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Mixed-Use Restaurant and Apartments
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2723 W Division Street, Chicago, IL 60622

Mixed-use building configured for restaurant use with an opportunity to add residential space on the second floor.

Property SizeContact for details
Days on Market123

Property Features for 2723 W Division Street

General Information

Standard status Active
Property subtype Retail, Mixed Use
Listing Agency: SVN | Chicago Commercial
Listed By: Scott Maesel · License #IL 471005379
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 7:42PM

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

2723 W Division Street is a mixed-use property presented for restaurant users, with existing conditions described as well-suited for restaurant operation. The building offers a potential value-add through constructing apartments on the building’s second floor.

The site is located less than one block from Humboldt Park and sits on Division Street, identified as a main retail corridor within the Humboldt Park neighborhood. The Division Street CTA stops are noted as providing direct access to the downtown loop and surrounding neighborhoods from the Division Street bus line.

The surrounding area includes development associated with the Paseo Boricua Arts Center and cultural hub. The broader neighborhood is described as being within close proximity to Ukrainian Village to the southeast, Wicker Park/Bucktown to the east and northeast, and Logan Square to the north.

Key Highlights

  • Mixed‑use building configured for restaurant use
  • Opportunity to add residential space on the building’s second floor
  • Located less than one block from Humboldt Park

Property Analytics

Current Use

Ay Mami Restaurant

Suggested Use

Top Pick Nursing Home Locksmith Accounting Firm Home Appliance Store HVAC Service (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

3,054
Businesses Nearby
28k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 84% Dining 16%
Mobil Shops & Services
10,571 visits/mo 0.1 miles
Family Dollar Shops & Services
7,238 visits/mo 0.1 miles
Dunkin' Donuts Dining
4,558 visits/mo 0.2 miles
BP Shops & Services
3,743 visits/mo 0.5 miles
Fifth Third Bank & ATM Shops & Services
2,273 visits/mo 0.5 miles

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 Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building configured for restaurant use with an opportunity to add residential space on the second floor.
Where is this mixed-use property located?
The property is located at 2723 W Division Street Chicago, IL.
What are key features of this property?
This property features: Mixed‑use building configured for restaurant use; Opportunity to add residential space on the building’s second floor; Located less than one block from Humboldt Park
(847) 219-6383 Call to check price and availability
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