Description for
5650 W Diversey AvenueChicago, IL 60639
Investment opportunity to own an all brick 6 Unit Mixed-Use building in Chicago's Belmont-Cragin neighborhood. This property features 4 - 2bd/1ba units, 1 - 1bd/1ba unit, and a local bar on the main level. The 3 rear residential units have been completely gut rehabbed in 2015 and are condo quality including hardwood floors, stainless steel appliances, and granite counters. The 2 front residential units had some updates. All 6 units have their individual HVAC and the 2 rear units have their individual hot water heaters. The roof was updated in 2015. The current rent is WELL BELOW market value and are all month to month. (With the market value, the Total Annual Income before expenses should be around $90,000 off rent alone). Additional income from coin laundry. Explore the possibilities of being a Chicago commercial property owner.
Price
$769,000
Cook
5,500 (approx)
12036088
Active
Description
Investment opportunity to own an all brick 6 Unit Mixed-Use building in Chicago's Belmont-Cragin neighborhood. This property features 4 - 2bd/1ba units, 1 - 1bd/1ba unit, and a local bar on the main level. The 3 rear residential units have been completely gut rehabbed in 2015 and are condo quality including hardwood floors, stainless steel appliances, and granite counters. The 2 front residential units had some updates. All 6 units have their individual HVAC and the 2 rear units have their individual hot water heaters. The roof was updated in 2015. The current rent is WELL BELOW market value and are all month to month. (With the market value, the Total Annual Income before expenses should be around $90,000 off rent alone). Additional income from coin laundry. Explore the possibilities of being a Chicago commercial property owner.
Listing Information
Property Type: Mixed Use, Business Opportunities, 3+ Story
0.07 Acres
5,500 (approx)
1930
3
Brick
Concrete Perimeter
6 Total
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
Brick
25X125
COMMR
Driving Directions
Austin to Diversey East to property
Financial Considerations
13292300300000
$7,320
Listing Price History
Chicago Real Estate
Chicago is located in Illinois.
Chicago, Illinois 60639 has a population of 2,781,445.
The median household income in Chicago, Illinois 60639 is
$48,968.
The median household income for the surrounding county is $68,916
compared to the national median of $66,222.
The median age of people living in Chicago 60639 is 38 years.
Loading nearby sales and history ...
Courtesy: 773 Realty LTD
Listings courtesy of MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 5/15/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
This content last refreshed on 5/15/2024 6:33 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
