Homes for sale - 7062 W Diversey Avenue, Chicago, IL 60707

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Andy Svalesen

andy@andysellschicago.com +1(312) 248-9882

Listed by Karla Minaof MPower Residential Brokerage LLC

$795,000

Est. payment - /mo

10 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 12464795

Bedrooms 10

Year Built 1955

Annual Tax Amount $8,378

Tax Year 2023

Lot Dimensions 4250

Property Sub-Type Two to Four Units

Property Description

Refurbished LEGAL three-flat offering exceptional cash flow and long-term equity potential. Units boasts spacious floor plans with oversized bedrooms and wide layouts. The top floor and middle unit are about 1,417 sq. ft. while lower level unit is about 1,000 sq ft. The 1st and 2nd floor units feature 4 bedrooms and 2 full baths-designed to capture premium rents in this rental market. Nearby comps show 3BR units renting for $2,300/month, making $2,400-$2,500 achievable for these larger 4BR layouts. The ground-level unit offers flexibility as a 2BR/1BA or can be expanded to add an additional bedroom and bath. Area comps support rents around $2,100/month. Fully leased, projected gross annual income is $85,200+ (without parking income). Additional upside with coin-operated laundry or by leasing the detached 2-car garage. Utilities have been separated for tenants to pay their own. This classic Chicago yellow-brick building combines durability with high residual income potential. Prime location-close to shopping, dining, and neighborhood conveniences-ensures consistent tenant demand and short market times. Whether you're adding to your portfolio or looking for a strong-performing investment property, this is a smart acquisition to secure before year's end.

Location

State IL

County Cook

Community Curbs, Gated, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Partially Finished, Full

Interior

Heating Natural Gas, Baseboard

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Rubber

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Beard Elementary School

Middle Schools Josephine Locke Elementary Schoo

High Schools Idoc/Healy South High School

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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7062 W Diversey Avenue Chicago, IL 60707