2641 W Division Street Chicago, IL ^$ 998,500

2641 W Division Street

^$ 998,500

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New Construction

2641 W Division Street

Chicago, IL, 60622

^$ 998,500

Studio Baths0.0 Sq 5,300

Monthly Estimate*

^$ 6,636

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Studio

Commercial Property for sale in Chicago, IL

for $998,500. This 5,300 square foot building was built in 1918 on a lot size of 0.071074.

Opportunity awaits in West Town - East Humboldt Park! Great income-producing building with a strong CAP Rate for investment or owner-occupied. Legal 3 Unit building. 1,800 sq. ft. per floor. Two very large full-floor apartments (2) Three bed/2 bath apartments. Both have in-unit washer/dryer. Strong commercial tenant in the ground floor storefront. New facade and windows, remodeling, 2 car garage. Vibrant area with lots of new construction. Hold as an investment or use as live/work or as owner-occupied and collect rents. See Additional Info for financial information. Video walkthrough available.

Commercial Active

Price

^$ 998,500

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 12,668

Style

Lot Size

0.071074

Year Built

1918

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11919169

Features

General

Cooling Central Air

Possession Closing Tenant's Rights

Roof Rubber

Zoning MULTI

Construction Materials Brick Block

Year Built 1918

Electric Service - 101 to 200 Amps

Tenant Pays Air Conditioning Electricity Heat Taxes Insurance Repairs Varies by Tenant

Stories 3

Township West Chicago

Property SubType Apts/Ofc/Store Apts/Ofc Apts/Stores

Tax Year 2022

Gross Income 117828

County Cook

Net Operating Income 94273

Operating Expense 23555

Insurance Expense 5441

Property Type Commercial Sale Mixed Use

Status Active

Directions West of Western Avenue (2400W) on Division (1200N) to 2641 W Division

City Chicago

NumberOfUnitsTotal 3

MLS Area CHI - West Town

Lot Size Square Feet 3096

Street Name Division

Tax Annual Amount 12668.7

Electric Expense 263

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 1564

Additional Parcels Y/N N

Virtual Tour https://media.showingtimeplus.com/sites/ywqbqro/unbranded

Days on Market 56

Standard Status Active

Interior

Total Fireplaces 1

Street Suffix Street

Exterior

Foundation Details Concrete Perimeter

Building Area Total 5300

Lot Dimensions 25X125

Exterior Brick

* Excluded Features

List By

Fulton Grace Realty

Broker

ken@fultongrace.com

Affordability Calculator

$7,692

Per Month

Monthly Principal & Interest: $6,636
Monthly Property Taxes: $1,056
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$847,070

Percent of Sale Price 15%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/21/2024	$998,500	-5.79%	Price Down
2/26/2024	$1,059,900	-1.85%	Price Down
2/15/2024	$1,079,900		Listed Price

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2641 W Division Street, Chicago, IL, 60622 is a Commercial Property for sale at $998,500 with 5,300 sqft and a lot size of 0.071074. 2641 W Division Street is a studio with 0.0 baths and was built in 1918. The property's zip code is 60622 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/4/2024.

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2641 W Division Street

Commercial Property for sale in Chicago, IL

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