Brick Duplex with
For Sale
Under Contract
$450,000
2841 W 25th Street, Chicago, IL 60623
MULTI_FAMILY - Chicago, IL
Property Size2,300 SF
Price / SF$195.65
Days on Market137
Property Features for 2841 W 25th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Basement, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3
Parking
2
Parking features
Open, Garage
Basement
Full, Finished
Elementary school district
299
Middle school district
299
High school district
299
Directions
California then W on 25th st.
Subdivision
CHI - South Lawndale
Standard status
Active Under Contract
APN
16251260080000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5397
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1896
Building materials
Vinyl Siding, Brick
Listing Agency:
Realistic Realty LLC · ERA Real Estate
(773) 671-6857
Listed By:
Nima Shams · License #475178819
(773) 671-6857
Added: Mar 26
Changed: Aug 4
Last Checked: Aug 9 at 10:06PM
MLS# 12602303
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.
Investment Insights
Based on property information with market context.
This two-unit residential property at 2841 W 25th Street features more than 2,300 square feet of living area, five bedrooms, and three bathrooms. Built in 1896, the building combines brick and vinyl siding construction with natural gas heating. A basement adds useful interior space, while the property includes both open parking and a garage.
Public water and public sewer serve the property. The building is located in Chicago’s South Lawndale area, near shopping, restaurants, schools, parks, and public transportation. Its two-unit layout supports separate residential occupancy within a well-established neighborhood setting.
Public water and public sewer serve the property. The building is located in Chicago’s South Lawndale area, near shopping, restaurants, schools, parks, and public transportation. Its two-unit layout supports separate residential occupancy within a well-established neighborhood setting.
Key Highlights
- Two‑unit property with more than 2,300 square feet of living space
- Five bedrooms and three bathrooms across the building
- Brick and vinyl siding exterior; built in 1896
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,341
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$766,820
$766.8K
Cap Rate 7%
$547,729
$547.7K
Cap Rate 9%
$426,011
$426.0K
Market Conditions
NOI Build-Up for 2,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.0K $25.20/SF
− Vacancy
−$3.2K −$1.39/SF
EGI
$54.8K $23.81/SF
− OpEx
−$16.4K −$7.14/SF
NOI
$38.3K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$766,820
Cap Rate 7%
$547,729
Cap Rate 9%
$426,011
Alternative Uses
Best Use
Multifamily LT 5
$547.7K
$479.3K – $639.0K
NOI $38,341 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$503.7K
$440.7K – $587.6K
NOI $35,257 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$1.08M
$948.9K – $1.27M
NOI $75,911 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
Business Placement
Demographics for 60623, IL
87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include multiple bedrooms, full bathrooms, and basement space.
Where is this duplex located?
The property is located at 2841 W 25th Street Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit property with more than 2,300 square feet of living space; Five bedrooms and three bathrooms across the building; Brick and vinyl siding exterior; built in 1896
