Two-Story Mixed-Use
2554-56 W Diversey Ave, Chicago, IL 60647
For Sale
Contact for pricing
Two ground-floor commercial spaces accompany a residential unit, with one storefront occupied and the other vacant.
Property Size7,757 SF
Lot Size0.15 Acres
Days on Market33
Property Features for 2554-56 W Diversey Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Corner Location
Highway Access
Road Access
Mixed-Use Components
Additional Details
Tenant in Place
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Horvath & Tremblay
Listed By:
John Przybyla · License #471010441
(312) 533-8899
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 6:03PM
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 Horvath & Tremblay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story mixed-use building contains 7,757 square feet of gross area on a 0.15-acre corner parcel. Its three units comprise one two-bedroom, one-bathroom residence and two ground-floor commercial spaces, each measuring 3,125 square feet. One commercial space is occupied by Sanchez Bar & Grill under a modified net lease with 4+ years remaining; the second is vacant. The property is zoned C1-2. The stated living area is 7,550 square feet.
The property is on W Diversey Avenue in Chicago’s Avondale neighborhood, near N Western Avenue, N Elston Avenue and N Clybourn Avenue. Interstate 90/94 is accessible from the area, and the N Elston Avenue retail corridor is nearby.
The current zoning allows for redevelopment with up to five condominium units above ground-floor commercial space. The listing also identifies a potential path to B2-3 zoning, which could accommodate up to 32 total units.
The property is on W Diversey Avenue in Chicago’s Avondale neighborhood, near N Western Avenue, N Elston Avenue and N Clybourn Avenue. Interstate 90/94 is accessible from the area, and the N Elston Avenue retail corridor is nearby.
The current zoning allows for redevelopment with up to five condominium units above ground-floor commercial space. The listing also identifies a potential path to B2-3 zoning, which could accommodate up to 32 total units.
Key Highlights
- Three units: one 2‑bedroom/1‑bathroom residence and two commercial spaces
- Two commercial units, each 3,125 square feet; one is vacant
- Occupied commercial unit has 4+ years remaining on a modified net lease
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,517
Businesses Nearby
409k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Dining 29%
Leisure 11%
Home Improvements & Furnishings 10%
Target
Superstores
190,856 visits/mo
0.4 miles
Regal City North
Leisure
43,577 visits/mo
0.2 miles
HomeGoods
Home Improvements & Furnishings
42,023 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
24,987 visits/mo
0.3 miles
Golden Nugget Pancake House
Dining
19,594 visits/mo
0.2 miles
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Chicago, IL
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two ground-floor commercial spaces accompany a residential unit, with one storefront occupied and the other vacant.
Where is this mixed-use property located?
The property is located at 2554-56 W Diversey Ave Chicago, IL.
What are key features of this property?
This property features: Three units: one 2‑bedroom/1‑bathroom residence and two commercial spaces; Two commercial units, each 3,125 square feet; one is vacant; Occupied commercial unit has 4+ years remaining on a modified net lease
