5833-45 W. DIVISION STREET
Property Overview
Interra Realty is pleased to present a market analysis for 5833-5845 W. Division St. Located in Chicago's Austin neighborhood the subject property is a 32 unit, mixed use asset featuring (8) ground floor storefronts, (22) 1 BD/1 BA & (2) 2 BD/1 BA units.
The property boasts strong curb appeal and is located off a main commercial thoroughfare in the Austin submarket. The property was updated with a new tear off roof in August 2026. The asset presents a significant value add opportunity through the renovation, rehab, and repositioning of the current apartment units. Cosmetic improvements and modernization of the units would allow a new investor to
capitalize on strong rent growth and drive NOI through strategic leasing and management.
Highlights
- Highly Desirable Unit Mix: Retail, 1 and 2 bedroom layouts
- Located off main commercial thoroughfare
- Significant value add opportunity through rehab/renovation of existing units
- Ability to brings rent to market levels through leasing/management
- Desirable Austin location
Key Details
Sale Price
$1,100,000
Number of Units
Thirty-Two (32)
Submarket
Austin
