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Mixed-Use Property with Storefront
For Sale
$499,000

4229 W Division Street, Chicago, IL 60651

Three residential units share the building with a ground-floor storefront and a garage equipped for utility service.

Property SizeContact for details
Days on Market17

Property Features for 4229 W Division Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Commercial
Zoning C1-1

Site & Location

Public Transit Yes
Mixed-Use Components retail, residential

Units

Unit Mix 1 x 2BR/1BA + storefront, 1 x 3BR/1BA, 1 x 2BR/1.5BA
Multifamily Units 3
Individually Metered Utilities unspecified utilities

Taxes and HOA fees

Annual Taxes $4,582

Amenities

central heat
security camera system

Building Details

Year Built 1927
Buildings 1
Stories 3
Units 3
Listing Agency: Keller Williams Premiere Properties
Listed By: Ingrid Hernandez
Source: Fishmangroup
Added: Oct 8 Changed: Oct 23 Last Checked: Oct 23 at 5:01PM

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 Keller Williams Premiere Properties

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Investment Insights

Based on property information with market context.

This C1-1-zoned mixed-use building contains three residential units and a 380-square-foot storefront connected to the first-floor apartment. The residences include a two-bedroom, one-bathroom unit on the first floor, a three-bedroom, one-bathroom unit on the second floor, and a finished garden apartment with two bedrooms and 1.5 bathrooms. Each apartment has separate utilities, and the building has central heat. The two-car garage has 13-foot ceilings, gas and water service, and a dedicated electrical panel. Improvements include tuckpointing, a replacement sewer stack, a 2024 garage door, new gates and front door, and a security camera system.

Located at 4229 W Division Street in Chicago, the property is near public transportation, the 606 Trail, and neighborhood amenities. Built in 1927, it combines residential space with a storefront and a garage suited to storage or workspace use.

Key Highlights

  • Three residential units: 2‑bedroom/1‑bath, 3‑bedroom/1‑bath, and 2‑bedroom/1.5‑bath garden apartment
  • 380‑square‑foot storefront connects to the first‑floor apartment
  • C1‑1 zoning

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture Gym & Fitness Center

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,287
Businesses Nearby

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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 units share the building with a ground-floor storefront and a garage equipped for utility service.
Where is this mixed-use property located?
The property is located at 4229 W Division Street Chicago, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three residential units: 2‑bedroom/1‑bath, 3‑bedroom/1‑bath, and 2‑bedroom/1.5‑bath garden apartment; 380‑square‑foot storefront connects to the first‑floor apartment; C1‑1 zoning
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