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$625,000
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Property Description
Opportunity calls with this mixed-use brick building located in the heart of Ukrainian Village on a vibrant stretch of Western Ave. Striking blond brick exterior exterior with large windows that showcases the art gallery that has been the long-time occupant. The commercial gallery space is spacious and well-lit featuring high ceilings, track lighting, and excellent wall space that serves as the perfect backdrop for showcasing artwork. Above the storefront you'll find an owner's unit, stylish three-bedroom, one-bathroom apartment renovated with a contemporary aesthetic, featuring formal living and dining room, fully renovated kitchen and stylish shared bath. Large windows flood the apartment with natural light, high-end finishes hardwood floors, quartz countertops, and stainless steel appliances add a touch of luxury. There is an two bed one bath coachouse unit that has long been used as a visiting artist space with a bonus unfinished loft space that could be monetized. This versatile space can be customized to suit various uses, such as a creative studio, a co-working space or the 2/1 apartment can be duplexed providing endless possibilities for generating revenue. The coach house is situated over an oversized two car garage.
Full Property Details
Full Property Details for 1016 N Western Ave
General
- Sold For: $625,000
- Taxes: $9,936 (2021)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 11902360
- Added to Site: 873 day(s) ago
Interior
- Flooring: Carpet, Wood
Additional Information
- Security/Safety: Other
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Western Ave just North of Augusta Blvd
- Location Details: Chicago North, Mixed-Use Area
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air, Gas
Structural Information
- Sub-Flooring: Carpet, Wood
- Stories/Levels: 3
- # of Stores: 1
- Year Built: 1906
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 24 x 110
- Frontage: City Street
- Potential Use: Commercial, Condominium, Office and Research, Multi-Family
- Zoning: OTHER
Financial Considerations
- Operating Expenses: $14,288
- Security Deposit: Other
- Assessment Year: 1906
- Tax Amount: $9,936
- Tax Year: 2021
- Tenant Pays: Electricity, Heat, Other
Disclosures and Reports
- Property ID: 16014150400000
Listed by North Clybourn Group, Inc.
Sold by North Clybourn Group, Inc.
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Schools
Schools serving 1016 N Western Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Chopin Elementary School 2450 West Rice Street, Chicago, IL 60622 | PK-8 | 0.2 mi |
Clemente Community Academy High School 1147 North Western Avenue, Chicago, IL 60622 | 9-12 | 0.2 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 1016 N Western Ave
Date
Details
Price
Change
Source
9/05/2024
Sold
$625,000
-7.41%
MLS
10/05/2023
Listed
$675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1016 N Western Avenue, Chicago, IL 60622 (MLS# 11902360) is a Commercial property that was sold at $625,000 on September 05, 2024. Want to learn more about 1016 N Western Avenue? Do you have questions about finding other Commercial real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.

