5511 W Division Street Chicago, IL $ 319,000
5511 W Division Street
$ 319,000
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5511 W Division Street

Chicago, IL, 60651
$ 319,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,014

5511 W Division Street, Chicago, IL 60651 - Image 1
5511 W Division Street, Chicago, IL 60651 - Image 2
5511 W Division Street, Chicago, IL 60651 - Image 3
5511 W Division Street, Chicago, IL 60651 - Image 4
5511 W Division Street, Chicago, IL 60651 - Image 5

Commercial Property for sale in Chicago, IL

for $319,000. This building was built in 1920 on a lot size of 0.086088.

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.

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Commercial Active

Price

$ 319,000

Property Type

Commercial

Taxes

$ 3,384

Style

Commercial

Lot Size

0.086088

Year Built

1920

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12775550

Features
General
Sewer Public Sewer
Cooling None
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available
Possession Closing
Zoning RTAIL
Construction Materials Brick
Year Built 1920
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Electricity Heat Taxes Insurance Sewer
Stories Count 1
Township West Chicago
Property Subtype Mixed Use
Tax Year 2025
Current Use Commercial
Gross Income 0
County Cook
Insurance Expense 2200
Property Type Commercial Sale Mixed Use
Possible Use Retail
Status New
Directions North or South on Central East or West on Division to 5511
City Chicago
Number Of Units Total 3
MLS Area CHI - Austin
Lot Size Square Feet 3750
Tax Annual Amount 3384.67
Electric Expense 1800
Fuel Expense 1800
Trash Expense 0
Water Sewer Expense 2800
Additional Parcels Y/N N
Standard Status Active
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Interior
Flooring Varies
Total Fireplaces 0
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Exterior
Foundation Details Concrete Perimeter
Lot Dimensions 30x125
Frontage Type City Street
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* Excluded Features
List By
Coldwell Banker Realty

Broker

joeg4278@hotmail.com

Email

Affordability Calculator

$2,296
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,014
Monthly Property Taxes
$282
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/2/2026$319,000 Listed Price

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5511 W Division Street, Chicago, IL, 60651 is a Commercial Property for sale at $319,000 with a lot size of 0.086088. 5511 W Division Street was built in 1920. The property's zip code is 60651 which is in Chicago, IL