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Renovated Mixed-Use Building with Storefront

2540 W Division Street, Chicago, IL 60622

For Sale
$1,150,000

Three residential flats pair with a street-level commercial space and rear living area.

Property SizeContact for details
Days on Market18

Property Features for 2540 W Division Street

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Commercial

Site & Location

Neighborhood Humboldt Park
Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $18,952

Amenities

Central air
Central Air Cooling
Central Individual Cooling

Building Details

Year Built 1909
Buildings 1
Construction graystone
Tenancy Multi
Listing Agency: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE
Listed By: LUCAS BLAHNIK · License #471017201
Source: Corcoran
Added: Oct 23 Changed: Nov 8 Last Checked: Nov 8 at 6:07AM

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 @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE

Rey
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Investment Insights

Based on property information with market context.

This 1909 mixed-use building contains three apartments and a large storefront with a living area at the rear. Apartment features include in-unit laundry, spacious bedrooms, ample closets, south-facing living areas and large back porches. The basement offers storage space. Building updates include copper plumbing, cast-iron drains, upgraded electrical service, a replacement roof, newer porches and tuckpointing. Three parking spaces are located behind the building.

The property is on Division Street in Chicago’s Humboldt Park area. Cafe Colao, Esmerelda’s Lounge and Municipal Market are across the street. The California-Augusta corridor, Wicker Park dining and Humboldt Park are within walking distance.

Key Highlights

  • Three residential flats with a large street‑level storefront
  • Storefront includes a living area at the rear
  • Three parking spaces behind the building

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bendición Bottle Shop Department Store The Succulent City Garden Center The Stewards Market Charitable Organization

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Fish Market Butcher Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,792
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Chicago, IL

$342 Jul
$241 Aug
$205 Sep
$203 Oct

Properties on Market for Mixed-use properties in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three residential flats pair with a street-level commercial space and rear living area.
Where is this mixed-use property located?
The property is located at 2540 W Division Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three residential flats with a large street‑level storefront; Storefront includes a living area at the rear; Three parking spaces behind the building
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