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    OFF-MARKET
    Retail properties & Spaces

    2653-59 Division St, Chicago, IL 60622

    17,728 SF 0.21 ac lot Built 1902
    Property ID
    Property summary
    AI-generated overview

    This exceptional Chicago investment opportunity presents a portfolio of four mixed-use buildings totaling 17,728 square feet, situated on a 0.21-acre lot (9,033 square feet) in the vibrant Paseo Boricua neighborhood, also known as "Little Puerto Rico." The property, located at 2653-59 W. Division St, boasts a prime corner location with high visibility along Division Street, experiencing 18,619 vehicles per day. Built in 1902 and extensively renovated in 2018, the three-story buildings comprise 12 units: eight residential units (six with in-unit laundry and individual furnaces), three commercial units, and one garage. The property benefits from its proximity to Humboldt Park (207 acres), Kendall College, Malcolm X College, and the Damen Station (Blue Line). The B1-1 zoning provides flexibility for future development. The asking price is $2,495,000, and owner financing may be considered. This is a rare chance to acquire a well-maintained, income-producing property in a rapidly growing area of Chicago. The property's APN is 16014010010000, 16014010020000 and the zip code is 60622.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1902
    Total area 17,728 SF
    Lot 0.21 ac (9,148 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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