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    2137 Dickey Ave North Chicago, IL 60064

    For Sale
    $425,000

    Residential Income - North Chicago, IL

    Lot size:
    0.28 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 2137 Dickey Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    12051250110000
    Parking
    8
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Natural Gas, Solar (Heating)

    Building Details

    Year built
    1984
    Architectural style
    Other

    Real People Realty (708) 634-0103 [email protected]

    Listing agent Adrian Punzalan (708) 634-0103 License #475209690

    Listing date Oct 30, 2025

    MLS# 12491359 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

    Turnkey 4-Unit Income Property

    This is a 4-unit building located in North Chicago, Illinois. The property is move-in ready and features four apartments, each with two bedrooms and one bathroom. The units are in good condition and ready for tenants. Two units are currently vacant and available for market rent, projected to be between $1,000 and $1,100. The property offers immediate cash flow and upside potential. At full occupancy, with all four units rented at $1,000 each, the projected capitalization rate is approximately 9%. The property includes lot parking and strong finishes. Its flexible use makes it suitable for investors or for someone looking to live in one unit and rent out the others. The lot size is 0.28 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Chicago
    County
    Lake
    State
    Illinois
    Longitude
    -87.8570361
    Latitude
    42.3200437

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    FAQs

    What type of property is this?
    Quadplex - Rare, well-kept 4-unit building in North Chicago with income potential.
    Where is this quadplex located?
    The property is located at 2137 Dickey Ave North Chicago, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Turnkey 4-unit building in North Chicago.; - Two vacant units ready for market rent ($1,000-$1,100).; - Projected ~9% cap rate at full occupancy.
    (708) 634-0103
    Request Owner's contact information
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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
    2137 Dickey Ave North Chicago, IL 60064
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