Mixed-Use Building with Office
5543 West Diversey Avenue Chicago, IL 60639
For Sale
$725,000
Two 3-bedroom apartments sit above office space duplexed to a fixed basement with separate HVAC systems.
Property Size3,125 SF
Price / SF$232
Days on Market475
Property Features for 5543 West Diversey Avenue
General Information
- Standard status
- Active
- Size
- 3,125 SF
Building Details
- Year Built
- 1929
Listing Agency:
R4 Commercial Real Estate Solutions
(312) 610-0370
Listed By:
Heriberto Ruiz
(312) 610-0370
Source:
Compass
Added: Apr 5, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:05AM
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 R4 Commercial Real Estate Solutions
Investment Insights
Based on property information with market context.
This mixed-use property includes two apartments on the 2nd and 3rd floors, each described as a 3-bedroom, 1-bath unit with hardwood floors and a dining room. The office component is duplexed to a fixed basement and includes 1 1/2 bathrooms and a kitchen.
The building features a 2-car cinder block garage and separate HVAC systems for all units. A single 90-gallon hot water tank for the building was installed in 2023, and the roof is approximately 20 years old with no leaks reported.
The property is offered for sale with an owner noted as an Illinois licensed real estate broker.
The building features a 2-car cinder block garage and separate HVAC systems for all units. A single 90-gallon hot water tank for the building was installed in 2023, and the roof is approximately 20 years old with no leaks reported.
The property is offered for sale with an owner noted as an Illinois licensed real estate broker.
Key Highlights
- Two 3‑bedroom, 1‑bath apartments on the 2nd and 3rd floors, each with hardwood floors and a dining room
- Approximately 1,500 SF apartments on the 2nd and 3rd floors
- Office space duplexed to a fixed basement with 1 1/2 bathrooms and a kitchen
Financial Insights For Multifamily LT 5
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 | $80.6k | $25.80 |
| − Vacancy | −$5.2k | −$1.68 |
| EGI | $75.4k | $24.12 |
| − OpEx | −$22.6k | −$7.24 |
| NOI | $52.8k | $16.89 |
3,125 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.05M
$918.7K – $1.22M
NOI $73,492 @ 7.0% cap · market cap 10.14%
Second Best
Multifamily LT 5
$753.8K
$659.6K – $879.5K
NOI $52,769 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,720 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Donald C Battaglia ...
Law Firm
FAQs
What type of property is this?
Mixed-use property - Two 3-bedroom apartments sit above office space duplexed to a fixed basement with separate HVAC systems.
Where is this mixed-use property located?
The property is located at 5543 West Diversey Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath apartments on the 2nd and 3rd floors, each with hardwood floors and a dining room; Approximately 1,500 SF apartments on the 2nd and 3rd floors; Office space duplexed to a fixed basement with 1 1/2 bathrooms and a kitchen
