5650 W Diversey Avenue Chicago, IL ^$ 739,000

5650 W Diversey Avenue

^$ 739,000

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5650 W Diversey Avenue

Chicago, IL, 60639

^$ 739,000

Studio Baths0.0 Sq 5,500

Monthly Estimate*

^$ 4,912

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Studio

Commercial Property for sale in Chicago, IL

for $739,000. This 5,500 square foot building was built in 1930 on a lot size of 0.07174.

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.

Commercial Active

Price

^$ 739,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 7,320

Style

Lot Size

0.07174

Year Built

1930

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12036088

Features

General

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 Mixed Use

Status Active

Directions Austin to Diversey East to property

City Chicago

NumberOfUnitsTotal 6

MLS Area CHI - Belmont Cragin

Lot Size Square Feet 3125

Street Name Diversey

Tax Annual Amount 7320

Electric Expense 1440

Fuel Expense 2160

Trash Expense 0

Water Sewer Expense 1680

Additional Parcels Y/N N

Days on Market 41

Standard Status Active

Exterior

Foundation Details Concrete Perimeter

Building Area Total 5500

Lot Dimensions 25X125

Exterior Brick

Interior

Street Suffix Avenue

* Excluded Features

List By

773 Realty Ltd

Broker

773Realtychicago@gmail.com

Affordability Calculator

$5,522

Per Month

Monthly Principal & Interest: $4,912
Monthly Property Taxes: $610
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$844,965

Percent of Sale Price 14%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/30/2024	$739,000	-3.90%	Price Down
4/24/2024	$769,000		Listed Price

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5650 W Diversey Avenue, Chicago, IL, 60639 is a Commercial Property for sale at $739,000 with 5,500 sqft and a lot size of 0.07174. 5650 W Diversey Avenue is a studio with 0.0 baths and was built in 1930. The property's zip code is 60639 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/5/2024.

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5650 W Diversey Avenue

Commercial Property for sale in Chicago, IL

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