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Two-Unit Residential Income Property
For Sale
Contact for pricing
Pending

1636 S Homan Avenue, Chicago, IL 60623

Two-unit building with eat-in kitchens, formal dining rooms, and an unfinished basement, sold as-is.

Property SizeContact for details
Days on Market138

Property Features for 1636 S Homan Avenue

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 2

Building Details

Year Built 1898
Listing Agency: Parkvue Realty Corporation
Listed By: Anthony Disano · License #471010606
Source: Crexi
Added: Apr 23 Changed: Aug 8 Last Checked: Jul 24 at 5:31PM

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 Parkvue Realty Corporation

Investment Insights

Based on property information with market context.

This two-unit residential income property features two spacious units with eat-in kitchens and formal dining rooms. Updates have been made to some areas, and the building also includes an unfinished basement that offers space for potential future expansion. The property is being sold as-is.

The location is described as convenient to public transportation, schools, parks, and local amenities. Prospective buyers should note that a survey is not provided and that zoning must be verified by the buyer, with the purchase subject to municipal requirements. Utilities will not be activated.

Because the offering is for sale and not for rent, buyers should beware of rental scams. The seller also notes that the property is not for rent.

Key Highlights

  • Classic two‑unit building built in 1898
  • Each unit features eat‑in kitchens and formal dining rooms
  • Unfinished basement offers potential for future expansion

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Skin Care Clinic Hotel & Motel Nursing Home

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

1,068
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
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-unit building with eat-in kitchens, formal dining rooms, and an unfinished basement, sold as-is.
Where is this duplex located?
The property is located at 1636 S Homan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Classic two‑unit building built in 1898; Each unit features eat‑in kitchens and formal dining rooms; Unfinished basement offers potential for future expansion
(312) 788-4040 Call to check price and availability
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