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$899,000

  • For Sale
  • Active
  • Commercial
  • 2,800 Sq. Ft.
See This Home
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Great opportunity to own or lease a unique 2800 SF clear-span building with 22.5' high ceiling! No columns or pillars. The lot is 3,125 SF. There is a partial basement with 7' ceiling. Formerly housing evilOlive, a renowned bar/nightclub, this location boasts tremendous visibility from the 3 streets forming Polish Triangle. Division CTA Blue line and bus stops are located just across the street. Vehicle traffic counts along these streets include: 15,400 VPD on Division Street, 23,400 VPD on Ashland Avenue, and 12,100 VPD on Milwaukee Avenue. I-90/94 ramp is 2 blocks away for convenient access. The immediate vicinity features a lively mix of bars, restaurants, and well-known retailers such as Target, Popeyes, Wendy's, Foot Locker, Fifth Third Bank, PNC Bank and Verizon.

Full Property Details for 1551 W Division St

General

  • Price: $899,000
  • Taxes: $20,477 (2022)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12112484
  • Updated: 7/10/2025
  • Added to Site: 550 day(s) ago

Additional Information

  • Security/Safety: Other

Location

  • Area: CHI - West Town
  • County: Cook
  • Township: West Chicago
  • Driving Directions: Division Street between Ashland Avenue and Milwaukee Avenue. Next to Popeye's.

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Ceiling Height: 22
  • Stories/Levels: 2
  • Square Feet: 2,800
  • Year Built: 1878

Lot Features

  • Lot Size (Sq. Ft.): 3,125
  • Lot Dimensions: 25 x 125
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Other
  • Assessment Year: 1878
  • Tax Amount: $20,477
  • Tax Year: 2022

Disclosures and Reports

  • Property ID: 17053000030000

Listed by Strauss Realty Ltd

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Listing agent

— 1551 W Division St —

  • Strauss Realty Ltd

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1551 W Division St

School District:Chicago Public School District 299
NameGradesDistance
Otis Elementary School
525 North Armour Street, Chicago, IL 60642
K-80.8 mi
Wells Community Academy High School
936 North Ashland Avenue, Chicago, IL 60622
9-110.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1551 W Division St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/16/2024
Listed
$899,000
79.8%
MLS
9/10/2013
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1551 W Division St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,654
-14%
$81,153
-16%
2022
$20,477
59%
$96,830
55%
2021
$12,893
20%
$62,375
33%
2020
$10,744
-24%
$46,779
-32%
2019
$14,184
-16%
$68,472
-17%
2018
$16,899
53%
$82,934
67%
2017
$11,042
7%
$49,641
—
2016
$10,314
2%
$49,641
-7%
2015
$10,121
8%
$53,136
9%
2014
$9,413
2%
$48,724
—
2013
$9,256
1%
$48,724
—
2012
$9,159
—
$48,724
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Strauss Realty Ltd

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1551 W Division Street, Chicago, IL 60642 (MLS# 12112484) is a Commercial property. 1551 W Division Street is currently listed for $899,000 and was received on July 16, 2024. Want to learn more about 1551 W Division Street? Do you have questions about finding other Commercial real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.

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