5650 W Diversey Avenue
Chicago, IL, 60639
$769,000
Beds
0 Baths
5,500 SqFt
0 Acres
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$769,000
5650 W Diversey Avenue
Chicago, IL, 60639
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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.

Property Details

Price:
$769,000
MLS #:
MRD12036088
Status:
Active
Beds:
0
Baths:
0
Address:
5650 W Diversey Avenue
Type:
Commercial
Subtype:
Mixed Use
City:
Chicago
Listed Date:
Apr 24, 2024
State:
IL
Finished Sq Ft:
5,500
ZIP:
60639
Year Built:
1930

Schools

Interior

Cooling
Central Air, Central Individual

Exterior

Construction Materials
Brick

Financial

Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT. FOR COMMERCIAL LEASE PROPERTIES, NET COMPENSATION MAY BE PAID ON NEGOTIATED VARIABLES AS INDICATED IN THE COMPENSATION/COMMISSION AGREEMENT.Net Sale Price
Tax Year
2022
Taxes
$7,320
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Debra Dobbs

Debra Dobbs

Realtor®

Phone 312 307-4909

Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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Courtesy of 773 Realty LTD. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
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5650 W Diversey Avenue
Chicago, IL