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$285,000
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Property Description
Prime Property for Sale Located in the dynamic Ukrainian Village, this 1,386 square-foot mixed-use space offers endless potential nestled right on Chicago Avenue. With excellent frontage, robust traffic count, and high visibility, this property is a gem in the heart of Chicago. Property Highlights: Size: 1,386 square feet of adaptable space, ready for customization. Zoning: C1-C2, supporting a variety of commercial and residential uses. Location: Ukrainian Village on bustling Chicago Avenue ensures constant foot traffic and great visibility. Frontage: Prime frontage on Chicago Avenue enhances exposure to passing traffic. Permitted Uses Include Residential: Artist live/work spaces and dwelling units above the ground floor. Commercial: Retail, limited-service restaurants, business support, and personal services like salons. Public and Civic: Facilities such as colleges, daycares, and libraries. Health Services: Medical and veterinary clinics. C2 Specific: More extensive commercial activities, including taverns, larger restaurants, auto services, light manufacturing, and recycling facilities. This property offers the flexibility to maximize your investment, whether establishing a new business, creating a unique live/work setup, or developing a lucrative rental property.
Full Property Details
Full Property Details for 2540 W Chicago Ave #1
General
- Sold For: $285,000
- Taxes: $6,485 (2022)
- Status: Closed
- Type: Commercial Residential Facility
- Source: MRED
- MLS ID: 12145066
- Added to Site: 513 day(s) ago
Additional Information
- Security/Safety: Other, Carbon Monoxide Detector(s)
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Chicago Ave, West of Western to the Property
- Location Details: Chicago West
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick, Block
- Exterior Const.: Brick, Block
- Stories/Levels: 4
- Current Bldg. Use: Commercial, Other
- Year Built: 2005
Lot Features
- Lot Size (Sq. Ft.): 3,057
- Lot Dimensions: 25 x 121
- Potential Use: Commercial, Office, Retail
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other, Carbon Monoxide Detector(s)
- Assessment Year: 2005
- Tax Amount: $6,485
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 16014280421001
Listed by @properties Christie�s International Real Estate
Sold by Compass
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Schools
Schools serving 2540 W Chicago Ave #1
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Chopin Elementary School 2450 West Rice Street, Chicago, IL 60622 | PK-8 | 0.1 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 2540 W Chicago Ave #1
Date
Details
Price
Change
Source
10/31/2025
Sold
$285,000
-3.39%
MLS
8/04/2025
Price Reduced
$295,000
-1.67%
MLS
5/29/2025
Price Reduced
$300,000
-5.96%
MLS
4/10/2025
Price Reduced
$319,000
-5.9%
MLS
2/17/2025
Price Reduced
$339,000
-2.87%
MLS
10/25/2024
Price Reduced
$349,000
-4.38%
MLS
9/04/2024
Price Reduced
$365,000
-3.95%
MLS
8/22/2024
Listed
$380,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2540 W Chicago Avenue #1, Chicago, IL 60622 (MLS# 12145066) is a Commercial Residential Facility property that was sold at $285,000 on October 31, 2025. Want to learn more about 2540 W Chicago Avenue #1? Do you have questions about finding other Commercial Residential Facility 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.

