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2631 W Division St
Chicago, IL 60622

Retail Property For Sale

Executive Summary

Mixed Use 5 Units stone building in East Humboldt Park. 3-story building consists: 1 Storefront- currently vacant (2,300 Sq Ft.) and 4 ( four) residential apartments currently all occupied by tenants with leases. Each apartment has its Individual furnace, hot water tank and has oak floors throughout. Store front has Gfa/Ac. Full unfinished basement space. Quite a few recent improvements: Newer porch (2019). Downspout and gutters (2019). Newer rubber roof (2014)- flashing was done Approx. 2 years ago. New tuckpointing and whole front of the building stucco was conservated and painted just the LAST YEAR (2023) w/ city permit. Furnace (Approx. 2016). Hot water tank (Approx. 2016). Some plumbing updated. Per the owner: there is no plaster on the most of walls. Total income $ 102,000. Full basement has unfinished space (not that high basement) with sump pump, gas meters and 6 electric boxes and meters as seen on photo. 2 parking spots in the rear of the building (currently 1 spot included in rent and the other can be used for extra income). Great for investor or owner occupied *** Unit # 3F was just rented out for $ 1,650 with a lease thru the next year *** Rent Roll can be made available upon request ***

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,200 SF
Year Built/Renovated
1892/1990
Price
£846,480
Price Per SF
£118
Net Initial Yield
9.63%
NOI
£81,531
Percent Leased
67%
Tenancy
Multiple
Number of Floors
3
Building FAR
2.36
Lot Size
0.07 AC
Zoning
B1-1 - Retail storefronts on low-traffic streets
Frontage
30 ft on W Division St

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-01-401-011-0000
Land Assessment
£13,465
Improvements Assessment
£60,273
Total Assessment
£73,738
  • Listing ID: 32507730

  • Date on Market: 18/07/2024

  • Last Updated:

  • Address: 2631 W Division St, Chicago, IL 60622

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