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Mixed-Use Property with Apartment
New
For Sale
$319,000

5511 W Division Street, Chicago, IL 60651

Two storefronts are paired with a two-bedroom residence that has its own entrance.

Property SizeContact for details
Days on Market5

Property Features for 5511 W Division Street

General Information

Standard status Active
Total Parking Spaces 2

Taxes and HOA fees

Annual Taxes $3,384

Building Details

Tenancy Multi
Listing Agency: Coldwell Banker Realty
Listed By: Joseph Germinaro
Source: Exprealty
Added: Oct 2 Changed: Oct 4 Last Checked: Oct 6 at 12:28AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This mixed-use building at 5511 W. Division Street includes two storefront spaces, one of them adjoining at 5511½ W. Division Street. The rear section of the main building contains a two-bedroom apartment with a separate entrance. The adjoining storefront was previously operated as a restaurant.

Two vehicle parking spaces are located behind the building. The property combines commercial storefront space and a separate residential unit at a Division Street address in Chicago.

Key Highlights

  • Two storefront spaces, including an adjoining unit at 5511½ W. Division Street
  • Two‑bedroom apartment in the rear portion of the main building, with separate entrance
  • Rear parking for two vehicles

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Parking Lot & Garage Pharmacy

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,209
Businesses Nearby
35k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 83% Dining 9% Electronics 8%
Dollar Tree Shops & Services
13,127 visits/mo 0.4 miles
Family Dollar Shops & Services
8,062 visits/mo 0.1 miles
Dollar General Shops & Services
7,872 visits/mo 0.5 miles
SUBWAY Dining
3,249 visits/mo 0.2 miles
Metro by T-Mobile Electronics
1,692 visits/mo 0.2 miles

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
View Realmo Analytics

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 - Two storefronts are paired with a two-bedroom residence that has its own entrance.
Where is this mixed-use property located?
The property is located at 5511 W Division Street Chicago, IL.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two storefront spaces, including an adjoining unit at 5511½ W. Division Street; Two‑bedroom apartment in the rear portion of the main building, with separate entrance; Rear parking for two vehicles
More about this property
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