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    1224 W Lunt Ave Chicago, IL 60626

    For Sale
    $850,000

    Residential Income - Chicago, IL

    Days on Market:
    70
    Last Refresh:
    Dec 10 at 7:06 pm

    Property Features for 1224 W Lunt Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    11321100290000
    Parking
    8

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1906
    Roof type
    Flat
    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Youlia Raichev (847) 495-5000 License #475183585

    Listing date Oct 2, 2025

    MLS# 12486332 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Income Property Near Loyola

    This fully rented 2-flat multi-unit property in Chicago, Illinois, presents an exceptional investment opportunity. Situated one block from Loyola Park and the beach, the property features 8 parking spaces. The building is located on an extra-deep 30' x 172' lot on a tree-lined street. Both units have high 9' ceilings, hardwood floors, and sun-drenched sunrooms. Unit 1 offers 2 bedrooms, 2 full bathrooms, in-unit laundry, and recently updated kitchen and baths. Unit 2 includes 2 bedrooms, 1 bathroom, and a renovated kitchen. Additional features include a large unfinished basement with a laundry facility, and 8 low-maintenance, high-demand, income-producing parking spaces, including 3 garage spaces and 5 exterior spots. Major recent upgrades include a new silicon roof (2025), and some electrical and plumbing updates. The property is located half a block from the Red Line and within walking distance of Morse Avenue, Glenwood Arts District, shops, dining, and entertainment. This property is suitable for investors or owner-occupants seeking additional rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thoughts From Sunrise, ... Media Company

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.663145
    Latitude
    42.0095231

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    FAQs

    What type of property is this?
    Duplex - Fully rented 2-flat near Loyola Park with parking and upgrades.
    Where is this duplex located?
    The property is located at 1224 W Lunt Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Fully rented, income-generating 2-flat property.; - Enjoy 8 parking spaces (3 garage, 5 exterior).; - Prime location: one block from Loyola Park/beach, half a block from Red Line.
    (847) 495-5000
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    Chicago, IL 60626
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1224 W Lunt Ave Chicago, IL 60626
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