1303 W Chicago Ave, Chicago, IL — Sale in Chicago, IL

  • Price: $557K
  • Listing type: For sale
  • Asset type: Business
  • Location: Chicago, IL 60642
  • Size: 2,174 SF
  • Year built: 1888

Investment Figures

Price per square foot
$256
Price per unit
$278,400 across 2 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

West Town Mixed-Use Asset | Retail & Residential Investment Opportunity KW Commercial is pleased to present the rare opportunity to acquire 1303 W Chicago Avenue, a highly visible mixed-use building located in the heart of Chicago’s thriving West Town neighborhood. Strategically positioned along the vibrant Chicago Avenue corridor—just steps from the Chicago Blue Line CTA station and adjacent to Milwaukee Avenue—this asset offers investors and owner-users alike an exceptional opportunity in one of the city’s most dynamic urban submarkets. Investment Highlights Prime Location Across from Eckhart Park with direct access to public transit, premier neighborhood amenities, and dense pedestrian and vehicular traffic. Value-Add or Owner-User Potential: Ideal for investors seeking stable, long-term income or business owners looking for a flagship retail location with integrated residential. Strong Submarket Fundamentals: Located in a high-demand, development-rich corridor with significant appreciation potential and evolving tenant demand. Retail Component ±1,100 SF of street-level commercial space featuring 11-foot ceiling heights, original wood floors, and white tin ceilings—a character-rich environment perfect for creative and boutique uses. Zoned B1-2, allowing for a broad range of commercial uses including: Boutique retail & showrooms Art galleries & creative studios Specialty cafés, juice bars, and wellness services Tattoo, beauty, or photography/content production studios Formerly a photography studio complete with a dedicated dark room—ideal for artistic and media-oriented tenants. Comparable retail rents in the immediate area average $29.00 PSF, with MG or NNN lease structures common. Typical lease terms in the corridor begin at five years, offering long-term income stability. Residential Component Spacious second-floor two-bedroom, one-bathroom residence overlooking Chicago Avenue with original hardwood floors, full HVAC (forced heat & AC), and separate dining and

Market Context

This commercial property in Chicago, IL is listed for sale at $556,800 across 2,174 SF ($256/SF). The building dates to 1888. It has been on the market for 72 days. Compare it against other commercial property listings for sale in Chicago, IL — view the full market.

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