5636-48 West Division Street, Chicago, IL

$2,249,500

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About 5636-48 West Division Street

This 33-unit mixed-use property, a bank-owned asset in Chicago's thriving North Austin neighborhood, presents an attractive investment opportunity in a historic urban setting. Constructed in 1925, the elegant terracotta building features 7 commercial storefronts, 20 one-bedroom/one-bathroom apartments, and 6 two-bedroom/one-bathroom apartments, creating a diverse and stable revenue stream. The property's varied unit mix 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 dynamic rental market. Located in a vibrant, historic community with strong demand, this property is ideal for those looking to capitalize on the city's growing real estate opportunities.

Features of 5636-48 West Division Street

MLS® # 12390171
Price $2,249,500
Bathrooms 0.00
Acres 0.00
Year Built 1925
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 5636-48 West Division Street
Area CHI - Austin
City Chicago
County Cook
State IL
Zip Code 60651

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 127
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGeary's Realty LLC
Contact Info847-234-2040

Listing Map

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