This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/37
1016 N Western Avenue, Chicago, IL 60622
$675,000 Sale Pending
1016 N Western Avenue, Chicago, IL 60622View this property at 1016 N Western Avenue, Chicago, IL 60622
1016 N Western AvenueChicagoIL60622
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/37
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
- Price: $675,000
- Taxes: $9,936 (2021)
- Status: Pending
- Type: Commercial
- MLS ID: 11902360
- Updated: 3/29/2024
- Added to Site: 231 day(s) ago
Interior
- Flooring: Carpet, Wood
Additional Information
- Security/Safety: Other
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- 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
- Insurance Fee: $3,702
- 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.
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 1016 N Western Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2450 W Rice St, Chicago, IL 60622 | PK-8 | 0.2 mi | |
1147 N Western Ave, Chicago, IL 60622 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
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
10/05/2023
Listed
$675,000
101.49%
MLS
8/07/2012
Sold
$335,000
—
Public Record
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 1016 N Western Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$10,144
2%
$52,741
—
2021
$9,936
21%
$52,741
32%
2020
$8,212
-31%
$39,965
-37%
2019
$11,982
2%
$63,069
—
2018
$11,780
35%
$63,069
44%
2017
$8,707
5%
$43,822
—
2016
$8,277
10%
$43,822
—
2015
$7,550
32%
$43,822
31%
2014
$5,739
-6%
$33,499
—
2013
$6,093
-15%
$33,499
-21%
2012
$7,156
—
$42,371
—
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 1016 N Western Ave
1016 N Western Avenue, Chicago, IL 60622 (MLS# 11902360) is a Commercial property. 1016 N Western Avenue is currently listed for $675,000 and was received on October 05, 2023. 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.