10835 S Western Ave - Apartments FOR SALE


Chicago, IL 60643- Morgan Park
$649,900 USD
219-961-5478
10835 S Western Ave, Chicago, IL for Sale
$649,900 USD
Apartments - FOR SALE
1/68
null | Request Cap Rate

10835 S Western Ave
Chicago, IL 60643
Morgan Park


HIGHLIGHTS

  • Ideal for investors seeking stable income with upside or owner-operators looking for a customizable commercial footprint.
  • Strong rental income with reliable tenants in place.
  • Buyer to confirm year built and dimensions
  • Please request showings 48 hours in advance. Thank you!

OVERVIEW

Welcome to 10835 Western Ave, a prime mixed-use investment property located on highly visible Western Ave. This well-maintained building features three residential units above a versatile commercial space. Residential Units (Approx. $3,880/mo total rent): Unit 1 (Front): Loft-style apartment with upper-level bedroom + half bath; MTM lease Unit 2 (Middle): 1 bed / 1 bath; leased through June 2026 Unit 3 (Rear): 2 bed / 1 bath; MTM lease Strong rental income with reliable tenants in place. The Commercial Space, formerly a long-standing dental practice owned by two practitioners, is now closed and the large, open lower level is ready for conversion to a professional office, medical/med spa, retail, or divisible rental suites. This is an excellent opportunity for business owners or investors. Additional Features: High-traffic location with great visibility Historic façade with solid structure Proximity to shops, restaurants, and public transit Flexible zoning and multiple use options Ideal for investors seeking stable income with upside or owner-operators looking for a customizable commercial footprint. There is 1 furnace, forced heating and air connected for the offices. There are 3 boilers for each upstairs apartment, and the 2 water heater tanks are serviced for the offices and all units. There are a total of 4 gas meters and 4 electrical meters for the units and office. Buyer to confirm year built and dimensions. Showings will be blocked for Wednesdays 10am–7pm and Saturdays 10am–7pm ONLY to be respectful of the tenants. Please request showings 48 hours in advance. Thank you!

FOR SALE DETAILS

PRICE

$649,900 USD

PRICE/SF

$134 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,633

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Multi Family B1-1

APN/PARCEL ID

25-18-305-027-0000

ASK ABOUT THIS PROPERTY

Carly TrinleyListing Leaders NWMore Info
219-961-5478

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Carly TrinleyListing Leaders NWMore Info
219-961-5478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.