Log In/Sign Up
Your email has been sent.
518 Western ave
Chicago, IL 60612
Multifamily Property For Sale
·
2 Units
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 Under Contract
| Price Per Unit | $480,940 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 2 | Building Size | 6,132 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1889 |
| Price Per Unit | $480,940 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,132 SF |
| No. Stories | 2 |
| Year Built | 1889 |
Property Taxes
| Parcel Number | 16-13-234-040-0000 | Improvements Assessment | $572 CAD |
| Land Assessment | $8,686 CAD | Total Assessment | $9,257 CAD |
Property Taxes
Parcel Number
16-13-234-040-0000
Land Assessment
$8,686 CAD
Improvements Assessment
$572 CAD
Total Assessment
$9,257 CAD
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
