Description
2018 W. DIVISION STREET is a masonry, fee-simple, mixed-use building with 6,302 gross square feet of space. The building has two commercial spaces, one occupying the ground floor of the three-story structure, one occupying a one-story structure adjacent to the three-story portion of the structure, & two apartments, one each on the second & third floor. According to the City of Chicago Zoning Map, the property is zoned B3-2, Community Shopping District. HIGHLY DESIRABLE LOCATION - Located along Division Street between Damen and Hoyne Avenue, the Property is well-positioned in a heavily populated and traveled area. The Property benefits from its close proximity to the Kennedy Expressway (Interstate 90/94), Blue Line 'L" Station, and proximity to the city's central business district. VALUE-ADD / OWNER USER OPPORTUNITY - The ground floor retail space has been occupied by the current tenant since 2011. The two apartments on the upper floors are vacant. The Property is ideal for an owner/user to occupy the ground floor retail space. Additionally, a new buyer can significantly increase the apartment rents by remodeling the units. EASY ACCESS TO PUBLIC TRANSIT - The Property is located 0.5 miles from the CTA Division Blue Line 'L' connecting Wicker Park to O'Hare International Airport and downtown Chicago's Loop.
Location
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