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$ 959,000
Est. payment /mo
Price Dropped by $30K
5007 W Diversey AVE Chicago, IL 60639
6,716 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,716 sqft
Price per Sqft $142
MLS Listing ID 12640176
Maintenance Fees $1,000
Year Built 1970
Annual Tax Amount $15,676
Tax Year 2024
Lot Dimensions 44 X 124
Property Sub-Type Multi Family 5+
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.
Location
State IL
County Cook
Area Chi - Belmont Cragin
Zoning MULTI
Rooms
Basement None
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
Roof Type Tar/Gravel
Building
Dwelling Type Multi Family 5+
Structure Type Brick,Concrete
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Randy Ghanayem of Coldwell Banker Real Estate Group