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About the Listing 87688 - 153734,153734
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.
Listing Highlights for 7062 W Diversey Ave
Status
Pending
Days on Site
9
Property Type
Multi-Family
MLS ®
12464795
Year Built
1955
Total Square Footage
0
Lot/Acreage
4250
County
Cook
Area
CHI - Montclare
School District
299
Elementary School
Beard Elementary School
Middle School
Josephine Locke Elementary Schoo
High School
Idoc/Healy South High School
Interior Details
- Bedrooms: 10
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 4250
- Zoning: MULTI
- Roof: Rubber
- Others:
- Sewer: Public Sewer
- Parking Features: Garage Door Opener,On Site,Garage Owned,Detached,Garage
Financial Details
- Tax Amount: $8,378
- Taxes w/Assessments: N/A
- Tax/Property ID: 13301290420000
- Tax Year: 2023
Payment Calculator
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Listing Location
Questions About..
7062 W Diversey Ave Chicago, IL 60707
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