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$319,000 Just Listed
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Property Description
Exceptional opportunity to acquire a mixed-use commercial property in the heart of the highly trafficked Division Central Business District. This long-established location has been home to a successful used furniture business for more than 25 years, benefiting from strong visibility and consistent pedestrian activity. The property features two storefront spaces: the main retail store located at 5511 W. Division Street and an adjoining 55111/2 W. Division Street unit, formerly operated as a restaurant, offering flexible potential for retail, food service, office, or other commercial uses. Adding further value, the rear portion of the main building includes a private 2-bedroom apartment with separate entrance, providing an excellent opportunity for owner occupancy, or additional rental income. The property also offers rear parking for two vehicles, a valuable amenity in this densely populated commercial corridor. Surrounded by established businesses and benefiting from substantial foot traffic. This property presents an outstanding investment or owner-user opportunity in a sought-after commercial location.
Full Property Details
Full Property Details for 5511 W Division St
General
- Price: $319,000
- Taxes: $3,384 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12775550
Interior
- Flooring: Varies
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: North or South on Central East or West on Division to 5511
- Location Details: Chicago West, Central Business District
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas, Hot Water, Radiators
Utilities
- Sewer: Public Sewer
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Sub-Flooring: Varies
- Stories/Levels: 1
- Current Bldg. Use: Commercial
- # of Stores: 2
- Year Built: 1920
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,750
- Lot Dimensions: 30 x 125
- Frontage: City Street
- Potential Use: Retail
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $2,200
- Assessment Year: 1920
- Tax Amount: $3,384.67
- Tax Year: 2025
- Tenant Pays: Electricity, Heat, Taxes, Insurance, Sewer
- Pays Electric: 1800
- Pays Sewer: Public Sewer
Disclosures and Reports
- Property ID: 16043000120000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 5511 W Division St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Brunson Math & Sci Specialty Elementary School 932 North Central Avenue, Chicago, IL 60651 | PK-8 | 0.3 mi |
Douglass Academy High School 543 North Waller Avenue, Chicago, IL 60644 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 5511 W Division St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,199
—
$19,600
118%
2023
$1,199
5%
$8,999
—
2022
$1,147
1%
$8,999
—
2021
$1,140
-48%
$8,999
-31%
2020
$2,210
-3%
$13,022
-12%
2019
$2,284
2%
$14,798
—
2018
$2,244
-7%
$14,798
1%
2017
$2,425
—
$14,638
—
2016
$2,432
10%
$14,638
—
2015
$2,202
20%
$14,638
18%
2014
$1,828
3%
$12,422
—
2013
$1,781
—
$12,422
—
2012
$1,781
—
$12,422
—
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 5511 W Division St
5511 W Division Street, Chicago, IL 60651 (MLS# 12775550) is a Commercial property. 5511 W Division Street is currently listed for $319,000 and was received on October 02, 2026. This property is listed by Joe Germinaro from our McMullen/O'Hare Office.Want to learn more about 5511 W Division Street? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.


