Residential Income Property with
For Sale
$599,000
Pending
1321 N BOSWORTH Avenue Unit 1S, Chicago, IL 60622
Duplex residence with flexible bedroom areas, private terraces, and an attached-feeling urban living experience.
Property Size1,573 SF
Days on Market33
Property Features for 1321 N BOSWORTH Avenue Unit 1S
General Information
Standard status
Pending
Size
1,573 SF
Total Parking Spaces
1
Property subtype
Condo-Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2.1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$10,051
Amenities
gas fireplace
hardwood flooring
in-unit laundry
central air
private terrace
walk-in closet
granite countertops
stainless steel appliances
heated floors
whirlpool tub
French doors
Building Details
Building Size
1,573 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Cory Green
(847) 416-0446
Source:
Harkinsandassociates
Added: Sep 16
Changed: Oct 17
Last Checked: Oct 16 at 6:22PM
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 2006 duplex residential income property offers a three-bedroom, 2.1-bath layout with approximately 1,573 square feet of living area. The main level combines living, dining, and kitchen spaces beneath 10-foot ceilings, while oversized windows, hardwood floors, and a gas fireplace add character. The kitchen includes custom cabinetry, granite counters, a center island, and stainless-steel appliances from Viking, Bosch, and Jenn-Air.
The lower level includes a primary suite with a walk-in closet and private terrace, along with a bath featuring dual vanities, heated flooring, a whirlpool tub, and a separate shower with rain and body sprays. Additional spaces open to a second private terrace and can accommodate bedrooms, guests, or office use. In-unit laundry, central air, storage, and a detached garage parking space are also included. The property is near Wicker Park, Bucktown, Division Street, public transportation, and the expressway.
The lower level includes a primary suite with a walk-in closet and private terrace, along with a bath featuring dual vanities, heated flooring, a whirlpool tub, and a separate shower with rain and body sprays. Additional spaces open to a second private terrace and can accommodate bedrooms, guests, or office use. In-unit laundry, central air, storage, and a detached garage parking space are also included. The property is near Wicker Park, Bucktown, Division Street, public transportation, and the expressway.
Key Highlights
- Three‑bedroom, 2.1‑bath duplex layout
- Approximately 1,573 square feet of living area
- Two private outdoor terraces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,113
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,260
$482.3K
Cap Rate 7%
$344,471
$344.5K
Cap Rate 9%
$267,922
$267.9K
Market Conditions
NOI Build-Up for 1,573 SF
Gross rent
$46.2K $29.40/SF
− Vacancy
−$2.4K −$1.53/SF
EGI
$43.8K $27.87/SF
− OpEx
−$19.7K −$12.54/SF
NOI
$24.1K $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%
$482,260
Cap Rate 7%
$344,471
Cap Rate 9%
$267,922
Alternative Uses
Best Use
Apartment 5plus
$344.5K
$301.4K – $401.9K
NOI $24,113 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.7K
$649.0K – $865.3K
NOI $51,917 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,645
Businesses Nearby
Explore this area
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 - Duplex residence with flexible bedroom areas, private terraces, and an attached-feeling urban living experience.
Where is this residential income property located?
The property is located at 1321 N BOSWORTH Avenue Unit 1S 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: Three‑bedroom, 2.1‑bath duplex layout; Approximately 1,573 square feet of living area; Two private outdoor terraces
