This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
$995,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
Property Description
Turnkey, mixed-use winner in prime Bucktown-ideal for an investor or a live-in owner who wants income from day one. Street-level retail is leased to long-term Mega Locksmith (with finished basement space incl. bathroom, laundry & sump); Mega would like to sign a 10 year lease, talk about a great anchor tenant; two 2BR/1BA apartments above are well-kept and leased (~2 yrs & ~5 yrs). Major building updates: electric, plumbing & HVAC ~3 yrs, office interior refreshed ~3 yrs, windows ~5 yrs, roof ~10 yrs. On-site alarm (operated by retail). Low operating expenses and stable tenancy = immediate, durable cash flow. Unbeatable location near The 606/Bloomingdale Trail, Damen/Milwaukee/North shops, and the Damen Blue Line-perfect for renters and future appreciation. Walk to neighborhood favorites like Le Bouchon, Small Cheval, Piece Brewery, The Map Room, Ipsento, and The Robey rooftop; minutes to galleries, boutiques, and the Bucktown/Wicker Park festival scene. Surrounded by ongoing residential rehabs and retail refreshes along the corridor. Live in one unit and let the other units (plus the retail) help take care of the mortgage-or hold as a low-touch, cash-flowing asset in a high-demand rental pocket.
Full Property Details
Full Property Details for 1538 N Western Ave
General
- Price: $995,000
- Taxes: $9,506 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12434548
- Updated: 10/1/2025
- Added to Site: 163 day(s) ago
Interior
- Interior Features: Private Restroom(s), Storage Inside, Basement, Laundry Room
Additional Information
- Security/Safety: Alarm Monitored, Alarm on Site, Fire Extinguisher(s)
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- Driving Directions: South of North Ave. - Westside of Western Ave.
- Location Details: Chicago West
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Utilities
- Trash: 432
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 3,270
- # of Stores: 1
- Year Built: 1911
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 2,750
- Lot Dimensions: 25 x 110
- Drainage: Drain Tiles, Floor Drains
- Zoning: COMMR
Financial Considerations
- Lease Price: $3
- Insurance Fee: $2,670
- Operating Expenses: $15,944
- Other Fee: $600
- Security Deposit: Alarm Monitored, Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1911
- Tax Amount: $9,506
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 1152
- Pays Trash: 432
Disclosures and Reports
- Property ID: 16012070280000
Listed by eXp Realty
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 1538 N Western Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
De Diego Elementary Community Academy 1313 North Claremont Avenue, Chicago, IL 60622 | PK-8 | 0.3 mi |
Clemente Community Academy High School 1147 North Western Avenue, Chicago, IL 60622 | 9-12 | 0.5 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 1538 N Western Ave
Date
Details
Price
Change
Source
10/01/2025
Price Reduced
$995,000
-13.48%
MLS
8/07/2025
Listed
$1,150,000
55.41%
MLS
12/15/2016
Sold
$740,000
—
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 1538 N Western Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,806
3%
$46,335
—
2022
$9,530
2%
$46,335
—
2021
$9,318
-9%
$46,335
1%
2020
$10,205
-2%
$45,811
-12%
2019
$10,459
2%
$52,058
—
2018
$10,283
16%
$52,058
26%
2017
$8,861
7%
$41,164
—
2016
$8,245
9%
$41,164
—
2015
$7,543
25%
$41,164
26%
2014
$6,043
2%
$32,570
—
2013
$5,924
1%
$32,570
—
2012
$5,845
—
$32,570
—
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 1538 N Western Ave
1538 N Western Avenue, Chicago, IL 60622 (MLS# 12434548) is a Commercial property. 1538 N Western Avenue is currently listed for $995,000 and was received on August 07, 2025. Want to learn more about 1538 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.

