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Two-Unit Brick Duplex
New
For Sale
$750,000

1223 W Gunnison St, Chicago, IL 60640

Two residential units offer separate bedroom layouts, formal dining rooms, dens, and access to an unfinished basement.

Property SizeContact for details
Days on Market3

Property Features for 1223 W Gunnison St

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units 2

Additional Details

Public Transit Yes

Building Details

Year Built 1905
Construction brick
Listing Agency: Coldwell Banker Realty
Listed By: Thomas Bezanes · License #471018395
Source: Highriseschicago
Added: Sep 5 Changed: Sep 6 Last Checked: Sep 6 at 7:07AM

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 Realty

Investment Insights

Based on property information with market context.

Built in 1905, this brick duplex contains two residential apartments with distinct layouts. The first-floor unit has two bedrooms, one bathroom, hardwood floors, a living room, formal dining room, rear den, and wood crown molding. Upstairs, the second-floor apartment provides three bedrooms and one bathroom along with comparable living, dining, and den areas. Both units feature vintage built-in hallway cupboards and access to the unfinished basement, which offers storage space and potential for future improvements.

The property is located at 1223 W Gunnison St in Chicago, less than 5 miles from Montrose Beach and near restaurants and public transportation. The first-floor unit is owner-occupied and expected to remain occupied through closing; the second-floor unit is vacant. The property is being sold as-is.

Key Highlights

  • Two‑unit brick duplex built in 1905
  • First‑floor unit has 2 bedrooms, 1 bathroom, and hardwood floors
  • Second‑floor unit includes 3 bedrooms and 1 bathroom; currently vacant

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Auto Parts Store Nursing Home Tanning Salon

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

4,398
Businesses Nearby

Demographics for 60640, IL

65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value

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 - Two residential units offer separate bedroom layouts, formal dining rooms, dens, and access to an unfinished basement.
Where is this duplex located?
The property is located at 1223 W Gunnison St Chicago, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1905; First‑floor unit has 2 bedrooms, 1 bathroom, and hardwood floors; Second‑floor unit includes 3 bedrooms and 1 bathroom; currently vacant
More about this property
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