7062 West Diversey, Chicago IL 60707
$795,000

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Property 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.

Features & Information

Key Details

  • List Price $795,000
  • Property Taxes $8,378
  • Price/ Sq. Ft. Unavailable
  • Year Built 1955
  • Parking Type Garage
  • Status Pending

Rooms

  • Total Rooms 17
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2
  • # of Garage Spaces:  Garage Door Opener(s)

Building Information

  • Number of Units 3
  • Age of Building 61-70 Years
  • Exterior Construction Brick
  • Foundation Concrete
  • Heating & Cooling Gas, Baseboard
  • Units

  • Unit 1 Stove, Refrigerator, Dishwasher, Microwave
  • Unit 2 Stove, Refrigerator, Dishwasher, Microwave
  • Unit 3 Stove, Refrigerator, Dishwasher, Microwave

Location

  • County Cook
  • Township Jefferson
  • Corporate Limits Chicago
  • Directions to Property Harlem Ave To Diversey Ave E To 7062
  • Schools

  • Elementary School District 299
  • School Name Beard Elementary School
  • Junior High District 299
  • School Name Josephine Locke Elementar
  • High School District: 299
  • School Name Idoc/Healy South High Sch
  • Property Taxes

  • Tax 8378
  • Tax Year 2023
  • Tax Exemptions Homeowner
  • Parcel Identification Number 13301290420000

Utilities

  • Sewer Sewer-Publ

Listed by: MPower Residential Brokerage LLC | Phone: 312.498.8473
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/14/2025 6:02 AM. 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.

Explore Montclare

A clean and inviting neighborhood for people who just can't decide between the suburbs and the city, Montclare has a wealth of restaurants, shopping destinations, and beautiful homes. No need to move all the way out to the suburbs when you require more space or want to start a family, areas like Montclare are the perfect balance of urban existence and small town life. Get the house, the yard, the driveway and the dog (if you want to). The properties in Montclare have room for all. Many Chicagoans with young children are drawn to this neighborhood for the protective measures of speed bumps and traffic circles, common in several parts of the community. You may be protected, but you are certainly not secluded as the main border streets are bustling with major shopping centers and a selection of cafés and eateries.

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