5636-48 W Division Street
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.
- Subway 200 ft
- White Castle 0.5 mi
- Popeyes 0.6 mi
- KFC 0.7 mi
- Carolyn’s Zodiac Lounge 0.7 mi
- Subway 0.7 mi
- Save-A-Lot 0.5 mi
- Forty Acres Fresh Market 0.5 mi
- Marathon 0.6 mi
- Marathon 0.6 mi
- BP Shop 0.7 mi
- BP Shop 0.8 mi
- Maragaret Davis Park 0.3 mi
- Andersen Park 0.6 mi
- Galewood Park 0.7 mi
- LaFollette Park 0.7 mi
- Hazelnut Park 0.8 mi
- Whittier School Playground 0.8 mi
- Dunkin' 0.5 mi
- PTCI 0.5 mi
- Urban Essentials Coffee Café 0.7 mi
- Dunkin' 0.8 mi
- Dunkin' 0.9 mi
- Starbucks 1.0 mi
Every event we have for this address, straight from the MLS.
Real answers about this home — pricing, schools, what to ask, anything.
Stand in the kitchen.
See the light at 4pm.
Photos can only do so much. Pick a time — we'll meet you at the door.
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12390171