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Six-Unit Apartment Building
For Sale
Under Contract
$959,000

5007 W Diversey Avenue, Chicago, IL 60639

MULTI_FAMILY - Chicago, IL

Lot Size0.13 Acres
Days on Market83

Property Features for 5007 W Diversey Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 11
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 5, Bedroom 11, Bathroom 5, Bedroom 9, Bedroom 7, Bathroom 1, Bedroom 10, Bathroom 4, Bedroom 8, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Directions Between Central and Cicero on Diversey
Subdivision CHI - Belmont Cragin
Standard status Active Under Contract
APN 13284010500000
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 15677

Amenities

on-site laundry
hardwood floors

Building Details

Year built 1970
Floors in Building 3
Number of units 6
Building materials Brick, Concrete
Roof type Tar/Gravel
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Randy Ghanayem
Added: May 12 Changed: Aug 1 Last Checked: Aug 2 at 1:06PM
MLS# 12640176

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.

Investment Insights

Based on property information with market context.

This turnkey 6-unit apartment building was built in 1970 and features a unit mix of five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all above grade. The layout includes eat-in kitchens, and the upper-levels have hardwood floors. Updated bathrooms are present in most units. The property is described as maintained without deferred maintenance, and it includes an efficient heating setup with separate furnaces for the first-floor units and a shared system for the upper units. A leased coin-operated washer and dryer provides supplemental on-site income.

Set on a 0.1253-acre lot, the building includes 5 off-alley parking spaces. The roof is estimated at 10-12 years old, and a water heater is reported at approximately 3 years old. The property is located near Diversey, Cicero, and Fullerton, with access to CTA bus routes, Metra, and I-90/94, plus nearby shopping, dining, and recreation.

For investors or owner-operators, the described configuration supports stable in-place tenancy and operational efficiency while offering room to manage unit performance over time.

Key Highlights

  • Six above‑grade units: five 2‑bedroom/1‑bath and one 1‑bedroom/1‑bath
  • 0.1253‑acre lot plus 5 off‑alley parking spaces
  • Efficient heating setup with separate furnaces for first‑floor units and shared system for upper units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Skin Care Clinic Catering Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,803
Businesses Nearby

Demographics for 60639, IL

89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Zoned MULTI and built in 1970, this 6-unit building offers off-alley parking and an on-site leased coin laundry.
Where is this apartment building located?
The property is located at 5007 W Diversey Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Six above‑grade units: five 2‑bedroom/1‑bath and one 1‑bedroom/1‑bath; 0.1253‑acre lot plus 5 off‑alley parking spaces; Efficient heating setup with separate furnaces for first‑floor units and shared system for upper units
More about this property
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