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About the Listing 23177 - 268621,268626
Price Reduced - Turnkey 6-Unit Investment Opportunity Turnkey 6-unit investment opportunity in the highly desirable Belmont Cragin neighborhood. This well-maintained 1970s yellow brick building features a strong unit mix of five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all above grade with spacious layouts and eat-in kitchens. Many units have been updated over time, reflecting consistent ownership and pride of maintenance, with no deferred maintenance. The property offers operational efficiency with separate furnaces for first-floor units and a shared system for upper units, helping manage heating costs effectively. Additionally, a leased coin-operated washer and dryer provides supplemental income. Interior features include hardwood floors on upper levels, updated bathrooms in most units, and strong long-term tenancy, supporting stable in-place cash flow. Major improvements include a water heater (~3 years old) and a roof estimated at 10-12 years old. The property sits on a generously sized lot with 5 off-alley parking spaces, enhancing tenant appeal and occupancy stability. Ideally located near Diversey, Cicero, and Fullerton, with easy access to CTA bus routes, Metra, and I-90/94. Minutes from Brickyard Mall, grocery stores, dining, and retail, with Riis Park nearby offering extensive recreational amenities. Strong Walk Score of 83 with solid transit and bike accessibility. Investment Highlights Price Reduced - Attractive entry point for investors Strong in-place income with clear upside potential Opportunity to increase rents to market levels and enhance NOI Efficient heating setup (separate + shared systems) Additional income from on-site laundry Ideal for investors seeking immediate cash flow + long-term appreciation Financials, rent roll, and pro forma projections available upon request.
Listing Highlights
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
12640176
Year Built
1970
Total Square Footage
6,716
Lot/Acreage
0.13
County
Cook
Area
CHI - Belmont Cragin
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Wall Sleeve
- Heating: Electric,Forced Air,Gas,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 44 X 124
- Zoning: MULTI
- Roof: Tar/Gravel
- Others:
- Sewer:
- Parking Features: 1-5 Spaces
Financial Details
- Tax Amount: $15,677
- Taxes w/Assessments: N/A
- Tax/Property ID: 13284010500000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
5007 W Diversey Ave Chicago, IL 60639
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