Three-Bedroom Duplex
For Sale
$659,900
Pending
1013 N Honore Street Unit 1, Chicago, IL 60622
Two-level layout includes a rooftop deck, attached one-car garage, and bedrooms arranged across both floors.
Property Size2,400 SF
Days on Market83
Property Features for 1013 N Honore Street Unit 1
General Information
Standard status
Pending
Size
2,400 SF
Total Parking Spaces
1
Property subtype
1/2 Duplex,Condo,Condo-Duplex
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$15,297
Amenities
roof top deck
Building Details
Building Size
2,400 SF
Year Built
2014
Listing Agency:
Area Wide Realty
Listed By:
Michael Olszewski · License #471011979
(708) 656-3333
Source:
Dawnmckennagroup
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 11 at 1:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Area Wide Realty
Investment Insights
Based on property information with market context.
This 2,400-square-foot duplex condominium includes three bedrooms and 2.5 bathrooms across two levels. The main floor contains the primary bedroom and 1.5 bathrooms, while the lower level adds two bedrooms and one bathroom. A rooftop deck extends the usable living area outdoors, and the property includes a one-car garage for off-street parking.
Built in 2014, the residence is located at 1013 N Honore Street in Chicago’s West Town neighborhood. The property is being sold in AS-IS condition and requires updates, allowing the next owner to customize the interior. The sale is subject to the Illinois Condominium Act.
Built in 2014, the residence is located at 1013 N Honore Street in Chicago’s West Town neighborhood. The property is being sold in AS-IS condition and requires updates, allowing the next owner to customize the interior. The sale is subject to the Illinois Condominium Act.
Key Highlights
- 2,400‑square‑foot duplex condominium with three bedrooms and 2.5 bathrooms
- Primary bedroom and 1.5 bathrooms on the main level
- Lower level includes two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,790
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,800
$735.8K
Cap Rate 7%
$525,571
$525.6K
Cap Rate 9%
$408,778
$408.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$70.6K $29.40/SF
− Vacancy
−$3.7K −$1.53/SF
EGI
$66.9K $27.87/SF
− OpEx
−$30.1K −$12.54/SF
NOI
$36.8K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,800
Cap Rate 7%
$525,571
Cap Rate 9%
$408,778
Alternative Uses
Best Use
Apartment 5plus
$525.6K
$459.9K – $613.2K
NOI $36,790 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$990.2K – $1.32M
NOI $79,212 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,713
Businesses Nearby
Explore this area
Business Placement
Demographics for 60622, IL
55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level layout includes a rooftop deck, attached one-car garage, and bedrooms arranged across both floors.
Where is this residential income property located?
The property is located at 1013 N Honore Street Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: 2,400‑square‑foot duplex condominium with three bedrooms and 2.5 bathrooms; Primary bedroom and 1.5 bathrooms on the main level; Lower level includes two bedrooms and one bathroom
