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5948 W Diversey Avenue, Chicago, IL 60639
$499,000
5948 W Diversey Avenue, Chicago, IL 60639View this property at 5948 W Diversey Avenue, Chicago, IL 60639
5948 W Diversey AvenueChicagoIL60639
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Property Description
**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. Explore the possibilities and embark on your next commercial venture with this premier Chicago property. All info/numbers subject to change without notice, buyer to perform own DD. Ask LB for additional information.
Full Property Details
Full Property Details for 5948 W Diversey Ave
General
- Price: $499,000
- Taxes: $2,500 (2022)
- Status: Active
- Type: Business
- MLS ID: 12044333
- Updated: 5/7/2024
- Added to Site: 20 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge
- Years in Business: 11 or More
Parking
- Parking Features: Parking-Street
Location
- Area: CHI - Belmont Cragin
- County: Cook
- Driving Directions: Austin to Diversey, East to Address.
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Radiators
Structural Information
- Stories/Levels: 2
- Square Feet: 2,125
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $2,500
- Tax Year: 2022
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 13292240330000
Listed by Arc Red Inc Arc Realty Group
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Schools
Schools serving 5948 W Diversey Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2941 N McVicker Ave, Chicago, IL 60634 | PK-8 | 0.2 mi | |
3030 N Mobile Ave, Chicago, IL 60634 | 9-12 | 0.5 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 5948 W Diversey Ave
Date
Details
Price
Change
Source
5/01/2024
Listed
$499,000
13.41%
MLS
5/30/2006
Sold
$440,000
—
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 5948 W Diversey Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$2,296
1%
$18,005
—
2021
$2,281
-31%
$18,005
-14%
2020
$3,300
-5%
$21,020
-13%
2019
$3,476
2%
$24,162
—
2018
$3,416
-8%
$24,162
-7%
2017
$3,726
-14%
$26,012
—
2016
$4,353
11%
$26,012
—
2015
$3,933
-19%
$26,012
—
2014
$4,828
23%
$26,024
—
2013
$3,913
9%
$26,024
—
2012
$3,583
—
$26,024
—
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 5948 W Diversey Ave
5948 W Diversey Avenue, Chicago, IL 60639 (MLS# 12044333) is a Business property. 5948 W Diversey Avenue is currently listed for $499,000 and was received on May 01, 2024. Want to learn more about 5948 W Diversey Avenue? Do you have questions about finding other Business real estate for sale in Belmont Cragin? You can browse all Belmont Cragin real estate or contact a Coldwell Banker agent to request more information.