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.

Courtesy Of: Geary's Realty LLC

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.

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