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5507 W Diversey Ave
Multi-Family
New
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$524,900

5507 W Diversey Ave, Chicago

56% below median
6 bd·3 ba·0 sqft
Built 1960Cragin

5507 W Diversey Ave, Chicago, IL

6 bd · 3 ba · 0 sqft Multi-Family listed at $524,900, built in 1960 in the Cragin neighborhood.

About this home

DON'T MISS THIS OPPORTUNITY TO OWN THIS WELL-MAINTAINED 2-UNIT BUILDING IN MOVE-IN CONDITION WITH EXCELLENT INCOME POTENTIAL. EACH UNIT OFFERS 3 BEDROOMS / 1 BATH, AND THE FULL FINISHED BASEMENT PROVIDES ADDITIONAL FLEXIBILITY FOR EXTENDED LIVING OR STORAGE. PROPERTY HAS BEEN CARED FOR AND IS READY FOR OCCUPANCY, WITH OPPORTUNITY FOR UPDATES TO MAXIMIZE RENTAL INCOME AND LONG-TERM VALUE. CONVENIENTLY LOCATED NEAR TRANSPORTATION, SHOPPING AND SCHOOLS. PROPERTY IS BEING SOLD IN AS-IS CONDITION.

Property details

Price
$524,900
Bedrooms
6
Bathrooms
3
Year built
1960
Type
Multi-Family
Days on market
27
Est. property tax
$10,918/yr · $910/mo · 2.08% IL avg
Last sold
$205,000 · Nov 1997

Estimated monthly payment

Down payment20% ($104,980)
Interest rate6.75%
Principal & Interest$2,724
Property Tax$481
Insurance$150
Total$3,355/mo

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Price history

$561K$342K$124K$160K on Dec 95 (Sold)$205K on Nov 97 (Sold)$525K on Mar 26 (Initial list)
$160K · Dec 95$525K · Mar 26
  1. Mar 30, 2026$524,900Initial list price
  2. Nov 19, 1997$205,000Sold
  3. Dec 4, 1995$160,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Home Intelligence

Neighborhood (zip 60639)

Median age is 35.5; 10% hold a bachelor's degree; 48% of homes are owner-occupied; median household income is $54,969.

Median income
$54,969
Median age
35.5
Owner-occupied
47.5%
Bachelor's degree
10.3%
Census median home value
$279,400

Source: US Census Bureau American Community Survey 5-year estimates.

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