Mixed-Use Bar and Restaurant
For Sale
Contact for pricing
1938 W Chicago Ave, Chicago, IL 60622
Three-story brick building includes an operating bar/restaurant unit plus two income apartments and a four-car tandem garage.
Property SizeContact for details
Days on Market124
Property Features for 1938 W Chicago Ave
General Information
Standard status
Active
Property subtype
Retail, Mixed Use
Listing Agency:
Kudan Group
(312) 575-0480
Listed By:
Georg Simos · License #IL 475178115
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 5:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kudan Group
Investment Insights
Based on property information with market context.
This three-story mixed-use brick building combines an operating bar/restaurant business with two income-generating apartments. The commercial space is approximately 1,700 square feet plus a basement and has been occupied by a restaurant tenant since 2006. Upstairs, the apartments include in-unit washer and dryers, updated white appliances, hardwood floors, cherry kitchen cabinets, and granite countertops. The property also features a newer four-car tandem garage.
The building is located at 1938 W Chicago Ave in Chicago, IL 60622. The restaurant business, branded as High Dive, has been operating since 2006.
For buyers seeking both current operating income and residential rental components, the property’s multi-use configuration and established commercial tenancy support a straightforward ownership structure with complementary income streams.
The building is located at 1938 W Chicago Ave in Chicago, IL 60622. The restaurant business, branded as High Dive, has been operating since 2006.
For buyers seeking both current operating income and residential rental components, the property’s multi-use configuration and established commercial tenancy support a straightforward ownership structure with complementary income streams.
Key Highlights
- Three‑story mixed‑use brick building with an operating bar/restaurant unit (High Dive) since 2006
- 1,700 SF commercial unit (plus basement) occupied by a restaurant tenant since 2006
- Two income‑generating apartments with in‑unit washer/dryers
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,065
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60622, IL
55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Three-story brick building includes an operating bar/restaurant unit plus two income apartments and a four-car tandem garage.
Where is this bar & pub located?
The property is located at 1938 W Chicago Ave Chicago, IL.
What are key features of this property?
This property features: Three‑story mixed‑use brick building with an operating bar/restaurant unit (High Dive) since 2006; 1,700 SF commercial unit (plus basement) occupied by a restaurant tenant since 2006; Two income‑generating apartments with in‑unit washer/dryers
