5153-5159 Diversey Ave Chicago, IL 60639
- Retail properties
- 7,500 SF
Current Use by Public Records
- Retail properties
Property Details for 5153-5159 Diversey Ave
- Year built
- 1943
- Property size
- 7,500 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 7,500 square foot retail property, located at 5153-5159 W Diversey Avenue in Chicago, IL 60639, presents a compelling investment opportunity. Situated on a 9,375 square foot lot, this 100% occupied, multi-tenant strip center boasts five leased retail stores with a remaining lease term of five years under a Net-Net lease structure. The property enjoys a prime location at the major intersection of Diversey and Laramie Avenues, a high-traffic commercial corridor with significant pedestrian activity, ensuring strong visibility and street presence. Across the street from a Walgreens and currency exchange, this well-established center benefits from a dense commercial and residential population. The building, constructed in 1943, includes four tandem parking spaces at the rear. The property's strong performance is reflected in its 7.50% cap rate and asking price of $1,329,000. Property taxes are approximately $28,858 annually. The property consists of three separate parcels with the following PIN numbers: 13284000010000, 13284000020000, and 13284000030000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7561
- Latitude
- 41.9312
