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$1,149,000

  • For Sale
  • Active
  • Commercial
  • 4,800 Sq. Ft.
See This Home
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ARCADIA TERRACE INVESTMENT OPPORTUNITY---FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. Rent increases coming in September. ALL TENANTS ARE ON YEARLY LEASES EXCEPT FOR 5822 WHICH IS M-T-M. From left to right it consists of: 5618-gated parking lot/5620 three story mixed use---ALL NEW REHAB-- with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW steel back decks, NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed/5622 is a free standing 1 story flexi-core commercial garage---levels can be added---200-amp 3-phase+200amp panel. Tenants in 5620 all expire in 2024, 5620+18 are MTM, rents. Just slightly north of Bryn Mawr and adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater. Easy access to public transportation and Lake Shore Drive.

Full Property Details for 5620 N Western Ave

General

  • Price: $1,149,000
  • Taxes: $24,110 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12339360
  • Updated: 12/25/2025
  • Added to Site: 277 day(s) ago

Interior

  • Interior Features: Passenger Elevator(s), Accessible Washroom/s, Multi-Tenant
  • Flooring: Carpet, Wood

Additional Information

  • Security/Safety: Other

Location

  • Area: CHI - West Ridge
  • County: Cook
  • Driving Directions: Just a little North or Bryn Mawr on the west side of the street
  • Location Details: Chicago North, Mixed-Use Area, High Traffic Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Central Heat/Individual Controls

Utilities

  • Water: Municipal Water
  • Onsite: Electricity to Site, Natural Gas Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Foundation: Concrete Perimeter
  • Roof: Rubber
  • Sub-Flooring: Carpet, Wood
  • Stories/Levels: 3
  • Square Feet: 4,800
  • Current Bldg. Use: Commercial, Office, Automotive
  • # of Stores: 1
  • Year Built: 1938
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 5
  • Units w/Refrigerators: 2
  • Units w/Range/Oven: 2
  • # Dryers: 1

Lot Features

  • Lot Size (Sq. Ft.): 9,375
  • Lot Dimensions: 75 x 125
  • Frontage: City Street
  • Potential Use: Conditional Use, Special Use, Other
  • Zoning: COMMR

Financial Considerations

  • Insurance Fee: $2,204
  • Operating Expenses: $41,619
  • Other Fee: $7,500
  • Security Deposit: Other
  • Assessment Year: 1938
  • Tax Amount: $24,110
  • Tax Year: 2023
  • Tenant Pays: Air Conditioning, Electricity, Heat, Scavenger, Sewer

Disclosures and Reports

  • Property ID: 13014320260000

Listed by EXIT Strategy Realty

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— 5620 N Western Ave —

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 5620 N Western Ave

School District:Chicago Public School District 299
NameGradesDistance
Jamieson Elementary School
5650 North Mozart Street, Chicago, IL 60659
K-80.6 mi
Mather High School
5835 North Lincoln Avenue, Chicago, IL 60659
9-120.6 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 5620 N Western Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/21/2025
Price Reduced
$1,149,000
-4.17%
MLS
4/15/2025
Listed
$1,199,000
99.83%
MLS
1/21/2016
Sold
$600,000
—
Public Record
Get Price Alerts and Save Property
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 for 5620 N Western Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,188
3%
$53,025
—
2022
$10,906
37%
$53,025
34%
2021
$7,985
20%
$39,709
33%
2020
$6,630
31%
$29,761
18%
2019
$5,047
-23%
$25,119
-24%
2018
$6,532
-7%
$33,068
2%
2017
$7,006
7%
$32,543
—
2016
$6,518
10%
$32,543
—
2015
$5,951
-27%
$32,474
-26%
2014
$8,122
2%
$43,778
—
2013
$7,962
1%
$43,778
—
2012
$7,856
—
$43,778
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5620 N Western Avenue, Chicago, IL 60659 (MLS# 12339360) is a Commercial property. 5620 N Western Avenue is currently listed for $1,149,000 and was received on April 15, 2025. Want to learn more about 5620 N Western Avenue? Do you have questions about finding other Commercial real estate for sale in West Ridge? You can browse all West Ridge real estate or contact a Coldwell Banker agent to request more information.

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