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$550,000
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Property Description
Outstanding investment opportunity in Lincoln Square! City zoned 3 unit. This well-maintained mix use building is a rare find in one of Chicago's most desirable neighborhoods. Main level is a doggie day care and grooming studio and upstairs is a 2-bedroom apartment that features separate living and dining rooms, updated kitchen and bathroom, in unit laundry and separate utilities-making property management simple and tenant turnover seamless. Just steps from the Brown Line, Winnemac Park, and the vibrant Lincoln Square corridor filled with shops, restaurants, and nightlife. The area continues to grow, with new condo developments nearby boosting long-term property value and rental demand. Additional features include: rear patio - perfect for shared outdoor space and detached 2 story 2-car garage for added rental income or owner use. Bonus: The adjacent property at 5011 N Western is also available - offering a unique chance to acquire side-by-side buildings in a thriving location. Ideal for investors looking to expand their portfolio with value-add opportunities in a high-demand area. Per City of Chicago B3-3 zoning.
Full Property Details
Full Property Details for 5015 N Western Ave
General
- Price: $550,000
- Taxes: $7,894 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12480260
- Updated: 12/25/2025
- Added to Site: 116 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Lincoln Square
- County: Cook
- Township: Lake View
- Driving Directions: On Western between Foster and Lawrence on east side of street
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 2
- Square Feet: 2,407
- # of Stores: 1
- Year Built: 1907
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 1
- Units w/Range/Oven: 1
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 2,548
- Lot Dimensions: 26 x 99
Financial Considerations
- Insurance Fee: $2,945
- Security Deposit: Other
- Assessment Year: 1907
- Tax Amount: $7,894.39
- Tax Year: 2024
Disclosures and Reports
- Property ID: 14073070030000
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Schools
Schools serving 5015 N Western Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Chappell Elementary School, Chicago, IL 2135 West Foster Avenue, Chicago, IL 60625 | PK-8 | 0.3 mi |
Amundsen High School 5110 North Damen Avenue, Chicago, IL 60625 | 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 5015 N Western Ave
Date
Details
Price
Change
Source
9/24/2025
Listed
$550,000
38.36%
MLS
8/20/2005
Sold
$397,500
—
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 5015 N Western Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,395
3%
$38,364
—
2022
$7,187
2%
$38,364
—
2021
$7,045
-4%
$38,364
6%
2020
$7,365
-7%
$36,163
-16%
2019
$7,934
2%
$42,918
—
2018
$7,799
48%
$42,918
54%
2017
$5,283
-7%
$27,915
-9%
2016
$5,660
3%
$30,757
-6%
2015
$5,516
—
$32,726
2%
2014
$5,495
2%
$32,186
—
2013
$5,376
1%
$32,186
—
2012
$5,328
—
$32,186
—
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 5015 N Western Ave
5015 N Western Avenue, Chicago, IL 60625 (MLS# 12480260) is a Commercial property. 5015 N Western Avenue is currently listed for $550,000 and was received on September 24, 2025. Want to learn more about 5015 N Western Avenue? Do you have questions about finding other Commercial real estate for sale in Lincoln Square? You can browse all Lincoln Square real estate or contact a Coldwell Banker agent to request more information.

