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Six-Unit Apartment Building
For Sale
$959,000

5007 W Diversey Avenue, Chicago, IL 60639

Well-maintained multifamily property with varied unit layouts, updated interiors, on-site laundry, and off-alley parking.

Property Size6,716 SF
Days on Market91

Property Features for 5007 W Diversey Avenue

General Information

Standard status Active
Size 6,716 SF
Property subtype Commercial
Zoning MULTI

Taxes and HOA fees

Annual Taxes $15,676

Building Details

Building Size 6,716 SF
Year Built 1970
Stories 3
Units 6
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Randy Ghanayem
Source: Midwestrealestate
Added: May 12 Changed: Aug 10 Last Checked: Aug 10 at 5:47AM

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 Coldwell Banker Real Estate Group

Investment Insights

Based on property information with market context.

This 1970 apartment building contains six above-grade residences, including five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Floor plans include spacious living areas and eat-in kitchens. Several apartments have received updates, with hardwood flooring on upper levels and renovated bathrooms in most units. Heating is organized with individual furnaces serving the first-floor apartments and a shared system for the upper level. A leased coin-operated washer and dryer adds an on-site amenity. The property also includes a water heater approximately 3 years old and a roof estimated at 10-12 years old.

The building is located at 5007 W Diversey Avenue in Chicago's Belmont Cragin neighborhood, near Diversey, Cicero, and Fullerton. CTA bus routes, Metra, and I-90/94 provide transportation access. Brickyard Mall, grocery stores, dining, retail, and Riis Park are nearby. The property has 5 off-alley parking spaces and a Walk Score of 83, along with bike and transit accessibility.

Key Highlights

  • Six‑unit configuration with five 2‑bedroom, 1‑bath residences and one 1‑bedroom, 1‑bath residence
  • 1970 apartment building with above‑grade units and spacious layouts
  • 5 off‑alley parking spaces on a generously sized lot

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.

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 - Well-maintained multifamily property with varied unit layouts, updated interiors, on-site laundry, and off-alley parking.
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‑unit configuration with five 2‑bedroom, 1‑bath residences and one 1‑bedroom, 1‑bath residence; 1970 apartment building with above‑grade units and spacious layouts; 5 off‑alley parking spaces on a generously sized lot
More about this property
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