Properties

Features
: Wall Sleeve
: None
Address Map
US
IL
Cook
Chicago
60639
Diversey
5007
Avenue
W88° 14' 53.1''
N41° 55' 52.4''
Between Central and Cicero on Diversey
CHI - Belmont Cragin
CHI - Belmont Cragin
W
W
MULTI
Additional Information
6716
: Brick , Concrete
: Multi-Family
Circuit Breakers
Circuit Breakers
: Concrete Perimeter
44 X 124
6
6
989000
3
Coldwell Banker Real Estate Group
Randy Ghanayem
Financial
15676.71
Listing Information
Rania Ghanayem
23177
Coldwell Banker Real Estate Group
268621
23177
MRED
Listing Information
268626
23177
Coldwell Banker Real Estate Group
Contingent
2026-06-10T20:06:04Z
2026-06-10T20:05:14Z
Property Description

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.

Commercial Sale For Sale

5007 W Diversey Avenue, Chicago, Illinois 60639

$959,000
Listing ID#12640176
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12640176
Price : $959,000
Year Built : 1970
Listing Status : Active Under Contract
Roof
Roof : Tar/Gravel
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