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15 Properties Within 0.5 miles of: 6228 S Western, Chicago

6228 S Western
Chicago, IL 60636

  • Built In 1926
Price

$575,000

Est Payment
$5,650 / month (details)  
Taxes
$31,228  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
50X110  
Built
1926  
Neighborhood
Chicago Lawn  
MLS
#12205364
Status
Active (169 days)

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!

Property Map

Property Details

Utilities

  • Heating
  • Cooling Window Unit(s)
  • Water
  • Sewer

Additional Information

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

11-06-2024 Listed at $699,000
12-18-2024 Price decreased by $14,000 to $685,000
01-01-2025 Price decreased by $35,000 to $650,000
02-07-2025 Price decreased by $51,000 to $599,000
03-26-2025 Price decreased by $24,000 to $575,000
Last Modified 4/24/25 3:07 PM

Nearby Transportation

  • Bus 49 < 0.1 mi
  • Bus 63 0.1 mi
  • Bus X49 0.1 mi
  • Bus 59 0.4 mi
  • Bus 94 0.5 mi
  • Bus 48 0.5 mi
  • Bus 67 0.8 mi
  • Bus 55 0.9 mi
  • Bus 52A 1.0 mi
  • Bus 52 1.0 mi
  • Bus 9 1.0 mi
  • Bus X9 1.0 mi
  • Green Line 1.1 mi
  • I 94 East 2.7 mi
  • I 90 East 2.7 mi
  • I 94 West 2.8 mi
  • I 90 West 2.8 mi
  • I 55 North 3.5 mi
  • I 55 South 3.6 mi
  • Hwy 57 5.0 mi
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