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$525,000 Just Listed
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Property Description
Large Brick Corner Building, Great Oportunity With 3 Rental Appartments and 1 C0mmercial Store Front With Endless Possibilities, Located in Gage Park Right On Busy Western Avenue, This Is A Great Oportunity Don't Le It Get Away, Make An Appointment and Bring Your Qualified Buyers!! Showings Will Be Limited To One Day Per Week.
Full Property Details
Full Property Details for 5000 S Western Ave
General
- Price: $525,000
- Taxes: $4,160 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12655016
- Updated: 5/21/2026
- Added to Site: 5 day(s) ago
Location
- Area: CHI - Gage Park
- County: Cook
- Driving Directions: TAKE WESTERN NORTH OR SOUTH TO 50TH STREET TO PROPERTY
- Location Details: Chicago South, Corner
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Hot Water, Radiators
Structural Information
- Stories/Levels: 2
- Square Feet: 4,000
- # of Stores: 1
- Year Built: 1912
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,025
- Lot Dimensions: 25 x 125
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- Assessment Year: 1912
- Tax Amount: $4,160.16
- Tax Year: 2024
- Tenant Pays: Heat
Disclosures and Reports
- Property ID: 19122240220000
Listed by Mayorga Realty Inc
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Schools
Schools serving 5000 S Western Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Nightingale Elementary School 5250 South Rockwell Street, Chicago, IL 60632 | K-8 | 0.4 mi |
Thomas Kelly College Preparatory 4136 South California Avenue, Chicago, IL 60632 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5000 S Western Ave
Date
Details
Price
Change
Source
5/21/2026
Listed
$525,000
275%
MLS
4/25/2000
Sold
$140,000
—
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 5000 S Western Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,043
4%
$12,999
—
2022
$1,970
1%
$12,999
—
2021
$1,944
-27%
$12,999
-14%
2020
$2,676
-6%
$15,113
-14%
2019
$2,842
2%
$17,574
—
2018
$2,793
-22%
$17,574
-13%
2017
$3,601
2%
$20,104
—
2016
$3,526
10%
$20,104
—
2015
$3,203
1%
$20,104
3%
2014
$3,161
2%
$19,604
—
2013
$3,087
1%
$19,604
—
2012
$3,070
—
$19,604
—
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 5000 S Western Ave
5000 S Western Avenue, Chicago, IL 60609 (MLS# 12655016) is a Commercial property. 5000 S Western Avenue is currently listed for $525,000 and was received on May 21, 2026. Want to learn more about 5000 S Western Avenue? Do you have questions about finding other Commercial real estate for sale in Gage Park? You can browse all Gage Park real estate or contact a Coldwell Banker agent to request more information.

