5636-48 W Division Street
Chicago, IL, 60651
$2,249,500
3 Beds
3 Baths
0 SqFt
0 Acres
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$2,249,500
5636-48 W Division Street
Chicago, IL, 60651
MLS #MRD12390171 image #0MLS #MRD12390171 image #1MLS #MRD12390171 image #2MLS #MRD12390171 image #3MLS #MRD12390171 image #4MLS #MRD12390171 image #5MLS #MRD12390171 image #6MLS #MRD12390171 image #7MLS #MRD12390171 image #8MLS #MRD12390171 image #9MLS #MRD12390171 image #10MLS #MRD12390171 image #11MLS #MRD12390171 image #12MLS #MRD12390171 image #13MLS #MRD12390171 image #14MLS #MRD12390171 image #15MLS #MRD12390171 image #16MLS #MRD12390171 image #17MLS #MRD12390171 image #18MLS #MRD12390171 image #19MLS #MRD12390171 image #20MLS #MRD12390171 image #21MLS #MRD12390171 image #22MLS #MRD12390171 image #23MLS #MRD12390171 image #24
This 33-unit mixed-use property, a bank-owned asset in Chicago’s thriving North Austin neighborhood, presents an attractive investment opportunity in a historic urban setting. Constructed in 1925, the elegant terracotta building features 7 commercial storefronts, 20 one-bedroom/one-bathroom apartments, and 6 two-bedroom/one-bathroom apartments, creating a diverse and stable revenue stream. The property’s varied unit mix appeals to a wide range of tenants, from small businesses to residential renters. Significant value-add potential exists through targeted upgrades, including modernizing the commercial spaces (notably the vacant corner unit), enhancing on-site parking, and improving laundry facilities. With strategic renovations and efficient property management, investors can unlock substantial cash flow and long-term appreciation in Chicago’s dynamic rental market. Located in a vibrant, historic community with strong demand, this property is ideal for those looking to capitalize on the city’s growing real estate opportunities.

Property Details

Price:
$2,249,500
MLS #:
MRD12390171
Status:
Active
Beds:
3
Baths:
3
Type:
Commercial
Neighborhood:
chiaustin
Listed Date:
Jun 11, 2025
Total Sq Ft:
22,546
Year Built:
1925
Chi – AustinChiaustin

Schools

Interior

Exterior

Construction Materials
Brick

Financial

Maintenance Fee
$6,000
Net Operating Income
$324,034
Tax Year
2023
Taxes
$30,206
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Oct 04, 2025
1,113
Commercial Listed
161
Avg DOM
156
Avg $ / SqFt
$1,033,543
Avg List Price

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Property Summary

    5636-48 W Division Street Chicago IL is a Commercial for sale in Chicago, IL, 60651. It is listed for $2,249,500 To schedule a showing of MLS#mrd12390171 at 5636-48 W Division Street in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
5636-48 W Division Street
Chicago, IL