Two-Bedroom Residential Income
For Sale
$599,000
1308 N BOSWORTH Avenue Unit 2, Chicago, IL 60622
Private outdoor space, garage parking, and in-unit laundry support day-to-day residential use.
Property Size1,436 SF
Price / SF$417.13
Days on Market17
Property Features for 1308 N BOSWORTH Avenue Unit 2
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Condo,Condo-Duplex
Site & Location
Neighborhood
Noble Square
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$180
Taxes and HOA fees
Annual Taxes
$7,462
Amenities
in-unit laundry
central heating and air conditioning
private deck
gas fireplace
stainless steel appliances
Building Details
Building Size
1,436 SF
Year Built
2009
Listing Agency:
Compass
Listed By:
Brad Lippitz Group
(773) 404-1144
Source:
Bradlippitz
Added: Oct 11
Changed: Oct 26
Last Checked: Oct 26 at 11:53AM
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 Compass
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom residence offers 1,436 square feet within a three-unit building constructed in 2009. Interior features include hardwood floors, a gas fireplace, stainless steel kitchen appliances, and a primary suite with two walk-in closets, a double vanity, and a whirlpool tub. In-unit laundry and central heating and air conditioning are also provided.
A private 180-square-foot deck extends the living space outdoors, and dedicated garage parking is included. The property is in Chicago’s Wicker Park neighborhood, near restaurants, shops, parks, nightlife, and the CTA Blue Line.
A private 180-square-foot deck extends the living space outdoors, and dedicated garage parking is included. The property is in Chicago’s Wicker Park neighborhood, near restaurants, shops, parks, nightlife, and the CTA Blue Line.
Key Highlights
- 2 bedrooms and 2 bathrooms in a three‑unit building
- 1,436 square feet of interior space
- Private 180‑square‑foot deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,013
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,260
$440.3K
Cap Rate 7%
$314,471
$314.5K
Cap Rate 9%
$244,589
$244.6K
Market Conditions
NOI Build-Up for 1,436 SF
Gross rent
$42.2K $29.40/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$40.0K $27.87/SF
− OpEx
−$18.0K −$12.54/SF
NOI
$22.0K $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%
$440,260
Cap Rate 7%
$314,471
Cap Rate 9%
$244,589
Alternative Uses
Best Use
Apartment 5plus
$314.5K
$275.2K – $366.9K
NOI $22,013 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$677.1K
$592.4K – $789.9K
NOI $47,395 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,645
Businesses Nearby
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Business Placement
Demographics for 60622, IL
55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Private outdoor space, garage parking, and in-unit laundry support day-to-day residential use.
Where is this residential income property located?
The property is located at 1308 N BOSWORTH Avenue Unit 2 Chicago, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms in a three‑unit building; 1,436 square feet of interior space; Private 180‑square‑foot deck
