Duplex-Down Residential
For Sale
$475,000
1949 N Whipple Street Unit 1, Chicago, IL 60647
Two bedrooms, two bathrooms, a dedicated office, and in-unit laundry support a flexible living arrangement.
Property Size1,274 SF
Price / SF$372.84
Days on Market135
Property Features for 1949 N Whipple Street Unit 1
General Information
Standard status
Active
Size
1,274 SF
Property subtype
1/2 Duplex,Condo,Condo-Duplex
Site & Location
Neighborhood
Logan Square
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,074
Amenities
in-unit washer/dryer
climate-controlled basement storage
Building Details
Building Size
1,274 SF
Year Built
1917
Year Renovated
2007
Listing Agency:
Engel & Voelkers Chicago
(630) 330-7191
Listed By:
Chris Vernald · License #475140372
(312) 528-9279
Source:
Joy-residential
Added: Jun 16
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 Engel & Voelkers Chicago
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,274-square-foot duplex-down residence has 2 bedrooms and 2 bathrooms, with an office area on the main level and dual closets on each floor. The lower level is arranged as a second en-suite bedroom and includes a full-size washer and dryer. The kitchen has stainless steel appliances. The property was gut-rehabbed in 2007; the building dates to 1917. Storage includes a unit closet and access to a designated area in the shared, climate-controlled basement.
Palmer Square is steps away, and the California Blue Line is within walking distance. The residence is at 1949 N Whipple Street in Chicago’s Logan Square neighborhood.
Palmer Square is steps away, and the California Blue Line is within walking distance. The residence is at 1949 N Whipple Street in Chicago’s Logan Square neighborhood.
Key Highlights
- 1,274‑square‑foot duplex‑down residence with 2 bedrooms and 2 bathrooms
- Gut‑rehabbed in 2007; building constructed in 1917
- Main‑level office area and dual closets on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,529
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,580
$390.6K
Cap Rate 7%
$278,986
$279.0K
Cap Rate 9%
$216,989
$217.0K
Market Conditions
NOI Build-Up for 1,274 SF
Gross rent
$37.5K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$35.5K $27.87/SF
− OpEx
−$16.0K −$12.54/SF
NOI
$19.5K $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%
$390,580
Cap Rate 7%
$278,986
Cap Rate 9%
$216,989
Alternative Uses
Best Use
Apartment 5plus
$279.0K
$244.1K – $325.5K
NOI $19,529 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.7K
$525.6K – $700.8K
NOI $42,048 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,602
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, two bathrooms, a dedicated office, and in-unit laundry support a flexible living arrangement.
Where is this residential income property located?
The property is located at 1949 N Whipple Street Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,274‑square‑foot duplex‑down residence with 2 bedrooms and 2 bathrooms; Gut‑rehabbed in 2007; building constructed in 1917; Main‑level office area and dual closets on each floor
