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5236-38 W Diversey Ave 9 Unit Apartment Building $1,516,350 CAD ($168,483 CAD/Unit) 6.68% Cap Rate Chicago, IL 60639
INVESTMENT HIGHLIGHTS
- 6 Surface Parking Spots in Rear
EXECUTIVE SUMMARY
5236 W. Diversey is a 9-unit multifamily asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Belmont Cragin neighborhood. The building features nine residential units, consisting of eight 2-bedroom apartments and one 1-bedroom unit, providing an attractive and functional mix for renters in this high-demand submarket. Built in 1967 and offering 6,400 rentable square feet, the property includes rear surface parking and a straightforward, efficient layout typical of mid-century Chicago multifamily stock. Positioned along the Diversey corridor near extensive retail, dining, and transit options, the asset offers reliable income with additional potential through modernization.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$176,999
|
$21.56
|
| Other Income |
$6,203
|
$0.76
|
| Vacancy Loss |
$9,160
|
$1.12
|
| Effective Gross Income |
$174,043
|
$21.20
|
| Taxes |
$15,759
|
$1.92
|
| Operating Expenses |
$56,998
|
$6.94
|
| Total Expenses |
$72,757
|
$8.86
|
| Net Operating Income |
$101,285
|
$12.34
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $176,999 |
| Annual Per SF | $21.56 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,203 |
| Annual Per SF | $0.76 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,160 |
| Annual Per SF | $1.12 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $174,043 |
| Annual Per SF | $21.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,759 |
| Annual Per SF | $1.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $56,998 |
| Annual Per SF | $6.94 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $72,757 |
| Annual Per SF | $8.86 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $101,285 |
| Annual Per SF | $12.34 |
PROPERTY FACTS
| Price | $1,516,350 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $168,483 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.68% | Building Size | 8,211 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 78% |
| Gross Rent Multiplier | 8.28 | No. Stories | 3 |
| No. Units | 9 | Year Built | 1967 |
| Property Type | Multifamily | Parking Ratio | 0.73/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | B3-2 - B3-2 Zoning. | ||
| Price | $1,516,350 CAD |
| Price Per Unit | $168,483 CAD |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 8.28 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,211 SF |
| Average Occupancy | 78% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | B3-2 - B3-2 Zoning. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 525 |
| 1+1 | 2 | - | 700 |
| 2+1 | 6 | - | 900 |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 13-28-131-043-0000 | Total Assessment | $78,852 CAD (2025) |
| Land Assessment | $21,653 CAD (2025) | Annual Taxes | $15,759 CAD ($1.92 CAD/SF) |
| Improvements Assessment | $57,199 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
13-28-131-043-0000
Land Assessment
$21,653 CAD (2025)
Improvements Assessment
$57,199 CAD (2025)
Total Assessment
$78,852 CAD (2025)
Annual Taxes
$15,759 CAD ($1.92 CAD/SF)
Tax Year
2024
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5236-38 W Diversey Ave
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