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Listing provided courtesy of Strauss Realty LtdMREDas Distributed by MLSGrid- MLS# 12112484MLS Provider

1551 W Division StreetChicago, IL 60642

Commercial · 2,800 Sq. ft.
$825,000 Active

1551 W Division Street Overview

Time on Site:
713 days
Visits:
14

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.

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1551 W Division Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,800
  • Price/Sq.ft. $295

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Net
  • Net Operating Income: 0

Building Information

  • Year Built: 1878

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - West Town
  • Township: West Chicago

Rent/Lease Information

  • Tenant Pays: Other

Tax Information

  • Tax Annual Amount: $20,477.00
  • Tax Year: 2022

General Information

  • Parcel Number: 17053000030000
  • Property Sub Type: Other
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 2800

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Leasable Area: 2800
  • Stories: 2

Unit Information

  • Unit SqFt.: 2800

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25X125
  • Lot Size Square Feet: 3125

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 1

1551 W Division Street Neighborhood

Community

60642 (Chicago) Demographics

32
Median Age
11,650
Population Density (per sq. mile)
78%
College Educated
$120,442
Estimated Median Income
3,519
Estimated Total Home Owners
6,220
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1551 W Division Street Monthly Cost

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$ %
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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1551 W Division Street Market Data

Based on the last 30 days in this zip code

$703,783
Average List Price
$567
Average Price per Square Foot
38
Properties Sold
30
Average Days on Market
68
Properties for Sale
Calculations provided by Reliance Network

1551 W Division Street History

Date Event Value Agent
4/18/2026Source: MRED Status Change
Active
4/13/2026Source: MRED Price Reduction
$825,000 -2.8%
4/13/2026Source: MRED Status Change
Price Change
3/3/2026Source: MRED Status Change
Active
2/26/2026Source: MRED Price Reduction
$849,000 -5.6%
2/26/2026Source: MRED Status Change
Price Change
7/21/2024Source: MRED Status Change
Active
7/16/2024Source: MRED Added to Database
July 16, 2024