5007 W Diversey Avenue
Chicago, IL, 60639
$959,000
3 Beds
2 Baths
0 SqFt
0 Acres
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MLS #MRD12640176 image #0
Price Reduced – Turnkey 6-Unit Investment Opportunity Turnkey 6-unit investment opportunity in the highly desirable Belmont Cragin neighborhood. This well-maintained 1970s yellow brick building features a strong unit mix of five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all above grade with spacious layouts and eat-in kitchens. Many units have been updated over time, reflecting consistent ownership and pride of maintenance, with no deferred maintenance. The property offers operational efficiency with separate furnaces for first-floor units and a shared system for upper units, helping manage heating costs effectively. Additionally, a leased coin-operated washer and dryer provides supplemental income. Interior features include hardwood floors on upper levels, updated bathrooms in most units, and strong long-term tenancy, supporting stable in-place cash flow. Major improvements include a water heater (~3 years old) and a roof estimated at 10-12 years old. The property sits on a generously sized lot with 5 off-alley parking spaces, enhancing tenant appeal and occupancy stability. Ideally located near Diversey, Cicero, and Fullerton, with easy access to CTA bus routes, Metra, and I-90/94. Minutes from Brickyard Mall, grocery stores, dining, and retail, with Riis Park nearby offering extensive recreational amenities. Strong Walk Score of 83 with solid transit and bike accessibility. Investment Highlights Price Reduced – Attractive entry point for investors Strong in-place income with clear upside potential Opportunity to increase rents to market levels and enhance NOI Efficient heating setup (separate + shared systems) Additional income from on-site laundry Ideal for investors seeking immediate cash flow + long-term appreciation Financials, rent roll, and pro forma projections available upon request.

Property Details

Price:
$959,000
MLS #:
MRD12640176
Status:
Active Under Contract
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
chibelmontcragin
Listed Date:
May 12, 2026
Total Sq Ft:
6,716
Year Built:
1970
Chi – Belmont CraginChibelmontcragin

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Schools

Interior

Cooling
Wall Sleeve

Exterior

Construction Materials
Brick, Concrete
Roof
Tar/Gravel
Stories
3

Financial

Maintenance Fee
$1,000
Net Operating Income
$61,104
Tax Year
2024
Taxes
$15,677

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Jun 16, 2026
916
Commercial Listed
186
Avg DOM
$990,126
Avg List Price

Property Summary

    5007 W Diversey Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60639. It is listed for $959,000

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5007 W Diversey Avenue
Chicago, IL