5636-48 W Division Street, Chicago, IL 60651
Cook County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1925
Stories
3
Living Area
22,546 sq ft
Lot Size
12,303 sq ft
Lot Dimensions
98X125
Zoning
COMMR
Days on Market
359
MLS® Listing#
12390171
Property Features
Construction
Financial Details
Annual Taxes
$30,206
Tax year 2023
Parcel Number
16052300320000
Directions
Start at I-290 and Cicero Avenue: Head north on Cicero Avenue (IL-50) from the I-290 interchange. Continue on Cicero Avenue: Drive north on Cicero Avenue for approximately 1.5 miles (about 4-5 minutes, depending on traffic). Turn left onto W Division Street: At the intersection of Cicero Avenue and W Division Street, make a left turn onto W Division Street. Proceed to 5636 W Division Street: Continue west on W Division Street for about 0.6 miles (roughly 2 minutes). The destination, 5636 W Division Street, will be on your right.
Affordability Calculator
$338,000
Estimated monthly payment
$8,995/mo
Principal $1,352,000 · Est. interest $1,886,160 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $388,137
- Median Listing Price
- 47
- Median Days on Market
- 1,429
- Median Sq Ft
- $276
- Median Price / Sq Ft
- 4,628
- Active Listings
- This home’s price is 335% above the area median.
- Its price per sq ft is 73% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Grove Avenue Elementary School
Elementary · 0.4 mi away
Hough Street Elementary School
Elementary · 0.5 mi away
St. Anne Parish School
Elementary · 0.5 mi away
Station Middle School
Secondary · 0.5 mi away
Atonement Christian Day School
Elementary · 0.6 mi away
Arnett C Lines Elementary School
Elementary · 0.6 mi away
Kaleidoscope Gallery & School of Art Itd
School · 0.8 mi away
Barrington 220 School District
School · 0.9 mi away
Barrington High School
Secondary · 1.1 mi away
Champions at Prairie Middle School
Secondary · 1.3 mi away
Barrington Middle School-Prairie
School · 1.3 mi away
Roslyn Road Elementary School
Elementary · 1.4 mi away
Countryside Elementary School
Elementary · 2.5 mi away
Holy Family Catholic Academy
School · 2.9 mi away
Middle School South
Secondary · 2.9 mi away
Isaac Fox Elementary School
Elementary · 2.9 mi away
Opus Montessori School
Elementary · 3.1 mi away
A+ Day School
School · 3.3 mi away
Lake Zurich Community Unit School District 95
School · 3.4 mi away
Frank C Whiteley Elementary School
Elementary · 3.4 mi away
Commute Calculator
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|---|---|---|---|---|
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| 2159 N Laramie Avenue, Chicago, IL | $1,190,000 | — | — | — |
| 3820 N Damen Avenue 3, Chicago, IL | $1,195,000 | 3 | 3 | 1,720 |
| 4420 N Clark Street GF, Chicago, IL | $1,195,000 | — | — | 4,000 |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Geary's Realty LLC - 8472342040
Last Updated: 2025-06-11