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Two-Unit Duplex with Full Basement
New
For Sale
$250,000

12001 S Lafayette Ave, Chicago, IL 60628

Both three-bedroom residences have received updates, and the basement includes laundry provisions.

Property SizeContact for details
Days on Market2

Property Features for 12001 S Lafayette Ave

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 3BR
Multifamily Units 2

Additional Details

Public Transit Yes

Amenities

laundry

Building Details

Year Built 1923
Buildings 1
Construction frame
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Northwest Suburban Real Estate
Source: Nwsrealestate
Added: Oct 11 Last Checked: Oct 11 at 3:06AM

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 Coldwell Banker Real Estate Group

Investment Insights

Based on property information with market context.

This frame duplex contains two three-bedroom apartments and a full basement set up for laundry. Both residences were updated in 2021, with further property improvements completed in 2025. The building dates to 1923 and has had several major component upgrades over time: a rebuilt boiler in 2018, a new roof in 2019, a second-floor hot water tank in 2019, and a first-floor hot water tank in 2017. First-floor forced-air heat was replaced in 2022, and the rear porch was rebuilt to code in 2015.

The property is in Chicago’s Roseland community, near the developing Roseland Medical District and the planned CTA Red Line Extension.

Key Highlights

  • Two three‑bedroom units in a frame duplex
  • Full basement with laundry provisions
  • Both apartments updated in 2021; additional property improvements in 2025

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Plumbing Service (Bike/Boat/Book/etc) Store Bakery

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

Location Intelligence

Trade Area within ½ mile

340
Businesses Nearby

Demographics for 60628, IL

62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
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 - Both three-bedroom residences have received updates, and the basement includes laundry provisions.
Where is this duplex located?
The property is located at 12001 S Lafayette Ave Chicago, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two three‑bedroom units in a frame duplex; Full basement with laundry provisions; Both apartments updated in 2021; additional property improvements in 2025
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