7062 Diversey Avenue, Montclare, Chicago, Illinois 60707
$795,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 10 |
| Baths: | 0 |
| Year Built: | 1955 |
| Property Taxes: | $8,378 |
| Days On Market: | 100 |
| Lot Size: | 0,00 |
Description
Refurbished LEGAL three-flat offering exceptional cash flow and long-term equity potential. Units boasts spacious floor plans with oversized bedrooms and wide layouts. The top floor and middle unit are about 1,417 sq. ft. while lower level unit is about 1,000 sq ft. The 1st and 2nd floor units feature 4 bedrooms and 2 full baths-designed to capture premium rents in this rental market. Nearby comps show 3BR units renting for $2,300/month, making $2,400-$2,500 achievable for these larger 4BR layouts. The ground-level unit offers flexibility as a 2BR/1BA or can be expanded to add an additional bedroom and bath. Area comps support rents around $2,100/month. Fully leased, projected gross annual income is $85,200+ (without parking income). Additional upside with coin-operated laundry or by leasing the detached 2-car garage. Utilities have been separated for tenants to pay their own. This classic Chicago yellow-brick building combines durability with high residual income potential. Prime location-close to shopping, dining, and neighborhood conveniences-ensures consistent tenant demand and short market times. Whether you're adding to your portfolio or looking for a strong-performing investment property, this is a smart acquisition to secure before year's end.
Property Specifics
| Multi-unit | |
| — | |
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| 1955 | |
| — | |
| — | |
| No | |
| — |
| Cook | |
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| — / — | |
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| 12464795 | |
| 13301290420000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Beard Elementary School |
299 | — | |
|
Middle School
Josephine Locke Elementary Schoo |
299 | Not in DB | |
|
High School
Idoc/healy South High School |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 3 Jun, 2025 | Sold | $590,000 | MRED MLS |
| 11 Apr, 2025 | Under contract | $549,900 | MRED MLS |
| 3 Apr, 2025 | Listed for sale | $549,900 | MRED MLS |
| 10 Oct, 2025 | Sold | $795,000 | MRED MLS |
| 9 Sep, 2025 | Under contract | $795,000 | MRED MLS |
| 6 Sep, 2025 | Listed for sale | $795,000 | MRED MLS |
Room Specifics
Total Bedrooms: 10
Bedrooms Above Ground: 10
Bedrooms Below Ground: 0
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Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
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| 4250 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2025 | $7,818 |
| 2025 | $8,378 |
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Listing Provided By
MPower Residential Brokerage LLC
