Duplex Residential Income
New
For Sale
$349,999
1209 N State Parkway Unit 4, Chicago, IL 60610
A one-bedroom residence with a dedicated office nook, original curved staircase, and shared landscaped courtyard.
Property Size800 SF
Price / SF$437.50
Days on Market5
Property Features for 1209 N State Parkway Unit 4
General Information
Standard status
Active
Size
800 SF
Property subtype
1/2 Duplex,Condo,Condo-Duplex,Vintage
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,585
Amenities
courtyard
firepits
fountain
lounge furniture
gated access
irrigated landscaping
Building Details
Building Size
800 SF
Year Built
1936
Construction
prewar modernism
Listing Agency:
Americorp, Ltd
Listed By:
Matt Laricy · License #471003711
(708) 250-2696
Source:
Dawnmckennagroup
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 10 at 2:49AM
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 Americorp, Ltd
Investment Insights
Based on property information with market context.
This two-level residence in the Frank Fisher Residences has one bedroom, a dedicated office nook, and a full bathroom. The living room features two-story ceilings, a wood-burning fireplace, and parquet flooring. A renovated kitchen includes quartzite and walnut countertops, a stainless steel refrigerator, an induction cooktop, and an integrated dishwasher. An original curved staircase connects the levels. The building dates to 1936 and has 12 residences arranged around a private courtyard.
Gated access leads to a shared courtyard with irrigated landscaping, lounge furniture, firepits, and a fountain. The property is on N State Parkway in Chicago’s Gold Coast, a few blocks from the lakefront and Oak Street Beach. Restaurants, shopping, and nightlife are nearby. Parking options are available next door at 1221 N State Parkway for an additional fee.
Gated access leads to a shared courtyard with irrigated landscaping, lounge furniture, firepits, and a fountain. The property is on N State Parkway in Chicago’s Gold Coast, a few blocks from the lakefront and Oak Street Beach. Restaurants, shopping, and nightlife are nearby. Parking options are available next door at 1221 N State Parkway for an additional fee.
Key Highlights
- One bedroom plus a dedicated office nook and full bathroom
- Two‑story living room with wood‑burning fireplace and parquet flooring
- Renovated kitchen with quartzite and walnut countertops, induction cooktop, and integrated dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,263
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,260
$245.3K
Cap Rate 7%
$175,186
$175.2K
Cap Rate 9%
$136,256
$136.3K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$23.5K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.3K $27.87/SF
− OpEx
−$10.0K −$12.54/SF
NOI
$12.3K $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%
$245,260
Cap Rate 7%
$175,186
Cap Rate 9%
$136,256
Alternative Uses
Best Use
Apartment 5plus
$175.2K
$153.3K – $204.4K
NOI $12,263 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,404 @ 7.0% cap · market cap 7.54%
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
7,736
Businesses Nearby
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Business Placement
Demographics for 60610, IL
43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence with a dedicated office nook, original curved staircase, and shared landscaped courtyard.
Where is this residential income property located?
The property is located at 1209 N State Parkway Unit 4 Chicago, IL.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: One bedroom plus a dedicated office nook and full bathroom; Two‑story living room with wood‑burning fireplace and parquet flooring; Renovated kitchen with quartzite and walnut countertops, induction cooktop, and integrated dishwasher
