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Two-Flat Condo Building
For Sale
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1412 W Diversey Pkwy, Chicago, IL 60614

Two-flat condo building with penthouse and duplex configurations, offered for sale as a deconversion or rehab candidate.

Property SizeContact for details
Days on Market122

Property Features for 1412 W Diversey Pkwy

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Millennium Properties R/E
Listed By: Arthur Hailand · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 6:29PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Millennium Properties R/E

Investment Insights

Based on property information with market context.

A 5,500 square foot two-flat condo building is available for sale, featuring multiple residential layouts. The building includes a 4-bedroom, 2.1-bath penthouse, as well as a 2,500 square foot duplex with 3 bedrooms and 2.1 baths. A separate 3,000 square foot triplex penthouse includes cathedral ceilings, a fireplace, and two private decks, including an 800 square foot rooftop with skyline views.

Located just west of Southport, the property is being marketed for users or investors interested in deconversion. The building can also potentially be rehabbed to add additional units, and units may be available individually, depending on buyer needs.

Overall, the configuration supports a range of ownership and renovation approaches based on the existing condo and penthouse mix described in the offering.

Key Highlights

  • 5,500 SF two‑flat condo building just west of Southport
  • Includes a 2,500 SF duplex with 3 bedrooms and 2.1 bathrooms
  • Penthouse configuration includes a 4‑bedroom, 2.1‑bath unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Butcher Fish Market Tattoo & Piercing Shop

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

Location Intelligence

Trade Area within ½ mile

3,850
Businesses Nearby

Demographics for 60614, IL

73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
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 - Two-flat condo building with penthouse and duplex configurations, offered for sale as a deconversion or rehab candidate.
Where is this apartment building located?
The property is located at 1412 W Diversey Pkwy Chicago, IL.
What are key features of this property?
This property features: 5,500 SF two‑flat condo building just west of Southport; Includes a 2,500 SF duplex with 3 bedrooms and 2.1 bathrooms; Penthouse configuration includes a 4‑bedroom, 2.1‑bath unit
More about this property
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