5948 W Diversey Avenue Chicago, IL $ 499,000
5948 W Diversey Avenue
$ 499,000
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5948 W Diversey Avenue

Chicago, IL, 60639
$ 499,000
Baths0.0 Sq 2,125

Monthly Estimate*

$ 3,317

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Studio

Commercial Property for sale in Chicago, IL

for $499,000. This 2,125 square foot building was built in 1924 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. "As-Is" Explore the possibilities and embark on your next commercial venture with this premier Chicago property.

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Commercial Active

Price

$ 499,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,254

Style

Lot Size

0.07174

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12019092

Features
General
Cooling Window Unit(s)
Possession Closing
Construction Materials Brick
Year Built 1924
Electric Circuit Breakers
Tenant Pays Electricity
Stories 2
Property SubType Apts/Ofc/Store Apts/Ofc Apts/Stores
Tax Year 2022
Gross Income 78000
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial
Status Active
Directions DIVERSEY EAST OF AUSTIN TO PROPERTY
City Chicago
NumberOfUnitsTotal 2
MLS Area CHI - Belmont Cragin
Lot Size Square Feet 3125
Street Name Diversey
Tax Annual Amount 1254
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 59
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 2125
Lot Dimensions 25X125
Frontage Type City Street
Exterior Brick
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Arc Red Inc Arc Realty Group

Broker

andy@homebybroker.com; andrew@homebybroker.com

Email

Affordability Calculator

$3,421
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,317
Monthly Property Taxes
$105
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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/3/2024$499,000 Listed Price

Map


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5948 W Diversey Avenue, Chicago, IL, 60639 is a Commercial Property for sale at $499,000 with 2,125 sqft and a lot size of 0.07174. 5948 W Diversey Avenue is a studio with 0.0 baths and was built in 1924. The property's zip code is 60639 which is in Chicago, IL