Address
7359 S Western Avenue, Chicago, IL
Price
$ 265,000
Property Attributes
- MLS#12616286
- TypeCommercial
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Chicago Lawn
- NeighborhoodChicago Lawn
- Zip60636
- Style
- Year Built1921
- Taxes$ 2743
- Price$ 265,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3490
- Lot Size0.072107 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Solid mixed-use opportunity in the heart of Chicago Lawn featuring a 2-story brick building with strong income potential and excellent exposure along busy South Western Avenue with high traffic counts. The main level offers a cash-flowing commercial space currently operating as a barber/salon, featuring an open layout, 1 bath, and access to the backyard-ideal for a growing business or continued tenant use. A full unfinished basement provides additional storage and operational flexibility. Upstairs, you'll find a spacious 3-bedroom, 2-bath residential unit, perfect for owner-occupancy or additional rental income. The residential unit benefits from CHA-backed income, offering consistent and reliable cash flow. The property also includes a large backyard and 2-car brick garage, adding convenience, tenant appeal, and overall value. Perfect for investors seeking stable returns or entrepreneurs looking to operate their business while building equity, this property offers flexible use-live upstairs and run your business below, or lease both units for maximum income. Located in a high-visibility corridor with strong neighborhood demand, this is a hybrid investment opportunity combining commercial income with residential stability.
| Price History | |
|---|---|
| 4/30/2026 | Listed $279,900 |
| 6/29/2026 | 4$269,900 |
| 8/11/2026 | 2$265,000 |
General Features
| Cooling | Window Unit(s) |
|---|---|
| Construction Materials | Brick |
| Year Built | 1921 |
| Electric | Circuit Breakers |
| Tenant Pays | Electricity,Heat,Scavenger,Sewer |
| Stories Count | 2 |
| Township | Lake |
| Property Subtype | Mixed Use |
| Tax Year | 2023 |
| Gross Income | 36916 |
| County | Cook |
| Insurance Expense | 314 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Western Ave south to property at 7359 S Western. |
| City | Chicago |
| Number Of Units Total | 2 |
| MLS Area | CHI - Chicago Lawn |
| Lot Size Square Feet | 3141 |
| Tax Annual Amount | 2743 |
| Electric Expense | 215 |
| Fuel Expense | 205 |
| Trash Expense | 55 |
| Water Sewer Expense | 100 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Mixed Use |
| Cap Rate | 8.2 |
Interior Features
| Flooring | Carpet,Tile |
|---|
Exterior Features
| Building Area Total | 3490 |
|---|---|
| Lot Dimensions | 25x126x25x126 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60636
Price
Taxes
Year Built
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