5636 W Division St Chicago, IL 60651
Austin NeighborhoodEstimated payment $11,699/month
Highlights
- 12,303 Sq Ft lot
- Hot Water Heating System
- 5-minute walk to Davis Park
About This Home
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 | $30,206 | $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 |
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 |
|---|---|---|---|---|
| 06/30/2026 06/30/26 | Off Market | $1,690,000 | -- | -- |
| 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 | 0.0% | $100 / Sq Ft |
| 11/30/2025 11/30/25 | Off Market | $2,249,500 | -- | -- |
| 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 |
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 | -- |
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: Midwest Real Estate Data (MRED)
MLS Number: 12390171
APN: 16-05-230-032-0000
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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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