5650 West Diversey Avenue

Chicago, IL 60639

$739,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Nicholas Shabat • 773 Realty LTD

Property Details for 5650 West Diversey Avenue

Area
CHI - Belmont Cragin
Zoning
COMMR
LISTING UPDATED: 11/05/2024 12:07 AM

Property Details for 5650 West Diversey Avenue

StatusActive
MLS #12036088
Days on Market273
Taxes$7,320 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1930
Lot Size0.07 AC / 3,125 SF
CountyCook County

Building Information for 5650 West Diversey Avenue

Stories3Residences6Year Built1930Lot Size0.07 AC / 3,125 SF

Property Information for 5650 West Diversey Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: Chicago Northwest
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Central Individual
  • Electric: Separate Meters, Service - 0 to 100 Amps
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
  • Water Drainage: Floor Drains
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 3125.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5500
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 28
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $1,440.00
  • Fuel Expense: $2,160.00
  • Gross Income: $5,500.00
  • Gross Scheduled Income: $68,000.00
  • Insurance Expense: $6,000.00
  • Total Monthly Income: 5666
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,680.00

Property History for 5650 West Diversey Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5650 West Diversey Avenue

Taxable ValueLand$7,818Additions$31,187Total$39,005
Tax Record2022$7,319 ($610 / month)
Home Facts
Baths6.5Total Finished SqFt3,782 SqFtAbove Grade Finished SqFt3,782 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1932CountyCOOKAPN13-29-230-030

Schools near 5650 West Diversey Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Schubert Elementary School
PublicPK to 5

Northwest Middle School
Public6 to 8

Steinmetz Academic Centre High School
Public9 to 12

CICS West Belden
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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5650 West Diversey Avenue is a mixed use property for sale in Chicago, IL 60639. This property was listed for sale on April 24, 2024 by 773 Realty LTD, it's currently listed at $739,000. It has been on the market for a total of 273 days and was last sold on March 5, 2004. This listing's school district is Chicago Public Schools. Nearby schools include Schubert Elementary School, Northwest Middle School and Steinmetz Academic Centre High School. 5650 West Diversey Avenue is a 0-bed, 0-bath, mixed use property built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 773 Realty LTD

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/05/2024 12:07 AM. 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.