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    5159 W Diversey Ave Chicago, IL 60639

    Sponsored
    For Sale
    $1,269,000

    COMMERCIAL - Chicago, IL

    Type:Retail
    Lot size:
    0.22 Acres
    Days on Market:
    75
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 5159 W Diversey Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR
    APN
    13284000030000
    Lot size
    0.22 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1943
    Floors in Building
    1
    Number of units
    5

    Coldwell Banker Leader Realty (312) 513-4490 [email protected]

    Listing agent Mark Ahmad (773) 983-1553

    Listing date Oct 23, 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.

    Overview

    Chicago Retail Investment Opportunity

    Located at a major intersection on the corner of Diversey and Laramie Avenues, this commercial property benefits from dense pedestrian traffic, strong street presence, and high visibility. The property features five leased retail stores situated in a heavily business and commercial district, across the street from a Walgreens and currency exchange stores. The building encompasses approximately 7,500 square feet and includes four tandem parking spaces located at the rear. The property is located in a well-populated commercial and residential neighborhood. The lot size is 0.22 acres. The property consists of multiple pins: Pin # 13284000010000 for $ 13,120, Pin # 2: 13284000020000 for $ 5,553, and Pin # 3: 13284000030000 for $ 10,185. The zoning is COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Cell Phone Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7562331
    Latitude
    41.9312056

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    FAQs

    What type of property is this?
    Strip mall - Leased retail stores in a high-traffic commercial corridor.
    Where is this strip mall located?
    The property is located at 5159 W Diversey Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,269,000.
    What are key features of this property?
    This property features: - 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.
    (773) 983-1553
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5159 W Diversey Ave Chicago, IL 60639
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