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Duplex with Detached Garage
For Sale
Under Contract
$399,900

3940 Center Avenue, Lyons, IL 60534

Residential Income, Lyons, IL

Property SizeContact for details
Lot Size0.28 Acres
Days on Market49

Property Features for 3940 Center Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 5, Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 4
Parking 8
Parking features Garage, Owned, Assigned
Patio and Porch features Patio
Fencing Chain Link, Fenced
Basement Partially Finished, Full, Storage Space
Lot features Corner Lot
Elementary school district 103
Middle school district 103
High school district 201
Directions Take 294 and exit at Ogden Avenue (34) East. Take past 1st Avenue. Turn right on Center Avenue. Property on right. From Chicago, take I-55 south to Harlem Avenue North. Turn left on Ogden Avenue. Turn left on Center Avenue. Property on right.
Subdivision Lyons
Standard status Active Under Contract
APN 18011040510000
Lot size 0.28 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 9547

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Amenities

laundry room
fenced backyard

Building Details

Year built 1971
Building materials Brick
Roof type Asphalt
Architectural style Contemporary
Listing Agency: Keller Williams Infinity · Keller Williams Realty
Listed By: Lori Swanson
Added: Jul 30 Changed: Sep 13 Last Checked: Sep 16 at 10:06PM
MLS# 12694410

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 brick duplex contains two similarly configured residences, each with three bedrooms, one bathroom, a kitchen, living room, and dining or family room. Each unit measures 1,423 square feet. The first-floor residence is vacant and has new vinyl plank flooring in the bedrooms, while the second-floor tenant is scheduled to vacate August 31. A common basement laundry room serves both units, with additional partially finished, nonconforming space that includes a living area, flex space, small refrigerator, bathroom with shower stall, and lockable storage areas.

The property includes a 3-car detached garage, five private occupant parking spaces, a fully fenced backyard, front and rear entrances, public sewer, natural-gas heat, and an asphalt roof. Built in 1971 on 0.28 acres, the property is one mile from Riverside Metra station, two blocks from Cermak Family Aquatic Center, and close to parks, public transportation, dining, shopping, and major highways. The estate sale is offered AS-IS.

Key Highlights

  • Two‑unit duplex with 1,423 square feet per residence
  • Each unit offers 3 bedrooms, 1 bathroom, kitchen, living room, and dining or family room
  • 3‑car detached garage plus 5 private occupant parking spaces

Property Analytics

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Current Use

Jumbo Center Iron ... Trucking Company

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

460
Businesses Nearby

Demographics for 60534, IL

10,749
Population
4,461
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
83%
High-School Grad
1.9 sq mi
ZIP Area
5,657
Density / Sq Mi
$63,827
Median Household Income
$41,328
Median Earnings
$1,149
Median Rent
$243,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two matching three-bedroom units include separate living areas, basement laundry, and private occupant parking.
Where is this duplex located?
The property is located at 3940 Center Avenue Lyons, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,423 square feet per residence; Each unit offers 3 bedrooms, 1 bathroom, kitchen, living room, and dining or family room; 3‑car detached garage plus 5 private occupant parking spaces
More about this property
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