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2641 W Division Street, Chicago, IL 60622
$998,500
2641 W Division Street, Chicago, IL 60622View this property at 2641 W Division Street, Chicago, IL 60622
2641 W Division StreetChicagoIL60622
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Property Description
Opportunity awaits in West Town - East Humboldt Park! Great income-producing building with a strong CAP Rate for investment or owner-occupied. Legal 3 Unit building. 1,800 sq. ft. per floor. Two very large full-floor apartments (2) Three bed/2 bath apartments. Both have in-unit washer/dryer. Strong commercial tenant in the ground floor storefront. New facade and windows, remodeling, 2 car garage. Vibrant area with lots of new construction. Hold as an investment or use as live/work or as owner-occupied and collect rents. See Additional Info for financial information. Video walkthrough available.
Full Property Details
Full Property Details for 2641 W Division St
General
- Price: $998,500
- Taxes: $12,668 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11919169
- Updated: 4/10/2024
- Added to Site: 96 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- Driving Directions: West of Western Avenue (2400W) on Division (1200N) to 2641 W Division
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Construction: Brick, Block
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
- Stories/Levels: 3
- Square Feet: 5,300
- Year Built: 1918
- Built Before 1978: Yes
Unit Information
- # Tenants: 3
- Units w/Refrigerators: 2
- Units w/Range/Oven: 2
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 3,096
- Lot Dimensions: 25 x 125
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $5,441
- Operating Expenses: $23,555
- Other Fee: $1,200
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1918
- Tax Amount: $12,668.7
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat, Taxes, Insurance, Repairs, Varies by Tenant
- Pays Electric: 263
Disclosures and Reports
- Property ID: 16014010470000
Listed by Fulton Grace Realty
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Schools
Schools serving 2641 W Division St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2450 W Rice St, Chicago, IL 60622 | PK-8 | 0.5 mi | |
1147 N Western Ave, Chicago, IL 60622 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2641 W Division St
Date
Details
Price
Change
Source
3/21/2024
Price Reduced
$998,500
-5.79%
MLS
2/26/2024
Price Reduced
$1,059,900
-1.85%
MLS
2/15/2024
Listed
$1,079,900
92.84%
MLS
5/12/2022
Sold
$560,000
—
Public Record
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
Tax History for 2641 W Division St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$11,518
-9%
$56,000
-11%
2021
$12,669
13%
$63,000
25%
2020
$11,217
-2%
$50,351
-12%
2019
$11,496
2%
$57,218
—
2018
$11,302
10%
$57,218
20%
2017
$10,246
7%
$47,596
—
2016
$9,533
9%
$47,596
—
2015
$8,722
27%
$47,596
29%
2014
$6,867
2%
$37,009
—
2013
$6,731
1%
$37,009
—
2012
$6,641
—
$37,009
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2641 W Division St
2641 W Division Street, Chicago, IL 60622 (MLS# 11919169) is a Commercial property. 2641 W Division Street is currently listed for $998,500 and was received on February 15, 2024. Want to learn more about 2641 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.