Chicago, IL 60642,1303 W Chicago AVE
Chicago, IL 60642,1303 W Chicago AVE
Chicago, IL 60642,1303 W Chicago AVE
Chicago, IL 60642,1303 W Chicago AVE
Chicago, IL 60642,1303 W Chicago AVE
Chicago, IL 60642,1303 W Chicago AVE
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$ 556,800
Est. payment | /mo

2,080 SqFt


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$ 556,800
Est. payment | /mo
Save

2,080 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,080 sqft

Price per Sqft $267

MLS Listing ID 12448297

Year Built 1888

Annual Tax Amount $9,556

Tax Year 2023

Lot Dimensions 24X95

Property Sub-Type Mixed Use

Property Description

Pleased to present the opportunity to purchase 1303 W Chicago Ave, Chicago, IL-a mixed-use investment in the heart of West Town, Chicago. Located on Chicago Ave, directly across from Eckhart Park and Field House, and just steps from the Chicago Blue Line stop and Milwaukee Ave, this property offers high visibility and strong rental potential. Commercial Space Features: 1,100 SF open retail space with 11-foot clearance ceilings, white tin ceilings, and original wooden floors, creating a unique and character-rich setting. Previously used as a photographer's studio, the space includes a dark room for film development. Zoned B1-2, it accommodates a variety of business types, including art galleries & studios, boutique retail & showrooms, cafes, specialty coffee or juice bars, creative offices & design studios, wellness & beauty services, tattoo & piercing studios, photography & content creation studios, and specialty retail. The average lease rate for similar commercial spaces in the area is 29.00 dollars per square foot (PSF), with lease types such as MG or NNN, providing flexibility for ownership. In this sought-after area, leases typically start at a five-year minimum term, ensuring stability and long-term rental income. Second-Floor Residential Unit: A spacious two-bedroom, one-bathroom apartment overlooking Chicago Ave, featuring a full HVAC system (forced hot and cold air), original wooden floors, an ample-sized kitchen, and separate living and dining rooms. The layout is designed to maximize openness, allowing natural light and movement to flow seamlessly throughout. A private wooden deck and large backyard provide an inviting space for relaxation or entertaining. Residential rental rates in West Town for similar two-bedroom units typically range between two dollars+ to three dollars+ per square foot, depending on unit size, location, and amenities. Neighborhood Highlights: This rapidly growing area is experiencing significant development, with new projects enhancing the long-term appreciation potential and increasing demand for commercial and residential spaces. The property is steps from popular restaurants, cafes, and local shops, fostering a dynamic atmosphere. Excellent transit access includes the 66 Chicago Avenue CTA bus stopping at the door and the Chicago Blue Line station just two blocks away, with easy access to I-90/I-94 for added convenience. The thriving West Loop, known for its innovation, dining, nightlife, and commercial developments, is within walking distance. Additionally, the property is directly across from Eckhart Park and Field House, offering green space and community amenities. With strong rental potential, high visibility, and a prime location, this property presents a rare opportunity for investors, business owners, and those seeking a dynamic live/work space in one of Chicago's fastest-growing neighborhoods. Don't miss your chance to own this exceptional mixed-use building in the heart of West Town. Note: Rental rates are based on current market listings as of March 1, 2025, and may vary based on specific unit features and market conditions.

Location

State IL

County Cook

Area Chi - West Town

Interior

Cooling Central Air, Window Unit(s)

Flooring Tile, Wood

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Vinyl Siding,Brick

Midwest Real Estate Data (MRED) IDX
Listed by Manuel Torrejon-Regalado of  Keller Williams ONEChicago 

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    STEM Magnet Academy Elementary School

    Public | KG - 5

  • 10

    Skinner Elementary School

    Public | PK - 5

  • 10

    Skinner North Elementary School

    Public | KG - 6

  • 10

    Lincoln Elementary School

    Public | KG - 8

  • 9

    Burley Elementary School

    Public | KG - 8

  • 9

    Prescott Elementary School

    Public | PK - 8

  • 9

    Jackson a Elementary Language Academy

    Public | KG - 8

  • 9

    Galileo Elementary Math & Science Schol Acd

    Public | KG - 8

  • 9

    Alcott Elementary School

    Public | KG - 8

  • 8

    Mitchell Elementary School

    Public | PK - 8

  • 8

    Lasalle II Lang Academy Elementary School

    Public | PK - 8

  • 8

    Burr Elementary School

    Public | PK - 8

  • 8

    Perez Elementary School

    Public | PK - 8

  • 8

    Mayer Elementary School

    Public | PK - 8

  • 8

    Lasalle Elementary Language Academy

    Public | KG - 8

  • 7

    Locke a Elementary Charter Academy

    Public | PK - 8

  • 7

    Von Linne Elementary School

    Public | KG - 8

  • 7

    Pulaski International School of Chicago

    Public | KG - 8

  • 7

    Columbus Elementary School

    Public | PK - 8

  • 7

    Pritzker Elementary School

    Public | KG - 8

Middle Schools 7
  • 10

    Young Magnet High School

    Public | 7 - 12

  • 7

    Orozco Elementary School

    Public | 6 - 8

  • 7

    Ogden Intermediate High School

    Public | 6 - 12

  • 7

    Noble Street Charter Schools

    Public | 6 - 12

  • 3

    Aspira Charter Schools

    Public | 6 - 12

  • 1

    Perspectives Charter High School

    Public | 6 - 12

  • 0

    Iyc Chicago

    Public | 6 - 12

High Schools 20
  • 10

    Payton College Preparatory High School

    Public | 9 - 12

  • 9

    Lincoln Park High School

    Public | 9 - 12

  • 9

    Jones College Preparatory High School

    Public | 9 - 12

  • 8

    Phoenix Military Academy High School

    Public | 9 - 12

  • 6

    Crane Medical Preparatory High School

    Public | 9 - 9

  • 6

    Intrinsic Charter High School

    Public | 9 - 9

  • 5

    North Lawndale Charter High School

    Public | 9 - 12

  • 5

    Clemente Community Academy High School

    Public | 9 - 12

  • 4

    Manley Career Academy High School

    Public | 9 - 12

  • 4

    Wells Community Academy High School

    Public | 9 - 12

  • 3

    Alcott Humanities High School

    Public | 9 - 12

  • 3

    Juarez Community Academy High School

    Public | 9 - 12

  • 2

    Chicago Technology Academy High School

    Public | 9 - 12

  • 1

    Collins Academy High School

    Public | 9 - 12

  • 1

    Legal Preparatory Academy Charter High School

    Public | 9 - 10

  • 1

    Urban Preparatory Charter Academy West Campus High School

    Public | 9 - 12

  • 0

    West Town Academy

    Private | 10 - 12

  • 0

    Our Lady of Tepeyac High School

    Private | 9 - 12

  • 0

    Marine Math and Science Academy High School

    Public | 9 - 12

  • 0

    Ombudsman Chicago West High School

    Public | 9 - 12

School and business data provided by Attom Data.
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1303 W Chicago AVE