For Sale
$2,495,000

2653-59 Division StChicago, IL 60622

Chicago Multi-Family & Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Chicago investment opportunity presents a portfolio of four mixed-use buildings totaling 17,728 square feet, situated on a 0.21-acre lot (9,033 square feet) in the vibrant Paseo Boricua neighborhood, also known as "Little Puerto Rico." The property, located at 2653-59 W. Division St, boasts a prime corner location with high visibility along Division Street, experiencing 18,619 vehicles per day. Built in 1902 and extensively renovated in 2018, the three-story buildings comprise 12 units: eight residential units (six with in-unit laundry and individual furnaces), three commercial units, and one garage. The property benefits from its proximity to Humboldt Park (207 acres), Kendall College, Malcolm X College, and the Damen Station (Blue Line). The B1-1 zoning provides flexibility for future development. The asking price is $2,495,000, and owner financing may be considered. This is a rare chance to acquire a well-maintained, income-producing property in a rapidly growing area of Chicago. The property's APN is 16014010010000, 16014010020000 and the zip code is 60622.

Highlights

  • 0.21-acre lot (9,033 SF).
  • Paseo Boricua ("Little Puerto Rico") location.
  • Close proximity to Kendall College and Malcolm X College (within 2.6 miles).
  • 1.6 miles from Damen Blue Line (O'Hare Branch) station.
  • Adjacent to Humboldt Park (207 acres).
  • High traffic count: 18,619 vehicles daily on Division Street.

Property Details for 2653-59 Division St

Property type
Retail properties, Mixed-use properties
Square Feet
17,728 SF
Year Built/Renovated
1902/2018
Buildings
4
Stories
3
Lot Size (sq. ft)
9,148 SF
Units
12

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9027429
Longitude
-87.6940522
2653-59 Division St, Chicago, Illinois

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2653-59 Division St
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