Listing provided courtesy of Westward360 RMMREDas Distributed by MLSGrid- MLS# 12612659MLS Provider

4054 N Western AvenueChicago, IL 60618

Commercial · 4,225 Sq. ft.
$1,299,000 Active

4054 N Western Avenue Overview

Time on Site:
81 days
Visits:
1

Turnkey property that's a 6-unit mixed-use investment opportunity in the heart of North Center. Situated on an expansive corner lot on Western/Belle Plaine, this property features (4) residential units and (2) commercial spaces, all fully occupied and generating immediate income. The building has undergone a complete renovation, including three new HVAC systems, two new water heaters (three total), and three new air condensers-offering peace of mind for years to come. The property boasts approximately 33 feet of prime storefront frontage along Western Avenue, with additional curb appeal provided by a landscaped parkway along Belle Plaine. The commercial spaces include a fully built-out cafe which is occupied by Dulce De Leche Cafecito which has become a neighborhood favorite and an established personal training gym. Positioned in a high-traffic corridor in North Center and is surrounded by other great neighborhoods of Ravenswood, Lincoln Square, and Roscoe Village, this location is ideal for both residential and commercial tenants. Located within the highly sought-after Coonley School District and just steps from Wells, Revere, and Horner Parks, as well as the Chicago River and 312 Riverwalk, the property offers exceptional lifestyle appeal. Lincoln Avenue's restaurants, bars, and nightlife are just four blocks away. Convenient access to public transportation includes the Western Avenue bus right outside the door and the Brown Line just five blocks east. Zoned B3-2, this is a prime, turnkey investment in one of Chicago's most desirable neighborhoods.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

4054 N Western Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 4,225
  • Price/Sq.ft. $307

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 1200
  • Existing Lease Type: Modified Gross
  • Fuel Expense: 0
  • Gross Income: 121824
  • Gross Scheduled Income: 121824
  • Insurance Expense: 3447
  • Trash Expense: 0
  • Water Sewer Expense: 1455

Building Information

  • Year Built: 1923

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - North Center
  • Township: North Chicago

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat

Tax Information

  • Tax Annual Amount: $8,603.19
  • Tax Year: 2024

General Information

  • Parcel Number: 13134180350000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: OTHER

Interior

Building Interior

  • Building Area Total: 4225

General Information

  • Cooling: Central Air, Window Unit(s)
  • Electric: Service - 201 to 600 Amps
  • Fireplaces Total: 1
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 108 X 32.76
  • Lot Size Square Feet: 3538

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 6
  • Utilities: Electric to Site,Natural Gas Available

4054 N Western Avenue Neighborhood

Community

60618 (Chicago) Demographics

34
Median Age
18,700
Population Density (per sq. mile)
56%
College Educated
$85,443
Estimated Median Income
17,732
Estimated Total Home Owners
18,219
Estimated Total Renters
49% / 51%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4054 N Western Avenue Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4054 N Western Avenue Market Data

Based on the last 30 days in this zip code

$936,559
Average List Price
$465
Average Price per Square Foot
66
Properties Sold
72
Average Days on Market
152
Properties for Sale
Calculations provided by Reliance Network

4054 N Western Avenue History

Date Event Value Agent
6/21/2026Source: MRED Status Change
Active
6/15/2026Source: MRED Price Reduction
$1,299,000 -3.1%
6/15/2026Source: MRED Status Change
Price Change
5/26/2026Source: MRED Status Change
Active
5/21/2026Source: MRED Price Reduction
$1,340,000 -2.5%
5/21/2026Source: MRED Status Change
Price Change
4/14/2026Source: MRED Status Change
Active
4/9/2026Source: MRED Added to Database
April 09, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022