Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2700 W Carmen Ave Chicago, IL 60625

    Sponsored
    For Sale
    $1,149,990

    MULTI_FAMILY - Bungalow - Chicago, IL

    Days on Market:
    4
    Last Refresh:
    Mar 1 at 5:06 am

    Property Features for 2700 W Carmen Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Screens
    Zoning
    MULTI
    Rooms
    Bedroom 2, Bathroom 4, Bedroom 6, Bathroom 3, Basement, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 1
    Bedrooms
    6
    Bathrooms
    4
    APN
    13124020420000
    Parking
    4
    Parking features
    Owned, Open, Garage
    Patio and Porch features
    Patio
    Fencing
    Fenced
    Basement
    Full, Unfinished

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Steam, Other (Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1929
    Building materials
    Brick
    Roof type
    Rubber, Tile
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Joe Green
    Joe Green

    Keller Williams Chicago ONEChicago (312) 216-2422

    Listing agent Joe Green (773) 893-0454

    Listing date Feb 26, 2026

    MLS# 12578377 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Lincoln Square Two-Flat Residence

    Located in Lincoln Square, this all-brick corner two-flat offers two expansive 3-bedroom, 2-bath residences. Each unit has been thoughtfully updated while preserving the home's historic character. The residences feature restored original millwork, generous room sizes, formal dining rooms, and hardwood floors. Upgrades include double-hung vinyl windows in bedrooms, kitchens, and baths. Modernized mechanicals include copper plumbing, two separate boilers, and two forced-air A/C systems, offering radiant heat paired with central air. The second-floor owner's residence features a custom white kitchen with quartz countertops, under-cabinet lighting, built-in oven and microwave, gas cooktop, wine rack, and skylights. It also includes modernized baths, recessed lighting, dimmer switches, and wired sound throughout. The first-floor residence offers custom maple cabinetry, granite countertops, and two updated bathrooms. The clean, dry full basement offers potential for a rec room, home gym, workshop, or storage, with two entrances providing future flexibility for expansion. The property includes a two-car brick garage, plus space for additional exterior parking spaces. This property offers the warmth, scale, and craftsmanship of a single-family home with the added versatility of a second full residence, suitable for multi-generational living or hosting extended family.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.696574
    Latitude
    41.974254

    Nearby Similar for Sale

    • New
      $625,000
      4,593 SF

      Fulton River District Commercial Loft

      Classic timber loft in Fulton River District, Chicago.
      566 W Lake St, Chicago, IL 60661
      View Details
    • $649,000

      Prime Corner Location Office/Retail Space

      Excellent office/retail space in a prime corner location.
      211 W Wacker Dr, Chicago, IL 60606
      View Details
    • New
      $1,199,000
      4,800 SF

      Albany Park Commercial Opportunity

      Commercial property in high-traffic area, suitable for multiple business types.
      3100 W Montrose Ave, Chicago, IL 60618
      View Details
    • $899,000
      0.97 Acres

      Chicago Commercial Property with Warehouses

      Large corner lot with multiple buildings, ideal for automotive use.
      9540 S Vincennes Ave, Chicago, IL 60643
      View Details
    • $2,590,000
      0.38 Acres

      Versatile Warehouse/Office/Retail Space

      16,633 SF warehouse/office/retail space in Logan Square.
      2700 N Campbell Ave, Chicago, IL 60647
      View Details
    • $500,000
      2,800 SF

      Norwood Park Commercial Building For Sale

      Well-maintained commercial building in Norwood Park, Chicago, suitable for various uses.
      6067 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $440,000

      Rehabbed Chicago Retail Property

      Retail property completely rehabbed in 2025, Chicago, IL.
      3947 W Polk St, Chicago, IL 60624
      View Details
    • $750,000

      Auto Repair Shop For Sale

      Turn-key auto repair shop in prime Chicago location.
      7539 W Irving Park Rd, Chicago, IL 60634
      View Details
    • $550,000

      Lincoln Park Commercial Office Building

      Two-story office building in the heart of Lincoln Park.
      1727 N Burling St, Chicago, IL 60614
      View Details
    • $3,000,000
      32,495 SF

      Chicago Office/Warehouse Bow Truss Building

      32,495 SF office/warehouse with bow truss ceilings for sale.
      2444 N Pulaski Rd, Chicago, IL 60639
      View Details
    • $129,900

      Turnkey Restaurant in Prime Location

      Fully operational restaurant in high-traffic area with growth potential.
      5357 N Lincoln Ave, Chicago, IL 60625
      View Details
    • $245,000

      Versatile Mixed-Use Space in Chicago

      Art studio with open layout, natural light, and modern updates.
      2401 W Ohio St, Chicago, IL 60612
      View Details

    FAQs

    What type of property is this?
    Duplex - Stately Chicago two-flat with updated residences and flexible living spaces.
    Where is this duplex located?
    The property is located at 2700 W Carmen Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,149,990.
    What are key features of this property?
    This property features: - Rare two-flat in Lincoln Square offering the scale and craftsmanship of a single-family home with two expansive, updated 3-bedroom, 2-bath residences.; - Second-floor owner's residence features a custom white kitchen with quartz countertops, skylights, and modernized baths, creating a private sanctuary.; - Combination of radiant heat and central air conditioning provides comfort and efficiency.
    (773) 893-0454
    Request Owner's contact information
    2700 W Carmen Ave Chicago, IL 60625
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2700 W Carmen Ave
    Chicago, IL 60625
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2700 W Carmen Ave Chicago, IL 60625
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joe Green
    Joe Green
    (773) 893-0454 (773) 551-2433 (708) 798-1111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!