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518 Western ave 2 Unit Apartment Building $962,942 CAD ($481,471 CAD/Unit) Chicago, IL 60612
Executive Summary
518 S Western Avenue is strategically positioned in Chicago’s rapidly evolving Near West Side / Tri-Taylor corridor, immediately north of the I-290 (Eisenhower Expressway) and just steps from the Illinois Medical District. This high-visibility Western Avenue frontage provides strong vehicle traffic counts, consistent pedestrian activity, and immediate connectivity to downtown Chicago and surrounding neighborhoods.
The property benefits from exceptional transportation access. Located just north of the I-290 interchange, the site offers direct expressway access to the West Loop, Downtown, Oak Park, and the greater Chicagoland area within minutes. Multiple CTA bus routes run along Western Avenue and nearby arterial streets, and nearby CTA Blue Line and Pink Line stations provide convenient rail access for commuters and employees. This level of accessibility significantly enhances both residential leasing demand and retail viability. The surrounding area is anchored by major institutional and entertainment drivers, including the Illinois Medical District — one of the largest urban medical districts in the country — home to Rush University Medical Center, Stroger Hospital, and the Jesse Brown VA Medical Center. The district employs tens of thousands of healthcare professionals, researchers, and support staff, creating a consistent demand.
The property benefits from exceptional transportation access. Located just north of the I-290 interchange, the site offers direct expressway access to the West Loop, Downtown, Oak Park, and the greater Chicagoland area within minutes. Multiple CTA bus routes run along Western Avenue and nearby arterial streets, and nearby CTA Blue Line and Pink Line stations provide convenient rail access for commuters and employees. This level of accessibility significantly enhances both residential leasing demand and retail viability. The surrounding area is anchored by major institutional and entertainment drivers, including the Illinois Medical District — one of the largest urban medical districts in the country — home to Rush University Medical Center, Stroger Hospital, and the Jesse Brown VA Medical Center. The district employs tens of thousands of healthcare professionals, researchers, and support staff, creating a consistent demand.
Property Facts
| Price | $962,942 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $481,471 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| No. Units | 2 | Building Size | 2,270 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1889 |
| Price | $962,942 CAD |
| Price Per Unit | $481,471 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,270 SF |
| No. Stories | 1 |
| Year Built | 1889 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $38,766 CAD | |
| Land Assessment | $16,325 CAD | Total Assessment | $55,091 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$16,325 CAD
Improvements Assessment
$38,766 CAD
Total Assessment
$55,091 CAD
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518 Western ave
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