5948 W Diversey Avenue
Chicago, IL, 60639 $ 499,000
Bedrooms3 Baths4.2 Sq 2,120 Monthly Estimate*
$ 3,317
for $499,000 with 3 bedrooms and 4 full baths, 2 half baths. This 2,120 square foot home was built in 1924.
**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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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Possession Closing
Garage Spaces 2
Year Built 1924
Township Jefferson
Tax Year 2021
Percent Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Subdivision Name Belmont Central
Total Rooms 4
Status Active
Directions Diversey Ave East off Austin Ave on North Corner
City Chicago
High School District 299
MLS Area CHI - Belmont Cragin
Waterfront Y/N N
Street Name Diversey
Tax Annual Amount 2281
Days on Market 30
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Full Unfinished
Street Suffix Avenue
Total Bedrooms 3
Total Baths 4
Bedrooms Possible 3
Full Baths Building 2
Half Baths Building 2
Total Number of Units 2
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ExteriorWater Source Public
Total Parking 2
Lot Dimensions 3125
Garage Onsite Yes
Garage Type Detached
Exterior Brick
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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
- $190
- 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 NearbyMulti-family listings in Chicago, IL
Average List Price $642,004
Percent of Sale Price 29%
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.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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5/1/2024 | $499,000 | | Listed Price |