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4544 N Western Ave

5,400 SF 67% Leased Office Building Chicago, IL 60625 $1,300,000 ($241/SF)

Executive Summary

Remarks: Fully recently rehabbed, this brick all-around mixed-use, 2-unit building is located in the heart of Lincoln Square, offering an incredible amount of finished square footage-4,532 assessed sq ft. Built fully front to back and lot line to lot line, the lower level at the front of the building has been dug down, providing excellent usable space and enhancing functionality throughout. The commercial space is restaurant-ready, featuring two large open dining rooms, an airlock vestibule, a built-out host station, and a full bar with multiple sinks. A server's ice room with storage and a fully equipped service station add to its operational ease. The space includes two fully renovated bathrooms-one with two stalls and the other with a single stall and urinal-each with independent handwashing stations. The commercial kitchen is equipped with a full-length ventilation hood system, ready to accommodate a variety of appliances, including ranges, fryers, and griddles, making it adaptable to diverse kitchen needs. A separate dishwashing station is fully set up with a commercial-grade pre-rinse spray nozzle, glasswasher, and a multi-compartment sink. The lower level boasts newly poured concrete flooring, a complete drain tile system, a laundry room, an office, and a staff bathroom. It is also prepped for the installation of a commercial walk-in refrigerator and freezer, with reinforced concrete, ample headroom, and ready-to-use electrical and drainage systems. The building is fully modernized with updated infrastructure, including new security cameras, foam insulation throughout, newer windows, a newer roof, and completely replaced electrical lines, gas lines, water lines (now copper), and sewer lines. Both the residential and commercial units are equipped with individual heating and cooling systems, ensuring maximum comfort and efficiency. The residential unit, currently rented for $3,500 per month until August 2026, offers exceptional value with fabulous tenants who pay utilities. This oversized 5-bedroom, 2-bath unit features stunning wood finishes, a chef's kitchen, and an adjacent multi-use room. The layout includes a dining room, living room, and family room, all bathed in natural light from large windows. Hardwood floors and recessed lighting add to the unit's charm and practicality. Located within the sought-after Waters Elementary School area, this building is just two blocks from Lincoln Avenue and the Brown Line train, making it an incredibly convenient location. Lincoln Square boasts a vibrant community with a variety of independent shops, breweries, and a dynamic restaurant scene. The property also offers easy access to the North Branch of the Chicago River, Ravenswood, North Center, Uptown, and Andersonville, making it a prime investment opportunity in one of Chicago's most desirable neighborhoods.

Attachments

PD

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Office
Building Size
5,400 SF
Building Class
C
Year Built
1918
Price
$1,300,000
Price Per SF
$241
Percent Leased
67%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,700 SF
Building FAR
2.07
Land Acres
0.06 AC

Amenities

  • Property Manager on Site

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 1,792 SF
  • Office/Retail
  • -
  • Now
Space Size Space Use Condition Available
2nd Floor 1,792 SF Office/Retail - Now

2nd Floor

Size
1,792 SF
Space Use
Office/Retail
Condition
-
Available
Now

2nd Floor

Size 1,792 SF
Space Use Office/Retail
Condition -
Available Now

Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-13-225-020-0000
Land Assessment
$6,480 (2023)
Improvements Assessment
$37,890 (2023)
Total Assessment
$44,370 (2023)
  • Listing ID: 34006188

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 4544 N Western Ave, Chicago, IL 60625

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