IL
Cook
Chicago
60707
7062 W Diversey Avenue
7062 W Diversey Avenue, Chicago, IL 60707
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Listing Type
Multi Family
Listing Status
pending
36
$795,000

Home Details for 7062 W Diversey Avenue

Price
$795,000
Type
Residential Income
Bedrooms
10
Bathrooms
5.0
Square feet
NaN
Year built
1955
County
Cook
Total rooms
17
Garage
2
Basement
Partially Finished, Full
Days on site
16
MLS Listing#
12464795
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.

Property Features
  • Parking
    • Garage Door Opener
    • On Site
    • Detached
    • Garage
  • Heating Information
    • Natural Gas
    • Baseboard
  • Basement
    • Partially Finished
    • Full
School Information
School Information for 7062 W Diversey Avenue, Chicago, IL 60707
Elementary School
Beard Elementary School
Middle School
Josephine Locke Elementary Schoo
High School
Idoc/Healy South High School
Listing Courtesy: MPower Residential Brokerage LLC - 312-498-8473
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-09-11 05:16:51. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-11 05:16:51
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Median Days on Site
Median Square Feet
Market statistics compiled from data from Midwest Real Estate Data.
EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618
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