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6-Unit Brick Apartment Building
For Sale
$959,000
Pending

5007 W Diversey Ave, Chicago, IL 60639

Six-unit property with five two-bedroom residences, one one-bedroom residence, and five off-alley parking spaces.

Property Size6,716 SF
Days on Market160

Property Features for 5007 W Diversey Ave

General Information

Standard status Pending
Size 6,716 SF
Total Parking Spaces 5
Property subtype Commercial

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 5 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 6

Amenities

on-site laundry

Building Details

Year Built 1970
Buildings 1
Construction brick
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Randy Ghanayem
Source: Searchillinoishomesforsale
Added: Mar 22 Changed: Aug 27 Last Checked: Aug 27 at 11:18PM

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 6-unit apartment building contains five 2-bedroom, 1-bath residences and one 1-bedroom, 1-bath residence within a 6,716-square-foot structure built in 1970. All units are above grade and include spacious layouts with eat-in kitchens. Upper-level residences feature hardwood floors, while most bathrooms have been updated. Heating includes separate furnaces for the first-floor units and a shared system serving the upper level. A leased coin-operated washer and dryer adds an on-site laundry component.

The property is located near Diversey, Cicero, and Fullerton, with access to CTA bus routes, Metra, and I-90/94. Brickyard Mall, grocery stores, restaurants, retail, and Riis Park are nearby. The site includes 5 off-alley parking spaces, and the property has a Walk Score of 83 with bike and transit accessibility. Major capital items include a water heater approximately 3 years old and a roof estimated at 10-12 years old.

Key Highlights

  • 6,716 SF apartment building built in 1970
  • Unit mix includes five 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • 5 off‑alley parking spaces included

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.

Lease Details

6
Residential units
Yes
Highway access

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 - Six-unit property with five two-bedroom residences, one one-bedroom residence, and five off-alley parking spaces.
Where is this apartment building located?
The property is located at 5007 W Diversey Ave 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: 6,716 SF apartment building built in 1970; Unit mix includes five 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 5 off‑alley parking spaces included
More about this property
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