Chicago, IL 60622 1538 N Western Avenue

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Presented By: eXp Realty
  • MLS# 12434548
  • 08/07/2025
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  • SQFT • 3,270

Home Details

Turnkey, mixed-use winner in prime Bucktown-ideal for an investor or a live-in owner who wants income from day one. Street-level retail is leased to long-term Mega Locksmith (with finished basement space incl. bathroom, laundry & sump); Mega would like to sign a 10 year lease, talk about a great anchor tenant; two 2BR/1BA apartments above are well-kept and leased (~2 yrs & ~5 yrs). Major building updates: electric, plumbing & HVAC ~3 yrs, office interior refreshed ~3 yrs, windows ~5 yrs, roof ~10 yrs. On-site alarm (operated by retail). Low operating expenses and stable tenancy = immediate, durable cash flow. Unbeatable location near The 606/Bloomingdale Trail, Damen/Milwaukee/North shops, and the Damen Blue Line-perfect for renters and future appreciation. Walk to neighborhood favorites like Le Bouchon, Small Cheval, Piece Brewery, The Map Room, Ipsento, and The Robey rooftop; minutes to galleries, boutiques, and the Bucktown/Wicker Park festival scene. Surrounded by ongoing residential rehabs and retail refreshes along the corridor. Live in one unit and let the other units (plus the retail) help take care of the mortgage-or hold as a low-touch, cash-flowing asset in a high-demand rental pocket.
Presented By: eXp Realty

General for 1538 N Western Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
DirectionsSouth of North Ave. - Westside of Western Ave.
ElectricCircuit Breakers, Service - 101 to 200 Amps
Electric Expense1152
Fuel Expense984
Gross Income5900
Insurance Expense2670
Lot Size Square Feet2750
MLS AreaCHI - West Town
ModificationTimestamp2025-10-01T05:07:12.624Z
Net Operating Income54856
Number Of Units Total3
Operating Expense15944
PossessionClosing
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount9506
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
Total Actual Rent2500
TownshipWest Chicago
Trash Expense432
Water Sewer Expense600
Year Built1911
ZoningCOMMR

Exterior for 1538 N Western Avenue

Building Area Total3270
Lot Dimensions25x110

Additional Details

Price History

Client Care

Price $995,000
MLS#12434548
List Date 08/07/2025
Property Type Commercial
Phone 847.485.2500
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