New Listing
5511 W Division Street,Chicago, IL 60651
Chicago, IL 60651
Description
Exceptional opportunity to acquire a mixed-use commercial property in the heart of the highly trafficked Division Central Business District. This long-established location has been home to a successful used furniture business for more than 25 years, benefiting from strong visibility and consistent pedestrian activity. The property features two storefront spaces: the main retail store located at 5511 W. Division Street and an adjoining 55111/2 W. Division Street unit, formerly operated as a restaurant, offering flexible potential for retail, food service, office, or other commercial uses. Adding further value, the rear portion of the main building includes a private 2-bedroom apartment with separate entrance, providing an excellent opportunity for owner occupancy, or additional rental income. The property also offers rear parking for two vehicles, a valuable amenity in this densely populated commercial corridor. Surrounded by established businesses and benefiting from substantial foot traffic. This property presents an outstanding investment or owner-user opportunity in a sought-after commercial location.
Details
| MLS # | 12775550 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 1 |
| Listing Provided By | Coldwell Banker Realty | Joseph Germinaro |
Features
| Story(s) | 1 |
|---|---|
| Units | 3 |
| Zoning | RTAIL |
| Acreage | 0.09 |
Interior
| Cooling | None |
|---|---|
| Fireplaces Total | 0 |
Exterior
| Foundation Details | Concrete Perimeter |
|---|---|
| Construction Materials | Brick |
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected, Water Available |
|---|---|
| Sewer | Public Sewer |
| Electric | Circuit Breakers, Service - 101 to 200 Amps |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 3384.67 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60651 |
| Area | CHI Austin |
| Listing VS Median (in 60651) | |
Price: $319,000 low | high Med: $299,900 On site: 1 low | high Med: 66 | |
Market Activity 60651
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60651 |
| Area | CHI Austin |
| Listing VS Median (in 60651) | |
Price: $319,000 low | high Med: $299,900 On site: 1 low | high Med: 66 | |
