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Investment Highlights
- Built in 1909, the property offers classic architectural character paired with modern amenities from renovations and updates over the years.
- Situated in Chicago's vibrant Avondale neighborhood, close to the Logan Square area.
- Durable masonry exterior ensures long-term resilience, combined with a traditional aesthetic.
- Offers easy connectivity to major roads and nearby public transit for straightforward commuting around Chicago.
Executive Summary
This mixed-use property presents a unique opportunity in one of Chicago’s thriving neighborhoods. The first floor, previously operated as a bar, offers adaptable commercial space suitable for a variety of business concepts, from dining and retail to creative office uses. Above, the second floor consists of six rooms and three bathrooms, providing flexibility for residential occupancy or office conversion.
A full basement adds storage or expansion potential, while a detached two-car garage provides convenience in an urban setting. Located along West Diversey Avenue, the property benefits from excellent visibility and accessibility, with strong local foot traffic and proximity to Logan Square’s popular retail, dining, and entertainment destinations. Commuters enjoy easy public transportation and regional roadway access, including I-90/94 only minutes away.
Investors and owner-users alike can leverage this property’s dual-purpose configuration for income generation or operational efficiency. Whether revitalizing the previous bar use or transforming the space into a modern mixed-use environment, 2854 W Diversey offers embedded value in a well-established market.
A full basement adds storage or expansion potential, while a detached two-car garage provides convenience in an urban setting. Located along West Diversey Avenue, the property benefits from excellent visibility and accessibility, with strong local foot traffic and proximity to Logan Square’s popular retail, dining, and entertainment destinations. Commuters enjoy easy public transportation and regional roadway access, including I-90/94 only minutes away.
Investors and owner-users alike can leverage this property’s dual-purpose configuration for income generation or operational efficiency. Whether revitalizing the previous bar use or transforming the space into a modern mixed-use environment, 2854 W Diversey offers embedded value in a well-established market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,600 SF
Building Class
C
Year Built
1909
Price
$325,000
Price Per SF
$125
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.85
Lot Size
0.07 AC
Zoning
B3-1 - Business district
Parking
2 Spaces (0.77 Spaces per 1,000 SF Leased)
Exceptionally walkable
100/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-25-135-037-0000 | Improvements Assessment | $30,625 |
| Land Assessment | $19,375 | Total Assessment | $50,000 |
Property Taxes
Parcel Number
13-25-135-037-0000
Land Assessment
$19,375
Improvements Assessment
$30,625
Total Assessment
$50,000
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2854 W Diversey Ave