Mixed-Use Building with
2744 West Division Street Chicago, IL 60622
2744 West Division Street, Chicago, IL, 60622
$850,000
For Sale
$850,000
Ground-floor liquor store plus two oversized residential units, with major renovations largely completed.
Property Size2,042 SF
Price / SF$416.26
Days on Market48
Property Features for 2744 West Division Street
General Information
- Standard status
- Active
- Size
- 2,042 SF
Building Details
- Year Built
- 1911
Listing agency
Baird & Warner
(773) 259-6976
Listed by
Richard Mell · License #471002698
(773) 259-6976
Source
Compass
Added: Jun 5 Updated: Jul 21 at 11:26AM Checked: Jul 21 at 11:26AM
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
Investment Insights
Based on property information with market context.
This mixed-use property includes a ground-floor liquor store and two oversized residential units above. The residential portion consists of a first-floor apartment with 3 bedrooms and 2 bathrooms and a second-floor unit with 4 bedrooms and 2 bathrooms. Both units are currently vacant and have been partially remodeled, with major capital improvement items already completed; remaining work is primarily cosmetic.
The storefront is occupied by a liquor store on a month-to-month lease, providing current rental income. The property is positioned on West Division Street in Chicago’s Humboldt Park area.
For investors and owner-occupants, the combination of retail income and two sizable residential units creates a straightforward path to stabilize operations and complete the remaining cosmetic upgrades to help maximize marketability of the living space.
The storefront is occupied by a liquor store on a month-to-month lease, providing current rental income. The property is positioned on West Division Street in Chicago’s Humboldt Park area.
For investors and owner-occupants, the combination of retail income and two sizable residential units creates a straightforward path to stabilize operations and complete the remaining cosmetic upgrades to help maximize marketability of the living space.
Key Highlights
- Mixed‑use building built in 1911 with ground‑floor liquor store and two residential units
- Ground‑floor liquor store currently occupied, paying $3,500/month on a month‑to‑month lease
- Residential unit mix: 1st‑floor 3 bed/2 bath and 2nd‑floor 4 bed/2 bath
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.3k | $30.00 |
| − Vacancy | −$6.1k | −$3.00 |
| EGI | $55.1k | $27.00 |
| − OpEx | −$20.7k | −$10.13 |
| NOI | $34.5k | $16.88 |
2,042 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$492.3K
$430.7K – $574.3K
NOI $34,459 @ 7.0% cap · market cap 4.05%
Second Best
Multifamily LT 5
$486.3K
$425.5K – $567.3K
NOI $34,040 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$962.8K
$842.5K – $1.12M
NOI $67,396 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Yauco Food & Liquors
(Bike/Boat/Book/etc) Store
UPS Access Point ...
Courier Service
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Ground-floor liquor store plus two oversized residential units, with major renovations largely completed.
Where is this duplex located?
The property is located at 2744 West Division Street Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Mixed‑use building built in 1911 with ground‑floor liquor store and two residential units; Ground‑floor liquor store currently occupied, paying $3,500/month on a month‑to‑month lease; Residential unit mix: 1st‑floor 3 bed/2 bath and 2nd‑floor 4 bed/2 bath
