Mixed-Use Storefront
New
For Sale
$750,000
2744 W Division Street, Chicago, IL 60622
A ground-level liquor store is paired with two vacant apartments above.
Property Size4,320 SF
Price / SF$173.61
Days on Market3
Property Features for 2744 W Division Street
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Commercial
Zoning
COMMR
Site & Location
Neighborhood
Humboldt Park
Taxes and HOA fees
Annual Taxes
$13,341
Building Details
Building Size
4,320 SF
Year Built
1911
Stories
3
Units
3
Listing Agency:
Baird & Warner
Listed By:
Richard Mell · License #471002698
(773) 326-6500
Source:
Gogginrealestate
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:28PM
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 Baird & Warner
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Investment Insights
Based on property information with market context.
This mixed-use property in Chicago combines a ground-floor liquor store with two residential units. The store is occupied under a month-to-month lease. The first-floor apartment has 3 bedrooms and 2 bathrooms; the second-floor apartment has 4 bedrooms and 2 bathrooms. Both homes have received partial renovations, with remaining work described as primarily cosmetic.
The building contains 4,320 square feet, was built in 1911, and is zoned COMMR. Second-floor appliances are excluded from the sale.
The building contains 4,320 square feet, was built in 1911, and is zoned COMMR. Second-floor appliances are excluded from the sale.
Key Highlights
- 4,320‑square‑foot mixed‑use building
- Ground‑floor liquor store occupied under a month‑to‑month lease
- Two vacant apartments: one with 3 bedrooms and 2 bathrooms, and one with 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,766
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,320
$1.2M
Cap Rate 7%
$853,800
$853.8K
Cap Rate 9%
$664,067
$664.1K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$93.3K $21.60/SF
− Vacancy
−$7.9K −$1.84/SF
EGI
$85.4K $19.76/SF
− OpEx
−$25.6K −$5.93/SF
NOI
$59.8K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,320
Cap Rate 7%
$853,800
Cap Rate 9%
$664,067
Alternative Uses
Best Use
Mixed Use
$1.04M
$911.3K – $1.22M
NOI $72,900 @ 7.0% cap · market cap 9.72%
Second Best
Retail
$853.8K
$747.1K – $996.1K
NOI $59,766 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,581 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,054
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-level liquor store is paired with two vacant apartments above.
Where is this mixed-use property located?
The property is located at 2744 W Division Street Chicago, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4,320‑square‑foot mixed‑use building; Ground‑floor liquor store occupied under a month‑to‑month lease; Two vacant apartments: one with 3 bedrooms and 2 bathrooms, and one with 4 bedrooms and 2 bathrooms
