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Mixed-Use Building in Chicago
For Sale
$699,000

5154 W Wolfram Street, Chicago, IL 60641

COMMERCIAL - Chicago, IL

Property Size6,000 SF
Lot Size0.18 Acres
Price / SF$116.50
Days on Market426

Property Features for 5154 W Wolfram Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning MULTI
Directions Cicero Ave- west on Diversey Ave. Laramie North to address. Diversey Ave. north to address. Belmont Ave.- south on Laramie Ave. -address.
Subdivision CHI - Belmont Cragin
Standard status Active
APN 13282240210000
Size 6,000 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 9708

Utilities

Cooling system Central Air

Building Details

Year built 1929
Floors in Building 2
Number of units 4
Building materials Brick
Listing Agency: Century 21 Circle · Coldwell Banker Real Estate
Listed By: Mark Ahmad · License #471007186
Added: Jun 2, 2025 Changed: May 13 Last Checked: Aug 1 at 10:06AM
MLS# 12379735

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.

Located in the Belmont Cragin Neighborhood of Chicago, this mixed-use building is situated on the heavily traveled corridor of Laramie Avenue at Diversey Avenue. The building features 2 commercial spaces totaling 6,000 square feet, currently leased on a month-to-month basis at below-market value. Additionally, there are 2 residential units, each with 2 bedrooms and 1 bath. The neighborhood is part of the Falconer Bungalow Historic District, a residential area recognized for its distinctive bungalow architecture and listed on the National Register of Historic Places. This architectural style, characteristic of the early 20th century, may influence the aesthetic and operational aspects of businesses in the area. The lot size is 0.175 acres.

Key Highlights

  • Mixed‑use building with 2 commercial spaces and 2 residential units.
  • Located on heavily traveled Laramie Ave. at Diversey Ave.
  • 6,000 Sq. ft. of commercial space.**

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Acupuncture Catering Service Garden Center Nursing Home (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 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Properties on Market for Mixed-use properties in Chicago

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building with commercial and residential units in Chicago.
Where is this mixed-use property located?
The property is located at 5154 W Wolfram Street Chicago, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Mixed‑use building with 2 commercial spaces and 2 residential units.; Located on heavily traveled Laramie Ave. at Diversey Ave.; 6,000 Sq. ft. of commercial space.**
More about this property
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