Two-Unit Duplex with Detached
New
For Sale
$419,900
2101 N 73rd Avenue, Elmwood Park, IL 60707
Separate entrances and distinct heating and cooling systems support independent use of the two residences.
Property Size2,259 SF
Price / SF$185.88
Days on Market3
Property Features for 2101 N 73rd Avenue
General Information
Standard status
Active
Size
2,259 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
MULTI
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,847
Building Details
Year Built
1927
Buildings
1
Stories
2
Listing Agency:
RE/MAX Suburban
Listed By:
Maureen Brand · License #471004300
(847) 230-7000
Source:
Fishmangroup
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:10PM
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 RE/MAX Suburban
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 2,259-square-foot legal two-flat in Elmwood Park contains two-bedroom residences on separate levels. The main-floor unit has hardwood flooring, crown molding, a center-island kitchen, and an adjoining breakfast room, along with forced-air gas heat and central air conditioning. The upper residence has its own entrance, kitchen, living room, two bedrooms, a full bath, a flex room, and a dedicated laundry room with an electric dryer hookup. It is equipped with baseboard heat and two window air-conditioning units.
Additional features include an unfinished basement with exterior access to the fenced backyard and a detached two-car garage. The property was built in 1927 and is being sold as-is. Train, bus, and EL service, as well as hospitals, restaurants, and shopping, are described as nearby.
Additional features include an unfinished basement with exterior access to the fenced backyard and a detached two-car garage. The property was built in 1927 and is being sold as-is. Train, bus, and EL service, as well as hospitals, restaurants, and shopping, are described as nearby.
Key Highlights
- Legal two‑flat with 2,259 square feet
- Two residences, each with two bedrooms and a full bath
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,657
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,140
$753.1K
Cap Rate 7%
$537,957
$538.0K
Cap Rate 9%
$418,411
$418.4K
Market Conditions
NOI Build-Up for 2,259 SF
Gross rent
$56.9K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$53.8K $23.81/SF
− OpEx
−$16.1K −$7.14/SF
NOI
$37.7K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,140
Cap Rate 7%
$537,957
Cap Rate 9%
$418,411
Alternative Uses
Best Use
Multifamily LT 5
$538.0K
$470.7K – $627.6K
NOI $37,657 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$494.7K
$432.9K – $577.2K
NOI $34,629 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$1.07M
$932.0K – $1.24M
NOI $74,558 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
Explore this area
Business Placement
Demographics for 60707, IL
43,241
Population
16,590
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
86%
High-School Grad
3.6 sq mi
ZIP Area
12,011
Density / Sq Mi
$82,746
Median Household Income
$48,093
Median Earnings
$1,309
Median Rent
$315,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and distinct heating and cooling systems support independent use of the two residences.
Where is this duplex located?
The property is located at 2101 N 73rd Avenue Elmwood Park, IL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Legal two‑flat with 2,259 square feet; Two residences, each with two bedrooms and a full bath; Detached two‑car garage
