Address
5650 W Diversey Avenue, Chicago, IL
Price
$ 769,000
Property Attributes
- MLS#12036088
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - Belmont Cragin
- NeighborhoodBelmont Cragin
- Zip60639
- Style
- Year Built1930
- Taxes$ 7320
- Price$ 769,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5500
- Lot Size3,125 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property 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.
| Price History | |
|---|---|
| 4/24/2024 | Listed $769,000 |
General Features
| Cooling | Central Air,Central Individual |
|---|---|
| Possession | Negotiable |
| Zoning | COMMR |
| Construction Materials | Brick |
| Year Built | 1930 |
| Electric | Separate Meters,Service - 0 to 100 Amps |
| Tenant Pays | Electricity,Heat |
| Stories | 3 |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Gross Income | 5500 |
| County | Cook |
| Insurance Expense | 6000 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Austin to Diversey East to property |
| City | Chicago |
| Total Units | 6 |
| MLS Area | CHI - Belmont Cragin |
| Lot Size Square Feet | 3125 |
| Street Name | Diversey |
| Tax Annual Amount | 7320 |
| Electric Expense | 1440 |
| Fuel Expense | 2160 |
| Water Sewer Expense | 1680 |
| Additional Parcels Y/N | No |
| Days on Market | 11 |
| Standard Status | Active |
| Property Type | Mixed Use |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Building Area Total | 5500 |
| Lot Dimensions | 25X125 |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60639
Price
Taxes
Visits
Year Built
