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Listed by Cierra Thurmanof Keller Williams ONEChicago
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Est. payment /mo
Price Dropped by $10K
7359 S Western AVE Chicago, IL 60636
3,490 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,490 sqft
MLS Listing ID 12616286
Year Built 1921
Annual Tax Amount $2,743
Tax Year 2023
Lot Dimensions 25x126x25x126
Property Sub-Type Mixed Use
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.
Location
State IL
County Cook
Interior
Cooling Window Unit(s)
Flooring Carpet, Tile
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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