Autoria Morrow
A Morrow Properties
(855) 724-1809
44 Total Sales
2 in Austin
$382K - $460K Price Range
5636 W Division St Chicago, IL 60651
Austin Neighborhood
--
Beds
--
Baths
22,546
Sq Ft
0.28
Acre Lot
Highlights
- 12,303 Sq Ft lot
- Hot Water Heating System
- 5-minute walk to Davis Park
About This Home
As of July 2026This 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.
Last Agent to Sell the Property
Geary's Realty LLC License #471022615 Listed on: 06/11/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $30,206
Year Built
- Built in 1925
Lot Details
- 12,303 Sq Ft Lot
- Lot Dimensions are 98x125
Home Design
- Brick Exterior Construction
Interior Spaces
- 22,546 Sq Ft Home
- 3-Story Property
Utilities
- Hot Water Heating System
Community Details
Overview
- 33 Units
Building Details
- Electric Expense $1,800
- Fuel Expense $25,000
- Insurance Expense $15,000
- Maintenance Expense $6,000
- Manager Expense $24,600
- Other Expense $5,000
- Trash Expense $5,000
- Water Sewer Expense $12,500
- Operating Expense $128,606
- Gross Income $492,000
- Net Operating Income $324,034
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 1, 2025
Sold by
5636 W Division St Llc
Bought by
Purchase Details
Closed on
Jun 23, 2023
Sold by
Chicago Title Land Trust Company
Bought by
5636 W Division St Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,640,000
Interest Rate
6.79%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 12, 2003
Sold by
Taj Shahab B
Bought by
North Star Trust Co and Trust #03-6640
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,000
Interest Rate
5.91%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 31, 2000
Sold by
Schweig David A
Bought by
Taj Shahab B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
5.94%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Austin, IL
-
Autoria Morrow
-
Flor Lumpkins
Flor Lumpkins
Keller Williams Thrive
(844) 404-2998
80 Total Sales
3 in Austin
$168K - $290K Price Range
-
Sandy Ortiz-Ramirez
Sandy Ortiz-Ramirez
Realty of America, LLC
(773) 572-0782
145 Total Sales
2 in Austin
$363K - $375K Price Range
-
Lisa Magidson
Lisa Magidson
North Clybourn Group, Inc.
(888) 367-2916
142 Total Sales
3 in Austin
$250K - $315K Price Range
-
Marsha Green
Marsha Green
Real People Realty
(708) 934-0761
86 Total Sales
1 in Austin
$147,000 Price
-
Melanie Miller
Melanie Miller
Keller Williams ONEChicago
(312) 779-6603
200 Total Sales
4 in Austin
$227K - $429K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Deed | $3,645,000 | Old Republic Title | |
| Warranty Deed | $925,000 | Multiple | |
| Warranty Deed | $380,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,640,000 | FHA | |
| Previous Owner | $589,000 | Commercial | |
| Previous Owner | $608,000 | Commercial |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/22/2026 07/22/26 | Sold | $1,400,000 | 0.0% | $62 / Sq Ft |
| 06/30/2026 06/30/26 | Off Market | $1,400,000 | -- | -- |
| 06/08/2026 06/08/26 | Pending | -- | -- | -- |
| 06/04/2026 06/04/26 | Pending | -- | -- | -- |
| 03/06/2026 03/06/26 | Price Changed | $1,690,000 | -4.8% | $75 / Sq Ft |
| 02/12/2026 02/12/26 | Price Changed | $1,775,000 | -11.0% | $79 / Sq Ft |
| 01/27/2026 01/27/26 | Price Changed | $1,995,000 | -11.3% | $88 / Sq Ft |
| 12/05/2025 12/05/25 | For Sale | $2,249,500 | +60.7% | $100 / Sq Ft |
| 11/30/2025 11/30/25 | Off Market | $1,400,000 | -- | -- |
| 11/17/2025 11/17/25 | Pending | -- | -- | -- |
| 09/19/2025 09/19/25 | Price Changed | $2,249,500 | -8.2% | $100 / Sq Ft |
| 08/08/2025 08/08/25 | Price Changed | $2,450,000 | -2.0% | $109 / Sq Ft |
| 06/11/2025 06/11/25 | For Sale | $2,500,000 | -- | $111 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $62,563 | $311,400 | $15,994 | $295,406 |
| 2024 | $30,206 | $311,400 | $15,994 | $295,406 |
| 2023 | $29,446 | $143,161 | $12,918 | $130,243 |
| 2022 | $29,446 | $143,161 | $12,918 | $130,243 |
| 2021 | $28,788 | $143,161 | $12,918 | $130,243 |
| 2020 | $26,932 | $120,898 | $12,918 | $107,980 |
| 2019 | $24,290 | $120,898 | $12,918 | $107,980 |
| 2018 | $23,881 | $120,898 | $12,918 | $107,980 |
| 2017 | $20,603 | $95,707 | $10,149 | $85,558 |
| 2016 | $19,169 | $95,707 | $10,149 | $85,558 |
| 2015 | $17,538 | $95,707 | $10,149 | $85,558 |
| 2014 | $16,299 | $87,849 | $10,149 | $77,700 |
| 2013 | $15,978 | $87,849 | $10,149 | $77,700 |
Source: Public Records
Agents Affiliated with this Home
-
David Geary
DG
Seller's Agent in 2026
David Geary
Geary's Realty LLC
(312) 332-7100
2 in this area
19 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12390171
APN: 16-05-230-032-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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