5153-5159 Diversey AveChicago, IL 60639

Property Details for 5153-5159 Diversey Ave

Year built

1943

Property size (Sq ft)

7,500 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 7,500 square foot retail property, located at 5153-5159 W Diversey Avenue in Chicago, IL 60639, presents a compelling investment opportunity. Situated on a 9,375 square foot lot, this 100% occupied, multi-tenant strip center boasts five leased retail stores with a remaining lease term of five years under a Net-Net lease structure. The property enjoys a prime location at the major intersection of Diversey and Laramie Avenues, a high-traffic commercial corridor with significant pedestrian activity, ensuring strong visibility and street presence. Across the street from a Walgreens and currency exchange, this well-established center benefits from a dense commercial and residential population. The building, constructed in 1943, includes four tandem parking spaces at the rear. The property's strong performance is reflected in its 7.50% cap rate and asking price of $1,329,000. Property taxes are approximately $28,858 annually. The property consists of three separate parcels with the following PIN numbers: 13284000010000, 13284000020000, and 13284000030000.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9312

Longitude

-87.7561

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