Residential Income Property with
1652 W Augusta Boulevard Unit 3W, Chicago, IL 60622
For Sale
$649,900
The two-level layout includes private outdoor space, a covered parking space, and roof rights.
Property Size1,600 SF
Price / SF$406.19
Days on Market13
Property Features for 1652 W Augusta Boulevard Unit 3W
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Manuela Papazisi
(773) 576-2381
Source:
Harkinsandassociates
Added: Oct 27
Changed: Nov 7
Last Checked: Nov 6 at 5:32PM
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
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Investment Insights
Based on property information with market context.
This 1,600-square-foot, two-bedroom, two-bathroom duplex residence was built in 2002. Its open main level connects living and dining areas with an updated kitchen featuring stainless steel appliances, granite countertops, and ample cabinetry. A wood-burning fireplace, hardwood floors, a dedicated laundry room, and a bedroom with a full bath round out this floor. More than 20-foot ceilings, four skylights, a wall of windows, and southern exposure bring natural light into the home. The upper-level primary suite includes wall-to-wall closets and a bathroom with a Jacuzzi tub and separate walk-in shower.
Three private terraces provide outdoor space, with Trex decking on the terraces. The property also includes roof rights, one covered parking space, and enclosed rear stairs connecting the parking area to the residence. The home is near I-90/94 and the Division Blue Line, with East Village, Noble Square, West Town, and Wicker Park within walking distance.
Three private terraces provide outdoor space, with Trex decking on the terraces. The property also includes roof rights, one covered parking space, and enclosed rear stairs connecting the parking area to the residence. The home is near I-90/94 and the Division Blue Line, with East Village, Noble Square, West Town, and Wicker Park within walking distance.
Key Highlights
- Two‑bedroom, two‑bathroom duplex residence with 1,600 square feet
- Three private terraces with Trex decking
- Ceilings exceeding 20 feet, four skylights, and southern exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,527
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,540
$490.5K
Cap Rate 7%
$350,386
$350.4K
Cap Rate 9%
$272,522
$272.5K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$47.0K $29.40/SF
− Vacancy
−$2.4K −$1.53/SF
EGI
$44.6K $27.87/SF
− OpEx
−$20.1K −$12.54/SF
NOI
$24.5K $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%
$490,540
Cap Rate 7%
$350,386
Cap Rate 9%
$272,522
Alternative Uses
Best Use
Apartment 5plus
$350.4K
$306.6K – $408.8K
NOI $24,527 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.4K
$660.1K – $880.1K
NOI $52,808 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
4,106
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
Market
Properties on Market for Residential income properties in Chicago
Frequently Asked Questions
What type of property is this?
Residential income property - The two-level layout includes private outdoor space, a covered parking space, and roof rights.
Where is this residential income property located?
The property is located at 1652 W Augusta Boulevard Unit 3W Chicago, IL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom duplex residence with 1,600 square feet; Three private terraces with Trex decking; Ceilings exceeding 20 feet, four skylights, and southern exposure
