2854 W Diversey Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60647- Avondale
$325,000 USD
708-364-8322

NO PHOTO

$325,000 USD
Storefront Retail/Residential - FOR SALE
null | Request Cap Rate

2854 W Diversey Ave
Chicago, IL 60647
Avondale


HIGHLIGHTS

  • Built in 1909, the property offers classic architectural character paired with modern amenities from renovations and updates over the years.
  • Durable masonry exterior ensures long-term resilience, combined with a traditional aesthetic.
  • Situated in Chicago's vibrant Avondale neighborhood, close to the Logan Square area.
  • Offers easy connectivity to major roads and nearby public transit for straightforward commuting around Chicago.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B3-1

APN/PARCEL ID

13-25-135-037-0000

ASK ABOUT THIS PROPERTY

John NugentColdwell Banker Residential BrokerageMore Info
708-364-8322

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John NugentColdwell Banker Residential BrokerageMore Info
708-364-8322

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.