2026Source: MRED Status Change
Active
5/27/2026Source: MRED Price Reduction
$1,050,000 -4.5%
5/27/2026Source: MRED Status Change
Price Change
5/2/2026Source: MRED Status Change
Active
4/27/2026Source: MRED Price Reduction
$1,100,000 -4.3%
4/27/2026Source: MRED Status Change
Price Change
1/13/2026Source: MRED Status Change
Active
1/8/2026Source: MRED Price Reduction
$1,150,000 -4.2%
1/8/2026Source: MRED Status Change
Price Change
1/7/2026Source: MRED Status Change
Active
1/2/2026Source: MRED Status Change
Re-activated
8/8/2025Source: MRED Status Change
Active
8/3/2025Source: MRED Added to Database
August 03, 2025