5007 W Diversey Avenue

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Address: 5007 W Diversey Ave, Chicago, IL 60639, USA
Chicago & Midwest + Apartment Buildings
Created date: May 12, 2026
Date last updated: October 2, 2026
Price: $959,000Investment Analyzer NEW!

Property Description

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.
Under Contract

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Broker Details

Randy Ghanayem
Randy Ghanayem

Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2411 MLS ID: 268621

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Key Property Information

Listing Status: Under Contract
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $959,000
No. of Units: 6
Year Built: 1970
Opportunity Zone: No
Price per unit: $159,833
Property Website Click Here
Number of Bedrooms: 11
Number of Bathrooms: 6
Address: 5007 W Diversey Avenue, Chicago, IL 60639, USA
Provided by:
Standard Status: Active Under Contract
MLS Listing Number: 12640176
ID: 3yd-MREDIL-12640176
Copyright Disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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