Corner Retail Building with
5159 W Diversey Avenue Chicago, IL 60639
For Sale
$1,199,000
COMMERCIAL - Chicago, IL
Property Size7,500 SF
Lot Size0.22 Acres
Price / SF$159.87
Days on Market353
Property Features for 5159 W Diversey Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Standard status
Active
APN
13284000030000
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
28858
Utilities
Cooling system
Central Air
Building Details
Year built
1943
Floors in Building
1
Number of units
5
Listing Agency:
Century 21 Circle
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: Aug 11, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:06AM
MLS# 12442792
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 corner retail building includes five leased retail stores positioned within a heavily business and commercial district. The property offers strong street presence and visibility at a major intersection, supporting retail-focused tenant use.
The building sits at the corner of Diversey Ave and Laramie Ave in Chicago, where it benefits from dense pedestrian activity. Walgreens and currency exchange stores are located across the street.
Access is provided via four tandem parking spaces in the rear of the building, supporting convenient operations for tenants and customers. The property is identified with multiple pins under zoning COMMR.
The building sits at the corner of Diversey Ave and Laramie Ave in Chicago, where it benefits from dense pedestrian activity. Walgreens and currency exchange stores are located across the street.
Access is provided via four tandem parking spaces in the rear of the building, supporting convenient operations for tenants and customers. The property is identified with multiple pins under zoning COMMR.
Key Highlights
- High‑traffic corner location at Diversey and Laramie Avenues.
- Strong street presence and visibility in a dense commercial corridor.
- Fully leased: 5 retail stores providing immediate income.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.5k | $22.20 |
| − Vacancy | −$13.7k | −$1.82 |
| EGI | $152.8k | $20.38 |
| − OpEx | −$45.9k | −$6.11 |
| NOI | $107.0k | $14.27 |
7,500 SF · lease $22.20/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $106,993 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,128 @ 7.0% cap · market cap 19.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Floreria Musical — 5418 W Fullerton Ave, Chicago, IL 60639
- Flowers Gifts & More — 2505 N Laramie Ave, Chicago, IL 60639
- Issalma — 5435 w diversey ave, chicago, il 60639
- Isabela's Flowers & Gift — 2657 N Laramie Ave, Chicago, IL 60639
- Zavala Flower Shop — 5454 w fullerton ave, chicago, il 60639
Frequently Asked Questions
What type of property is this?
Storefront property - Multi-tenant retail building with 5 leased storefronts and tandem parking spaces at a major intersection.
Where is this storefront property located?
The property is located at 5159 W Diversey Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: High‑traffic corner location at Diversey and Laramie Avenues.; Strong street presence and visibility in a dense commercial corridor.; Fully leased: 5 retail stores providing immediate income.
