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2744 W Division St
Chicago, IL 60622
Retail Property For Sale


Executive Summary
Excellent mixed-use investment opportunity in the heart of Humboldt Park! This property features a ground-floor liquor store and two oversized residential units with significant renovations already completed. The commercial storefront is currently occupied by a liquor store paying $3,500 per month on a month-to-month lease, offering immediate income with substantial upside potential, as the current rent is below market value. The residential portion consists of two large units that are currently vacant. The first-floor apartment offers 3 bedrooms and 2 bathrooms, while the second-floor unit features 4 bedrooms and 2 bathrooms. Both units have been partially remodeled, with all major capital improvement items already completed. The remaining work is primarily cosmetic and presents an excellent opportunity for an investor or owner-occupant to add value and maximize rental income.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,320 SF
Year Built
1912
Price
$1,000,000
Price Per SF
$231.48
Cap Rate
6%
NOI
$60,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.11
Lot Size
0.05 AC
Zoning
B1-1
Frontage
Property Taxes
| Parcel Number | 16-01-230-040-0000 | Improvements Assessment | $58,565 |
| Land Assessment | $11,435 | Total Assessment | $70,000 |
Property Taxes
Parcel Number
16-01-230-040-0000
Land Assessment
$11,435
Improvements Assessment
$58,565
Total Assessment
$70,000
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