5948 W Diversey Avenue
Chicago, IL, 60639 $ 499,000
Baths0.0 Sq 2,125 Monthly Estimate*
$ 3,317
Studio
for $499,000. This 2,125 square foot building was built on a lot size of 0.07174.
**Charming Commercial Opportunity in Prime Chicago Location - 5948 W Diversey Ave, Chicago, IL 60639** Nestled on the bustling corner of Diversey Avenue and Austin, this remarkable property presents an unmatched commercial opportunity. Built with enduring brick construction, this establishment is poised for success, whether continuing as a vibrant bar/lounge/night club or transforming into a new venture with potential for a liquor license, catering to a wide array of business aspirations. **Key Features:** - **Address:** 5948 W Diversey Ave, Chicago, IL 60639 - **Zoning:** Commercial (B), allowing for a variety of business uses. - **Building Size:** Generous square footage offers ample space for operation and customization. - **Lot Size:** Spacious lot dimensions provide a substantial footprint in a prime Chicago area. - **Parking:** Available parking spaces ensure convenience for customers and staff alike. - **Outdoor Seating:** An enclosed patio area offers an inviting space for outdoor dining or leisure. - **Utilities:** Separate meters for electricity and central heating, ensuring operational efficiency. - **Amenities:** Central heat throughout, ensuring comfort for all occupants. - **Condition:** Brick construction with shingle composition roofing, promising durability and lasting appeal. **Business Potential:** The property currently operates as a bar/lounge/night club but carries immense potential for a variety of commercial uses. Its prime corner location, coupled with the possibility of retaining a liquor license, opens the door for numerous business opportunities, including restaurants, cafes, specialty stores, or continued use as a nightlife establishment. **Additional Features:** - Enclosed outdoor seating area for enhanced customer experience. - Satellite dish installed, offering diverse entertainment options. - Spacious parking, accommodating both indoor and outdoor needs. **Financial Aspects:** This property represents not only a significant investment in real estate but also the opportunity to own and operate a business in one of Chicago's thriving neighborhoods. Specific financial details and projections are available upon request, ensuring transparency and confidence in your investment. For entrepreneurs and investors alike, 5948 W Diversey Ave offers a rare blend of location, versatility, and potential. Whether you're looking to continue a legacy or forge a new path, this property stands ready to serve as the foundation for your business vision. Contact Information: For more detailed information and to schedule a viewing, please contact Listing Broker. Explore the possibilities and embark on your next commercial venture with this premier Chicago property. All info/numbers subject to change without notice, buyer to perform own DD. "As-Is" Ask LB for additional information.
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FeaturesGeneralCooling Wall Sleeve
Possession Closing
Tenant Pays Varies by Tenant
Stories 2
Tax Year 2022
Business Type Bar/Tavern/Lounge
County Cook
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Status Active
Directions Austin to Diversey East to Address.
City Chicago
MLS Area CHI - Belmont Cragin
Lot Size Square Feet 3125
Street Name Diversey
Tax Annual Amount 2500
Additional Parcels Y/N N
Days on Market 30
Lease Type N/A
Standard Status Active
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ExteriorBuilding Area Total 2125
Lot Dimensions 25X125
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* Excluded FeaturesList ByArc Red Inc Arc Realty GroupBroker
andy@homebybroker.com; andrew@homebybroker.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,317
- Monthly Property Taxes
- $208
- Monthly 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.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $848,572
Percent of Sale Price 70%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/1/2024 | $499,000 | | Listed Price |