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    7120 W Highland Ave Chicago, IL 60631

    New
    For Sale
    $249,000

    Residential Income - Chicago, IL

    Days on Market:
    5
    Last Refresh:
    Dec 12 at 12:06 am

    Property Features for 7120 W Highland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    APN
    13061200080000

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1929
    Architectural style
    Other

    American Realty Services, Inc. (773) 631-0909 [email protected]

    Listing agent Louis Virgilio (773) 631-0909 License #471004630

    Listing date Dec 8, 2025

    MLS# 12529563 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

    Chicago Brick Two-Unit Property

    This is a brick one-story legal two-unit property with a basement, located in Chicago, IL. The property requires significant work. It features two apartments with long-term tenants on month-to-month leases. One apartment is a six-room, three-bedroom unit with a rental income of $1300.00. The other apartment is a one-bedroom unit with a rental income of $625.00. The seller seeks a quick cash closing and is selling the property in 'as is' condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.8057956
    Latitude
    41.9971861

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    FAQs

    What type of property is this?
    Duplex - Two-unit residential income property in Chicago, being sold as-is.
    Where is this duplex located?
    The property is located at 7120 W Highland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Legal 2-unit property provides a great investment opportunity.; - Solid brick one-story structure.; - Existing tenants provide immediate income.
    (773) 631-0909
    Request Owner's contact information
    7120 W Highland Ave Chicago, IL 60631
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    Chicago, IL 60631
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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
    7120 W Highland Ave Chicago, IL 60631
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