7062 W Diversey AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60707
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12464795
Bedrooms 10
Year Built 1955
Annual Tax Amount $8,378
Tax Year 2023
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
Area Chi - Montclare
Zoning MULTI
Interior
Heating Natural Gas,Baseboard
Exterior
Garage Spaces 2.0
Community Features Curbs,Gated,Sidewalks,Street Lights,Street Paved
Roof Type Rubber
Building
Dwelling Type Two to Four Units
Building Description Brick, No
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
Special Listing Condition None
Virtual Tour https://dashboard.prestigelistingphotos.com/h/DA8C263EC2C54E65B632774E7D8DCE5A