5636-48 W Division Street Chicago, IL 60651

Building Details

Year Built

1925

Listing office GEARY'S REALTY LLC g***@gmail.com Show Phone

Listing date Jun 11, 2025

Source Corcoran

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Investment Insights

Based on property information with market context.

This 33-unit mixed-use property is located in Chicago's North Austin neighborhood. Constructed in 1925, the terracotta building includes 7 commercial storefronts, 20 one-bedroom/one-bathroom apartments, and 6 two-bedroom/one-bathroom apartments. The property offers a diverse revenue stream and appeals to a wide range of tenants, from small businesses to residential renters. Significant value-add potential exists through targeted upgrades, including modernizing the commercial spaces (notably the vacant corner unit), enhancing on-site parking, and improving laundry facilities. With strategic renovations and efficient property management, investors can unlock substantial cash flow and long-term appreciation in Chicago's rental market. The property is located in a vibrant, historic community with strong demand.

Key Highlights

• Diverse unit mix provides a stable revenue stream
• Value‑add potential through upgrades to commercial spaces, parking, and laundry facilities
• Located in Chicago's thriving North Austin neighborhood

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FAQs

What type of property is this?

Mixed-use property - 33-unit mixed-use property with value-add potential in Chicago.

Where is this mixed-use property located?

The property is located at 5636-48 W Division Street Chicago, IL.

What is the asking price?

The asking price for this property is $1,690,000.

What are key features of this property?

This property features: Diverse unit mix provides a stable revenue stream; Value‑add potential through upgrades to commercial spaces, parking, and laundry facilities; Located in Chicago's thriving North Austin neighborhood