Residential Income Property with
New
For Sale
$774,900
1939 N Humboldt Boulevard Unit 1S, Chicago, IL 60647
A gas fireplace anchors the living area, complemented by updated kitchen appliances and renovated bathrooms.
Property Size2,000 SF
Price / SF$387.45
Days on Market6
Property Features for 1939 N Humboldt Boulevard Unit 1S
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Condo,Condo-Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$13,697
Amenities
gas fireplace
gourmet kitchen
updated half bath
updated full bath
ceiling fan in primary suite
custom wainscoting
tankless water heater
high-efficiency windows
Ring security system
smart sump pump
in-unit laundry
Building Details
Building Size
2,000 SF
Year Built
2017
Listing Agency:
Compass
Listed By:
Elias Masud · License #475163294
(630) 697-4540
Source:
Dawnmckennagroup
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 4 at 2:46PM
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
Investment Insights
Based on property information with market context.
This 2,000-square-foot residential income property was built in 2017 and includes a gas fireplace in the living area. Kitchen appliances include a 2024 LG refrigerator, 2024 Bosch dishwasher and microwave, and Bosch gas stove and oven from 2018. Under-cabinet lighting was updated in 2026. The half bath and lower-level full bath were remodeled in 2023; the primary suite has a ceiling fan, updated bath mirrors, and an upgraded shower head, while the secondary bedroom features custom wainscoting.
Infrastructure and security features include a tankless water heater and Whirlpool laundry setup, both from 2018. The wood-interior, aluminum-exterior windows date to 2018 and were recaulked in 2025. Air vents were cleaned in 2026. A Ring security system includes interior door and window sensors, and a smart sump pump installed in 2021 provides phone monitoring.
Infrastructure and security features include a tankless water heater and Whirlpool laundry setup, both from 2018. The wood-interior, aluminum-exterior windows date to 2018 and were recaulked in 2025. Air vents were cleaned in 2026. A Ring security system includes interior door and window sensors, and a smart sump pump installed in 2021 provides phone monitoring.
Key Highlights
- 2,000‑square‑foot property built in 2017
- Gas fireplace in the living area
- Kitchen includes a 2024 LG refrigerator, 2024 Bosch dishwasher and microwave, and 2018 Bosch gas stove and oven
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,658
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,160
$613.2K
Cap Rate 7%
$437,971
$438.0K
Cap Rate 9%
$340,644
$340.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$58.8K $29.40/SF
− Vacancy
−$3.1K −$1.53/SF
EGI
$55.7K $27.87/SF
− OpEx
−$25.1K −$12.54/SF
NOI
$30.7K $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%
$613,160
Cap Rate 7%
$437,971
Cap Rate 9%
$340,644
Alternative Uses
Best Use
Apartment 5plus
$438.0K
$383.2K – $511.0K
NOI $30,658 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$943.0K
$825.1K – $1.10M
NOI $66,010 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,708
Businesses Nearby
Explore this area
Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A gas fireplace anchors the living area, complemented by updated kitchen appliances and renovated bathrooms.
Where is this residential income property located?
The property is located at 1939 N Humboldt Boulevard Unit 1S Chicago, IL.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: 2,000‑square‑foot property built in 2017; Gas fireplace in the living area; Kitchen includes a 2024 LG refrigerator, 2024 Bosch dishwasher and microwave, and 2018 Bosch gas stove and oven
