Open-Concept
For Sale
$354,900
1217 N Chicago Avenue, Lubbock, TX 79416
MULTI_FAMILY - Other - Lubbock, TX
Property Size2,942 SF
Lot Size0.17 Acres
Price / SF$120.63
Days on Market170
Property Features for 1217 N Chicago Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Garage
Window features
Window Coverings, Double Pane Windows
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Granite Counters, Kitchen Island, Pantry, Walk-In Closet(s)
Fencing
Fenced
Appliances
Dishwasher, Electric Oven, Electric Range, Microwave
Lot features
City Lot
Elementary school
Centennial
Middle school
Mackenzie
High school
Coronado
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
8
Standard status
Active
APN
R335106
Size
2,942 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
Lincoln 16 L 51
Tax Annual Amount
6901
Legal Description
Lincoln 16 L 51
Utilities
Heating system
Natural Gas, Central
Cooling system
Electric, Central Air, Attic Fan
Water source
Public
Building Details
Year built
2020
Floors in Building
1
Number of units
2
Flooring type
Plank, Vinyl
Building materials
Brick, Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
WestMark Companies
(806) 794-6000
Listed By:
Kristi Sherrard · License #0746574
(806) 441-3613
Added: Feb 15
Changed: Aug 2
Last Checked: Aug 4 at 11:06AM
MLS# 202602060
Copyright © 2026 Lubbock Association of Realtors. 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.
1217 N Chicago Avenue is a 2020-built duplex on a 0.17-acre lot, offering an open-concept layout with luxury vinyl plank flooring throughout. The homes feature a modern kitchen with granite countertops, a large island, pantry, and ample storage. Interior finishes include ceiling fans, walk-in closets, and kitchen island amenities, along with two full bathrooms per unit.
The duplex includes central heating with natural gas and central air conditioning with electric service, plus an attic fan. The property uses brick and vinyl siding construction, a composition roof, and includes a garage and patio space. A fenced yard and public water service support everyday usability.
With in-unit appliances including a dishwasher, electric oven, electric range, and microwave, this duplex is positioned as a straightforward addition for a new owner seeking an income-focused residential property.
The duplex includes central heating with natural gas and central air conditioning with electric service, plus an attic fan. The property uses brick and vinyl siding construction, a composition roof, and includes a garage and patio space. A fenced yard and public water service support everyday usability.
With in-unit appliances including a dishwasher, electric oven, electric range, and microwave, this duplex is positioned as a straightforward addition for a new owner seeking an income-focused residential property.
Key Highlights
- 0.17‑acre lot with a duplex on 2,942 SF total
- Built in 2020 with brick and vinyl siding construction
- Open‑concept interior with luxury vinyl plank flooring throughout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $13.80 |
| − Vacancy | −$2.6k | −$0.90 |
| EGI | $38.0k | $12.90 |
| − OpEx | −$11.4k | −$3.87 |
| NOI | $26.6k | $9.03 |
2,942 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.6K
$332.2K – $442.9K
NOI $26,572 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$340.8K
$298.2K – $397.7K
NOI $23,859 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$741.7K
$649.0K – $865.3K
NOI $51,918 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Spacious open-concept duplex built in 2020 with a modern kitchen, granite counters, and central heating and cooling.
Where is this duplex located?
The property is located at 1217 N Chicago Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: 0.17‑acre lot with a duplex on 2,942 SF total; Built in 2020 with brick and vinyl siding construction; Open‑concept interior with luxury vinyl plank flooring throughout
