5817 W Diversey Avenue

This is a mixed-use investment opportunity situated in the Belmont Cragin neighborhood. Featuring solid masonry construction and strong bones, this property presents a clear value-add opportunity in a stable northwest side neighborhood. The asset has two commercial store fronts, two legal apartments, and one nonconforming unit (1R). The commercial space includes one fully updated, move-in ready vanilla box space that is ready for immediate lease-up or owner-user occupancy, as well as an established retail tenant. The property has ample surface parking space that is accessible from the alley. The parking is currently rented to a neighbor for car storage. With reliable in-place revenue, an easily rentable retail space, and substantial room to capture market rents through targeted residential updates, 5817 W. Diversey Ave. offers a value-add opportunity in a desirable Chicago neighborhood.