5650 W Diversey Ave - Apartments FOR SALE


Chicago, IL 60639
$739,000 USD
773-242-0672
5650 W Diversey Ave, Chicago, IL for Sale
$739,000 USD
Apartments - FOR SALE
1/28
null | 6.68% Cap Rate

5650 W Diversey Ave
Chicago, IL 60639


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$739,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

6

PRICE/UNIT

$123,167

CAP RATE

6.68%

% LEASED

100%

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B3-1

APN/PARCEL ID

13-29-230-030-0000

ASK ABOUT THIS PROPERTY

Nicholas Shabat773 Realty LTDMore Info
773-242-0672

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Nicholas Shabat773 Realty LTDMore Info
773-242-0672

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.