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$696,000

  • For Sale
  • Active
  • Commercial
  • 17,206 Sq. Ft.
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Large 7-unit Commercial Space situated in a high traffic area with more than 3 acres that can be used for expansion. Many long-term tenants include Harold's Chicken, a Cell phone store and hair businesses. The property offers 40 parking spaces, central air and great exposure for tenants.

Full Property Details for 1531 Western Ave

General

  • Price: $696,000
  • Taxes: $125,248 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12484062
  • Updated: 12/14/2025
  • Added to Site: 113 day(s) ago

Business

  • Business Type: Retail

Location

  • Area: Chicago Heights
  • County: Cook
  • Township: Rich
  • Driving Directions: E / W to Western N /S to address
  • Location Details: Mixed-Use Area, Public Transport Avail, In City Limits, High Traffic Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning, Zoned
  • Heating Type: Ceiling Units, Central Heat/Individual Controls, Electric, Forced Air, Gas

Utilities

  • Water: Municipal Water
  • Trash: 2800
  • Onsite: Electricity to Site, Natural Gas Available, Sewer Connected

Structural Information

  • Construction: Brick, Glass
  • Exterior Const.: Brick, Glass
  • Ceiling Height: 28
  • Stories/Levels: 1
  • Square Feet: 17,206
  • Current Bldg. Use: Commercial
  • Year Built: 1953

Unit Information

  • # Tenants: 4

Lot Features

  • Lot Size (Sq. Ft.): 142,005
  • Lot Dimensions: 3.26
  • Frontage: Private Road, Public Road
  • Drainage: Floor Drains
  • Zoning: COMMR

Financial Considerations

  • Lease Price: $1
  • For Sale/Rent/Lease: For Sale or Rent
  • Insurance Fee: $4,600
  • Operating Expenses: $169,448
  • Assessment Year: 1953
  • Tax Amount: $125,248
  • Tax Year: 2023
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Pays Electric: 1800
  • Pays Trash: 2800

Disclosures and Reports

  • Property ID: 32193120140000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 1531 Western Ave —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1531 Western Ave

School Districts:Chicago Heights School District 170, Bloom Township High School District 206
NameGradesDistance
Wilson Elementary School, Chicago Heights, IL
422 West 16th Place, Chicago Heights, IL 60411
K-80.7 mi
Bloom High School
101 West 10th Street, Chicago Heights, IL 60411
9-121.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1531 Western Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/08/2025
Price Reduced
$696,000
-0.14%
MLS
10/20/2025
Price Reduced
$697,000
-0.14%
MLS
9/30/2025
Listed
$698,000
229.25%
MLS
6/09/2022
Sold
$212,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1531 Western Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$125,248
68%
$235,596
100%
2022
$74,361
14%
$117,651
9%
2021
$65,394
-5%
$107,745
-8%
2020
$69,135
-10%
$117,651
-11%
2019
$76,411
44%
$132,678
37%
2018
$52,983
-16%
$96,770
-19%
2017
$62,837
27%
$120,058
30%
2016
$49,500
-8%
$92,313
-9%
2015
$53,729
12%
$101,346
11%
2014
$48,087
-17%
$91,523
-20%
2013
$58,195
3%
$115,020
—
2012
$56,553
—
$115,362
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1531 Western Avenue, Chicago Heights, IL 60411 (MLS# 12484062) is a Commercial property. 1531 Western Avenue is currently listed for $696,000 and was received on September 30, 2025. This property is listed by Don Robinson from our Hyde Park Office.Want to learn more about 1531 Western Avenue? Do you have questions about finding other Commercial real estate for sale in Chicago Heights? You can browse all Chicago Heights real estate or contact a Coldwell Banker agent to request more information.

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