1. Illinois
2. Chicago
3. 5636-48 W Division Street

5636-48 W Division Street, Chicago, IL 60651

• 22,546 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

Geary's Realty LLC : 847-722-5515

Listing Agent:

David Geary : 847-722-5515

MLS ID:

12390171

Location

• Originating MLS: mred
• County: Cook

Lot

Financial

This listing courtesy of David Geary, Geary's Realty LLC