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$ 425,000
Est. payment | /mo
3,600 SqFt
$ 425,000
Est. payment | /mo
3,600 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $118
MLS Listing ID 12790127
Year Built 1930
Annual Tax Amount $9,442
Tax Year 2024
Lot Dimensions 4125
Property Sub-Type Mixed Use
Property Description
This is a mixed-use investment opportunity situated in the Belmont Cragin neighborhood. Featuring solid masonry construction and strong bones, this property presents a clear value-add opportunity in a stable northwest side neighborhood. The asset has two commercial store fronts, two legal apartments, and one nonconforming unit (1R). The commercial space includes one fully updated, move-in ready vanilla box space that is ready for immediate lease-up or owner-user occupancy, as well as an established retail tenant. The property has ample surface parking space that is accessible from the alley. The parking is currently rented to a neighbor for car storage. With reliable in-place revenue, an easily rentable retail space, and substantial room to capture market rents through targeted residential updates, 5817 W. Diversey Ave. offers a value-add opportunity in a desirable Chicago neighborhood.
Location
State IL
County Cook
Area Chi - Belmont Cragin
Zoning COMMR
Interior
Cooling Window Unit(s)
Flooring Tile, Wood
Fireplace N
Exterior
Roof Type Rubber
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by James Thompson of Triton Realty Group LLC