1531 Western Avenue — Chicago Heights, IL 60411
Active
▼ $423,000
Chicago Heights, IL 60411

1531 Western Avenue

$275,000
0 beds · 0 baths
$423,000 below original 208 days on market $125,248/yr taxes
01About this home

**Massive Price Reduction** on this large 7-unit Commercial Space situated in a high traffic area with more than 3 (three) Acres that can be used for expansion. Many long-term tenants include Harold's Chicken, a Cell phone store and Hair businesses. The property offers 40 parking spaces, central air and great exposure for tenants. Savvy investors with vision will see the opportunities of this nicely situated high-traffic commercial space whether breaking ground on a new mixed-use development, adding an RV Park, storage, restaurants, and much more. This property offers a 15 proforma cap rate before improvements with plenty of room to grow!

02Inside the home
03By the numbers
$275,000
List price
Square feet
Bedrooms
Bathrooms
1953
Year built
Lot size
Garage spaces
$125,248
Annual taxes
Retail/Stores
Style
208
Days on market
04Features
Cooling
Central AirZoned
Construction
BrickGlass
05History

Every event we have for this address, straight from the MLS.

Mar 1, 2026
Price reducedThis listing
Coldwell Banker Realty
$275,000
−$423,000
Sep 30, 2025
Listed for saleThis listing
Coldwell Banker Realty
$698,000
Sourced from MRED. Older events appear here as our history backfill completes.
06Ask Dwello

Real answers about this home — pricing, schools, what to ask, anything.

07See it for yourself

Stand in the kitchen.
See the light at 4pm.

Photos can only do so much. Pick a time — we'll meet you at the door.

Connect with Ewelina, Sonia, or Anna — real people on our team, no call centers.
08Similar homes
Listed by Coldwell Banker Realty · Donald Robinson
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12484062
Talk to an agent