5948 W Diversey Avenue
Chicago, IL 60639

Status: Active
Multi Family
3 beds
0 baths
0 sq.ft
Listing Price: $499,000

About this home

**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.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1924
Parking Total 2
Exterior Building Type Brick
Parking On-Site Yes
Garage Type Detached
Parking Spaces Count 2
Parking Garage
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Belmont Cragin
Corporate Limits Chicago
Directions Diversey Ave East off Austin Ave on North Corner
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Subdivision Belmont Central
Township Jefferson
Interior Features
Basement Description Unfinished
Basement Bathrooms No
Basement Full
Bedrooms Count 3
Bedrooms Possible 3
Baths Count 4
Full Baths in Building Count 2
Half Baths in Building Count 2
Total Rooms 4
Units
unit 1
Baths Total 2
Appliances And Features None
Half Baths Total 2
Lease Expiration Date N/A
Rooms Total 1
Tenant Pays All
Floor Number 1
Square Feet 1100
unit 2
Beds Total 3
Baths Total 2
Appliances And Features Stove, Refrigerator, Washer, Dryer
Full Baths Total 2
Rooms Total 5
Tenant Pays All
Floor Number 2
Square Feet 1020
Property / Lot Details
Lot Dimensions 3125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13292240330000
Special Assessments N
Taxes $2,281
Tax Year 2021
$499,000 Listing Price:
MLS # 12037356
Investment Profile Residential Income
Listing Market Time 23 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 05/01/2024
Year Built 1924
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