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$514,000
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Property Description
**Investment Opportunity: Prime Multi-Unit Building on Western Avenue** Presenting an exceptional investment opportunity at **6228 S Western Ave**. This solid brick building offers 16 spacious studio units, each featuring separate kitchens, full-sized bathrooms, and hardwood floors-ensuring desirable living spaces with long-term rental appeal. The property also boasts **two expansive commercial units**, providing unlimited potential for a variety of business uses or further development. Situated in a rapidly growing area with high visibility and foot traffic, this property benefits from its prime location on **Western Avenue**, one of Chicago's most sought-after streets. The building is easily accessible by public transportation, making it an ideal location for both residential tenants and commercial enterprises. Once fully leased, this property is a **cash cow**, with strong income potential from both the residential and commercial sides. With a stable foundation and a strategic location, 6228 S Western Ave offers investors a rare opportunity to secure a solid, income-generating asset in a thriving area. **Key Features:** - 16 large studio units with hardwood floors, separate kitchens, and full-sized bathrooms - Two expansive commercial units with endless potential - Solid brick construction for long-term durability - Prime location on busy Western Avenue with excellent access to public transportation - Growing neighborhood with increasing demand for both residential and commercial spaces - Strong cash flow potential once fully leased Don't miss out on this incredible investment opportunity-contact us today to learn more!
Full Property Details
Full Property Details for 6228 S Western Ave
General
- Sold For: $514,000
- Taxes: $31,228 (2022)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12205364
- Added to Site: 435 day(s) ago
Location
- Area: CHI - Chicago Lawn
- County: Cook
- Driving Directions: north of 63rd St, on Western Ave, property is on the west side of the street
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Radiators
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Square Feet: 15,000
- Year Built: 1926
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 5,500
- Lot Dimensions: 50 x 110
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1926
- Tax Amount: $31,228
- Tax Year: 2022
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 19134310250000
Listed by Landmark Realtors
Sold by eXp Realty
Get Pre-Approved Today
Schools
Schools serving 6228 S Western Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Claremont Academy Elementary School 2300 West 64th Street, Chicago, IL 60636 | PK-8 | 0.2 mi |
Gage Park High School 5630 South Rockwell Street, Chicago, IL 60629 | 9-12 | 0.8 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 6228 S Western Ave
Date
Details
Price
Change
Source
10/01/2025
Sold
$514,000
-5.85%
MLS
5/15/2025
Price Reduced
$545,963
-5.05%
MLS
3/26/2025
Price Reduced
$575,000
-4.01%
MLS
2/07/2025
Price Reduced
$599,000
-7.85%
MLS
1/02/2025
Price Reduced
$650,000
-5.11%
MLS
12/18/2024
Price Reduced
$685,000
-2%
MLS
11/06/2024
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6228 S Western Avenue, Chicago, IL 60636 (MLS# 12205364) is a Commercial property that was sold at $514,000 on October 01, 2025. Want to learn more about 6228 S Western Avenue? Do you have questions about finding other Commercial real estate for sale in Chicago Lawn? You can browse all Chicago Lawn real estate or contact a Coldwell Banker agent to request more information.

