5159 W Diversey Avenue Chicago, IL 60639
COMMERCIAL - Chicago, IL
- Added:
- Aug 11, 2025
- Days on Market:
- 336
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 5159 W Diversey Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- Standard status
- Active
- APN
- 13284000030000
- Size
- 7,500 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 28858
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1943
- Floors in Building
- 1
- Number of units
- 5
Listing agent Mark Ahmad License #471007186 (312) 513-4490
Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL (773) 465-4200
Listing date Aug 11, 2025
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.
Key Highlights
- High‑traffic corner location at Diversey and Laramie Avenues.
- Strong street presence and visibility in a dense commercial corridor.
- Fully leased: 5 retail stores providing immediate income.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.5k | $22.20 |
| − Vacancy | −$13.7k | −$1.82 |
| EGI | $152.8k | $20.38 |
| − OpEx | −$45.9k | −$6.11 |
| NOI | $107.0k | $14.27 |
