5650 W Diversey Avenue , Chicago, IL 60639
Chicago, IL 60639
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.
Details
| MLS# | 12036088 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1930 |
| Days On Site | 271 |
| Listing Provided By | 773 Realty LTD | Nicholas Shabat |
Features
| SQ Feet | 5,500 |
|---|---|
| Story(s) | 3 |
| Units | 6 |
| Zoning | COMMR |
Market Activity 60639
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60639 |
| Area | CHI Belmont Cragin |
| Listing VS Median (in 60639) | |
Price: $739,000 low | high Med: $304,950 SqFt: 5,500 low | high Med: 1,381 $ / SqFt: $134 low | high Med: $221 On Site: 271 low | high Med: 250.500000 | |