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Brick Mixed-Use Building
For Sale
$699,000

5154 W Wolfram Street, Chicago, IL 60641

Commercial Sale, Chicago, IL

Property Size6,000 SF
Lot Size0.18 Acres
Price / SF$116.50
Days on Market448

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
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: Aug 20 Last Checked: Aug 22 at 11:06PM
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.

This mixed-use property combines two commercial spaces with two residential units, each configured with 2 bedrooms and 1 bath. The building was constructed in 1929 with brick construction and central air conditioning. Zoning is designated MULTI, and the commercial spaces are leased on an M-M basis.

The property occupies a 0.175-acre lot along the heavily traveled Laramie Ave. corridor at Diversey Ave. It is within the Falconer Bungalow Historic District, a residential area listed on the National Register of Historic Places and noted for its early-20th-century bungalow architecture. Buyer pre-approval is required before interior access.

Key Highlights

  • Two commercial spaces and two residential units
  • Residential units each include 2 bedrooms and 1 bath
  • 0.175‑acre lot at Laramie Ave. and Diversey Ave.

Property Analytics

Current Use

Storefront properties

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.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,071
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

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial suites accompany two-bedroom residential units in a brick property.
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: Two commercial spaces and two residential units; Residential units each include 2 bedrooms and 1 bath; 0.175‑acre lot at Laramie Ave. and Diversey Ave.
More about this property
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