This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/29
$1,150,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/29
Property Description
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. Perfect opportunity for an armchair investor or and owner/operator. Rapidly developing neighborhood with new construction popping up everywhere The storefronts are newly remodeled ($1600) and ($1400) as well as one of the four residential units. ($1600) The other 3 residential units ($1400) have long term tenants at below market rents. Gross income reflects assumed market rent for storefronts. We have left them empty for the moment for an owner/operator, but can also rent out, for a straight investor. Gross income of $9200/mo. There is also a standing height double basement for storage or other use. Full occupancy at all times. This is truly a one time, once in a generation purchase opportunity
Full Property Details
Full Property Details for 1012 S Western Ave
General
- Price: $1,150,000
- Taxes: $9,315 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12436814
- Updated: 1/14/2026
- Added to Site: 167 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Sprinklers (Wet)
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: I-290 to Western S to property Roosevelt Rd to Western N to property Corner of Taylor and Western
- Location Details: Downtown Chicago
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 3
- Square Feet: 6,678
- # of Stores: 2
- Year Built: 1881
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 4,560
- Lot Dimensions: 45 x 100
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $6,000
- Security Deposit: Fire Extinguisher/s, Sprinklers-Wet
- Assessment Year: 1881
- Tax Amount: $9,315
- Tax Year: 2023
Disclosures and Reports
- Property ID: 16134240450000
Listed by Art of Real Estate LLC
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 1012 S Western Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Jensen Elementary Scholastic Academy 3030 West Harrison Street, Chicago, IL 60612 | K-8 | 0.9 mi |
Manley Career Academy High School 2935 West Polk Street, Chicago, IL 60612 | 12-11 | 0.7 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 1012 S Western Ave
Date
Details
Price
Change
Source
1/08/2026
Price Reduced
$1,150,000
-4.17%
MLS
8/03/2025
Listed
$1,200,000
—
MLS
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
Tax History for 1012 S Western Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,315
3%
$44,000
—
2022
$9,081
2%
$44,000
—
2021
$8,877
-1%
$44,000
9%
2020
$9,011
-2%
$40,317
-12%
2019
$9,236
2%
$45,815
—
2018
$9,079
8%
$45,815
18%
2017
$8,389
8%
$38,836
—
2016
$7,778
9%
$38,836
—
2015
$7,117
4%
$38,836
5%
2014
$6,856
2%
$36,950
—
2013
$6,720
1%
$36,950
—
2012
$6,631
—
$36,950
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1012 S Western Ave
1012 S Western Avenue, Chicago, IL 60612 (MLS# 12436814) is a Commercial property. 1012 S Western Avenue is currently listed for $1,150,000 and was received on August 03, 2025. Want to learn more about 1012 S Western Avenue? Do you have questions about finding other Commercial real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.

