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

    706 BROADWAY Avenue North Chicago, IL 60064

    View on Map
    For Sale
    $246,900

    MULTI_FAMILY - North Chicago, IL

    Lot size:
    0.07 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    137
    Last Refresh:
    Apr 3 at 1:06 pm

    Property Features for 706 BROADWAY Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MULTI
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 6, Basement, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 2
    Parking
    4
    Parking features
    Off Street
    Basement
    Unfinished, Full
    Standard status
    Active
    APN
    12041060250000
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4069

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Building materials
    Frame
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Luis Zires
    Luis Zires

    Listing agent Luis Zires License #475132442

    Listing office Charles Rutenberg Realty of IL 3135 Book Road, Naperville, IL

    Listing date Nov 17, 2025

    MLS# 12519275

    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.

    Overview

    North Chicago Multifamily Property

    This North Chicago multifamily property features two units, each containing three bedrooms. Each floor includes an eat-in kitchen, a formal living room, three bedrooms, and a full bath. The property has separate utilities, including two gas furnaces, two hot water heaters, and electric meters. A full unfinished basement provides ample storage space. The property is located minutes from the Navy base, train station, and Rt 41. The lot size is 0.07 acres.
    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 Gym & Fitness Center 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
    -87.839762
    Latitude
    42.325942

    Nearby Similar for Sale

    • $219,000

      North Chicago Multifamily Investment Opportunity

      Two-unit property with reliable tenants and recent rehab.
      822 11th Street, North Chicago, IL 60064
      View Details
    • $100,000

      Established Nail Salon Opportunity

      Thriving nail salon in prime location with no competition.
      2314 Green Bay Road, North Chicago, IL 60064
      View Details
    • $259,000

      Remodeled Commercial Space For Sale

      Recently remodeled commercial space with excellent exposure in North Chicago.
      2435 Green Bay Road, North Chicago, IL 60064
      View Details
    • $278,000

      North Chicago Multifamily Rehabbed Duplex

      Rehabbed duplex with separate utilities and granite countertops.
      1247 Victoria Avenue, North Chicago, IL 60064
      View Details
    • $259,000

      North Chicago Commercial Building For Sale

      Commercial building with many possible uses in North Chicago.
      1102 Lincoln Street, North Chicago, IL 60064
      View Details
    • $260,000

      Income-Producing Duplex in North Chicago

      Two-unit building with finished basement and parking.
      1919 16th Street, North Chicago, IL 60064
      View Details
    • $269,900

      North Chicago Multifamily Property

      Two-unit property with finished attic and basement, fenced yard.
      1025 Lincoln Street, North Chicago, IL 60064
      View Details
    • $1,000,000

      North Chicago Commercial Property For Sale

      Commercial property available in North Chicago, Illinois.
      1919 Sherman Avenue, North Chicago, IL 60064
      View Details
    • $1,289,900

      Turnkey Multifamily Property, North Chicago

      Fully renovated 6-unit building with a 9% cap rate.
      1542 Victoria Avenue, North Chicago, IL 60064
      View Details
    • $289,000

      Solid Brick Two-Flat with Parking

      Brick two-flat with separate utilities and rear parking.
      1548 Jackson Street, North Chicago, IL 60064
      View Details
    • Contact for pricing

      Spacious North Chicago Two-Flat Home

      Two-unit property near schools, shopping, and highways, ideal for investors.
      1617 Grove Avenue, North Chicago, IL 60064
      View Details

    FAQs

    What type of property is this?
    Duplex - Spacious two-unit property near the Navy base and train.
    Where is this duplex located?
    The property is located at 706 BROADWAY Avenue North Chicago, IL.
    What is the asking price?
    The asking price for this property is $246,900.
    What are key features of this property?
    This property features: Two separate 3‑bedroom units, ideal for rental income or multi‑generational living.; Separate utilities for each unit (gas, water, electric) simplifying tenant management or cost allocation.; Convenient location near Navy base, train station, and Rt 41 for easy commuting and access.
    (630) 929-1100
    We can help!
    Listing Contact
    Luis Zires
    Luis Zires
    Real Estate License ID: 475132442
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!