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5916 W Diversey Avenue, Chicago, IL

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5916 W Diversey Avenue

Chicago, IL 60639-1160 - Belmont Central MF Submarket

Property Type:Multi-Family Number of Units:9 Status:Existing Year Built:1974
Stories:3 Building Size:9,570 SF Land Area:.21 AC (8,969 SF)
For Sale Price:$730,000 Price/Unit:$81,111.11 Cap Rate:- GRM:-

Parking:.63 Parking Spaces / 1,000 SF

Sale Notes:
The subject property is a 9,570 SF, 3 story, 9 unit, brick, multi-family building; Central building heat / radiator heating. The boiler is original and will need to be replaced very soon. The building is 88.9% occupied. There is a rear 6 car parking lot. Windows are original and in poor condition and will need to be replaced. Minor tuck pointing recommended.
The subject property is located on the north street of W Diversey Ave just 2 blocks East of Austin Ave in the Belmont Craigin neighborhood of Chicago. There is a shortage of multifamily buildings in the immediate area with a comparable condition to the subject.

+Value Add Opportunity
+Great unit mix - 3 - 2 Bedrooms / 6 - 1 Bedrooms
+B3-1 Zoning
+Central Buiding Heat
+Building SF: 9,570
+Lot Size: 8,968 SF

Chicago Real Estate Resources
Jonathan Gil
(312) 228-4700

Michael Tolliver
(773) 327-9300

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