Spacious Duplex with Modern
1217 N Chicago Avenue Lubbock, TX 79416
1217 N Chicago Avenue, Lubbock, TX, 79416
$354,900
For Sale
$354,900
MULTI_FAMILY - Other - Lubbock, TX
Property Size2,942 SF
Lot Size0.17 Acres
Price / SF$120.63
Days on Market152
Property Features for 1217 N Chicago Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Garage
- Window features
- Double Pane Windows, Window Coverings
- 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
- 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
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric, 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
4105 84th Street, Lubbock, TX
Listed by
Kristi Sherrard · License #0746574
(806) 441-3613
Added: Feb 15 Checked: Jul 17 at 10:06 am
MLS# 202602060
Listing URL
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.
This spacious duplex, located in Lubbock, TX, offers an open concept layout and is ready for a new owner. The property features luxury vinyl plank flooring throughout. The modern kitchen includes granite countertops, a large island, and a pantry. The duplex also contains nice-sized bedrooms and two full baths. The property size is 2942 square feet and it sits on a lot of approximately 0.17 acres. This multifamily property is a residential income property and could be a great addition to an investment portfolio.
Key Highlights
- 2020‑built open‑concept duplex with luxury vinyl plank flooring throughout
- Modern kitchen features granite counters, a large island, and a pantry
- Includes appliances: dishwasher, electric oven, electric range, and microwave
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Open concept duplex with updated kitchen and vinyl plank flooring.
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: 2020‑built open‑concept duplex with luxury vinyl plank flooring throughout; Modern kitchen features granite counters, a large island, and a pantry; Includes appliances: dishwasher, electric oven, electric range, and microwave
