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Six-Unit Apartment Building
For Sale
Under Contract
$959,000

5007 W Diversey Avenue, Chicago, IL 60639

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.13 Acres
Days on Market104

Property Features for 5007 W Diversey Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 11
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 9, Bedroom 3, Bedroom 8, Bedroom 11, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 3, Bathroom 5, Bedroom 10, Bathroom 1, Bedroom 4
Directions Between Central and Cicero on Diversey
Subdivision CHI - Belmont Cragin
Standard status Active Under Contract
APN 13284010500000
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 15677

Amenities

on-site laundry

Building Details

Year built 1970
Floors in Building 3
Number of units 6
Building materials Brick, Concrete
Roof type Tar/Gravel
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Randy Ghanayem
Added: May 12 Changed: Aug 20 Last Checked: Aug 23 at 6:06PM
MLS# 12640176

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1970 apartment building contains six above-grade units: five two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. Units feature spacious layouts and eat-in kitchens, with hardwood flooring on upper levels and updated bathrooms in most apartments. Construction includes brick and concrete, and the roof is tar and gravel. Heating is configured with individual furnaces serving the first-floor units and a shared system for the upper floors. A leased coin-operated washer and dryer provides an additional operating feature.

The property occupies 0.1253 acres and includes five off-alley parking spaces. Major improvements include a water heater estimated at approximately 3 years old and a roof estimated at 10-12 years old. Zoning is MULTI. The location provides access to Diversey, Cicero, and Fullerton, along with CTA bus service, Metra, and I-90/94. Brickyard Mall, grocery, dining, retail, and Riis Park are also nearby.

Key Highlights

  • Six‑unit configuration with five 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • 0.1253‑acre lot with 5 off‑alley parking spaces
  • 1970 construction with brick and concrete materials

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 - Brick multifamily property with varied unit layouts, on-site laundry, and off-alley parking in Chicago.
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 units and one 1‑bedroom, 1‑bath unit; 0.1253‑acre lot with 5 off‑alley parking spaces; 1970 construction with brick and concrete materials
More about this property
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