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Updated Greystone Two-Unit Duplex
For Sale
$540,000

1661 S Homan Avenue, Chicago, IL 60623

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market289

Property Features for 1661 S Homan Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 4
Parking 2
Parking features Garage
Basement Finished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions East/West on Roosevelt Rd to Homan to property.
Subdivision CHI - North Lawndale
Standard status Active
APN 16234040240000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 2653

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1905
Building materials Brick
Listing Agency: RE/MAX Premier · RE/MAX International
Listed By: Howard Thomas · License #471019584
Added: Nov 4, 2025 Changed: Aug 20 Last Checked: Aug 20 at 4:06PM
MLS# 12510986

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This updated Greystone two-flat duplex is built with brick construction and offers separate living space across its two units. The home includes hardwood floors and granite kitchen elements, plus stainless steel appliances. Heating is provided by forced-air systems running on natural gas. The property also includes a basement and multiple bedrooms and bathrooms configured across the unit layout.

Parking is available for two cars in the rear, first-come, first-served. Public water and public sewer services support the property. Additional details include a total bedroom and bathroom count reflected in the provided room list, along with garage parking features.

Built in 1905, this property presents a residential income opportunity with an emphasis on interior updates and practical on-site parking for tenant or occupant use.

Key Highlights

  • Brick Greystone two‑flat built in 1905
  • Updated interiors with hardwood floors, granite kitchens, and stainless steel appliances
  • Two‑unit layout with basement and multiple bedrooms and bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic HVAC Service 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 - Updated two-unit duplex with brick construction, public utilities, and rear parking for two cars.
Where is this duplex located?
The property is located at 1661 S Homan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Brick Greystone two‑flat built in 1905; Updated interiors with hardwood floors, granite kitchens, and stainless steel appliances; Two‑unit layout with basement and multiple bedrooms and bathrooms
More about this property
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