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Two-Unit Duplex Property
New
For Sale
$780,000

2050 W Grand Avenue, Chicago, IL 60612

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Lot Size0.05 Acres
Days on Market6

Property Features for 2050 W Grand Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Elementary school district 299
Middle school district 299
High school district 299
Directions West on W Grand between N Hoyne and N Damen.
Subdivision CHI - West Town
Standard status Active
APN 17071240180000
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 8060

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1890
Building materials Vinyl Siding
Listing Agency: Compass
Listed By: Kathryn Barry · License #475161626
Added: Aug 4 Changed: Aug 5 Last Checked: Aug 9 at 6:06PM
MLS# 12723830

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 two-unit frame duplex at 2050 W Grand Avenue dates to 1890 and is currently occupied under month-to-month rental arrangements. The property includes two bedrooms, one additional bedroom listed in the room information, and two bathrooms, with vinyl siding, forced-air heating, public water, and public sewer. The source information also identifies the parcel as 24 x 92 and approximately 0.05 acres.

B2B zoning permits development of 2-4 unit residential, commercial, mixed-use, multifamily, or single-family properties. A neighboring parcel at 2048 W Grand Avenue is described as a vacant former urban garden and is available separately or together. A bus stop is located in front of the property, with the site positioned near Grand and Hoyne and close to Ukrainian Village, the United Center development, and the West Loop.

Key Highlights

  • Two‑unit frame duplex built in 1890
  • Currently rented month to month
  • B2B zoning allows 2‑4 unit residential, commercial, mixed‑use, multifamily, or single‑family development

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nursing Home Accounting Firm Pet Grooming Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tanning Salon

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,404
Businesses Nearby

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Month-to-month occupancy and B2B zoning provide both current rental use and documented redevelopment flexibility.
Where is this duplex located?
The property is located at 2050 W Grand Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Two‑unit frame duplex built in 1890; Currently rented month to month; B2B zoning allows 2‑4 unit residential, commercial, mixed‑use, multifamily, or single‑family development
More about this property
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