Duplex Residential
For Sale
$397,000
1925 S State Street Unit 1, Chicago, IL 60616
The home offers two bedrooms, three full bathrooms, in-unit laundry, and garage parking.
Property Size1,480 SF
Price / SF$268.24
Days on Market37
Property Features for 1925 S State Street Unit 1
General Information
Standard status
Active
Size
1,480 SF
Property subtype
Condo,Condo-Duplex
Site & Location
Neighborhood
South Loop
Units
Unit Mix
1 x 2BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,178
Amenities
fireplace
hardwood floors
granite countertops
stainless steel appliances
in-unit laundry
garage parking
Building Details
Building Size
1,480 SF
Year Built
2005
Listing Agency:
Compass
(312) 206-3787
Listed By:
Nadine Ferrata · License #475139686
(312) 915-4713
Source:
Joy-residential
Added: Sep 21
Changed: Oct 26
Last Checked: Oct 26 at 2:18PM
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 1,480-square-foot duplex, built in 2005, has two bedrooms and three full bathrooms. Hardwood flooring, two fireplaces, and an open dining area are among its interior features. The kitchen includes granite countertops, stainless steel appliances, cabinetry, and a breakfast bar. The primary suite has a walk-in closet and an en-suite bath with a double vanity, separate shower, and soaking tub. A second full bath, in-unit laundry room, and storage complete the layout.
The property is at 1925 S State Street in Chicago’s South Loop. Dining, shopping, parks, the lakefront, Museum Campus, and transportation are within reach. Garage parking is included.
The property is at 1925 S State Street in Chicago’s South Loop. Dining, shopping, parks, the lakefront, Museum Campus, and transportation are within reach. Garage parking is included.
Key Highlights
- 1,480‑square‑foot duplex built in 2005
- Two bedrooms and three full bathrooms
- Two fireplaces and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,687
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,740
$453.7K
Cap Rate 7%
$324,100
$324.1K
Cap Rate 9%
$252,078
$252.1K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$43.5K $29.40/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$41.2K $27.87/SF
− OpEx
−$18.6K −$12.54/SF
NOI
$22.7K $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%
$453,740
Cap Rate 7%
$324,100
Cap Rate 9%
$252,078
Alternative Uses
Best Use
Apartment 5plus
$324.1K
$283.6K – $378.1K
NOI $22,687 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$697.8K
$610.6K – $814.1K
NOI $48,847 @ 7.0% cap · market cap 12.30%
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
3,628
Businesses Nearby
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Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home offers two bedrooms, three full bathrooms, in-unit laundry, and garage parking.
Where is this residential income property located?
The property is located at 1925 S State Street Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: 1,480‑square‑foot duplex built in 2005; Two bedrooms and three full bathrooms; Two fireplaces and hardwood flooring
