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Turnkey Investment Opportunity in Chicago

5007 W Diversey Avenue, Chicago, IL 60639

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For Sale

Under Contract

$959,000

MULTI_FAMILY - Chicago, IL

Lot size:

0.13 Acres

HighLights

1970 brick and concrete 6‑unit building with a mix of five 2BR/1BA units and one 1BR/1BA unit
Most units have updated bathrooms; upper‑level hardwood floors and eat‑in kitchens
Heating efficiency includes separate furnaces for first‑floor units and a shared system for upper units
Supplemental on‑site income from a leased coin‑operated washer and dryer
Recent improvements include a water heater about 3 years old and a roof estimated 10–12 years old
Generous lot with 5 off‑alley parking spaces

We can help!

Listing Contact

Randy Ghanayem

For Sale

Under Contract

$959,000

MULTI_FAMILY - Chicago, IL

Lot size:

0.13 Acres

Added:: May 12, 2026
Days on Market:: 34
Last Refresh:: Jun 14 at 12:06 am

Property Features for 5007 W Diversey Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: MULTI
Bedrooms: 11
Bathrooms: 6
Rooms: Bathroom 1, Bedroom 7, Bedroom 10, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 9, Bathroom 5, Bedroom 4, Bathroom 6, Bedroom 2, Bedroom 11
Standard status: Active Under Contract
APN: 13284010500000
Lot size: 0.13 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 15677

Building Details

Year built: 1970
Floors in Building: 3
Number of units: 6
Building materials: Brick, Concrete
Roof type: Tar/Gravel

We can help!

Listing Contact

Randy Ghanayem

Listing agent Randy Ghanayem

Listing office Coldwell Banker Real Estate Group 3124 S. Rt. 59 Suite 150, Joliet, IL

Listing date May 12, 2026

MLS# 12640176 Listing URL

HighLights

1970 brick and concrete 6‑unit building with a mix of five 2BR/1BA units and one 1BR/1BA unit
Most units have updated bathrooms; upper‑level hardwood floors and eat‑in kitchens
Heating efficiency includes separate furnaces for first‑floor units and a shared system for upper units
Supplemental on‑site income from a leased coin‑operated washer and dryer
Recent improvements include a water heater about 3 years old and a roof estimated 10–12 years old
Generous lot with 5 off‑alley parking spaces

Overview

This turnkey 6-unit investment opportunity is located in the desirable Belmont Cragin neighborhood. Constructed in the 1970s, the yellow brick building features five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all above grade. The units have spacious layouts and eat-in kitchens. Many units have been updated, reflecting consistent ownership and pride of maintenance, with no deferred maintenance. The property has separate furnaces for first-floor units and a shared system for upper units, and a leased coin-operated washer and dryer provides supplemental income. Interior features include hardwood floors on upper levels and updated bathrooms in most units. The property benefits from strong long-term tenancy, supporting stable in-place cash flow. A water heater is approximately 3 years old, and the roof is estimated to be 10-12 years old. The property sits on a lot of 0.1253 acres with 5 off-alley parking spaces. It is located near Diversey, Cicero, and Fullerton, with easy access to CTA bus routes, Metra, and I-90/94, and is minutes from Brickyard Mall, grocery stores, dining, and retail. Riis Park is nearby, offering recreational amenities. The location has a Walk Score of 83, with solid transit and bike accessibility. The property is suitable for investors seeking immediate cash flow and long-term appreciation.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

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Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.751931
Latitude: 41.931201

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For sale
Apartment buildings
IL
Chicago
60639
5007 W Diversey Avenue

What type of property is this?

Apartment building - Well-maintained 6-unit building in Belmont Cragin neighborhood.

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: 1970 brick and concrete 6‑unit building with a mix of five 2BR/1BA units and one 1BR/1BA unit; Most units have updated bathrooms; upper‑level hardwood floors and eat‑in kitchens; Heating efficiency includes separate furnaces for first‑floor units and a shared system for upper units

5007 W Diversey Avenue, Chicago, IL 60639

MULTI_FAMILY - Chicago, IL

Property Features for 5007 W Diversey Avenue

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

West Town Corner Retail Space

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Chicago Commercial Buildings For Sale

Chicago Commercial Space for Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

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