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Brick Duplex with Basement Potential
For Sale
$449,999

7254 S Lafayette Avenue, Chicago, IL 60621

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market198

Property Features for 7254 S Lafayette Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bedroom 4, Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5
Parking 2
Parking features Garage
Basement Unfinished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions East or West on 71st Street to Lafayette south to address
Subdivision CHI - Greater Grand Crossing
Standard status Active
APN 20282140500000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4420

Utilities

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

Building Details

Year built 1907
Building materials Brick
Listing Agency: Pearson Realty Group
Listed By: Eduardo Padro · License #475141511
Added: Feb 19 Changed: Sep 2 Last Checked: Sep 5 at 10:06AM
MLS# 12573007

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.

Built in 1907, this brick duplex contains two residential units with spacious layouts. The first-floor apartment includes two bedrooms, one bathroom, a living room, dining area, and open-concept kitchen, while the second-floor unit provides three bedrooms, one bathroom, a living room, dining area, and open-concept kitchen. The property also includes a basement with separate front and rear entrances and adequate height for potential additional use. Natural gas forced-air heat, public water, public sewer, and garage parking are in place.

The property is located across from the Dan Ryan Expressway, I-94/90, and near a CTA train station. Retail shopping centers are situated between 83rd and 87th Street.

Key Highlights

  • Two‑unit brick property built in 1907
  • First‑floor unit includes 2 bedrooms and 1 bathroom
  • Second‑floor unit includes 3 bedrooms and 1 bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Skin Care Clinic Gym & Fitness Center Building Supply

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

915
Businesses Nearby

Demographics for 60621, IL

29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value

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 residential units offer open-concept living areas, separate kitchens, and garage parking.
Where is this duplex located?
The property is located at 7254 S Lafayette Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Two‑unit brick property built in 1907; First‑floor unit includes 2 bedrooms and 1 bathroom; Second‑floor unit includes 3 bedrooms and 1 bathroom
More about this property
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