Duplex with Detached
New
For Sale
$475,000
Pending
2103 S Christiana Avenue, Chicago, IL 60623
Both apartments have updated kitchens and baths, in-unit laundry, and open layouts.
Property Size2,200 SF
Days on Market6
Property Features for 2103 S Christiana Avenue
General Information
Standard status
Pending
Size
2,200 SF
Total Parking Spaces
2
Property subtype
Two to Four Units
Site & Location
Neighborhood
South Lawndale
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,712
Amenities
in-unit laundry
fenced backyard
rear decks
walkout basement
Unfinished,Full,Walk-Out Access
Double Sink
2
5
Public
(224) 235-4437
25X125
No
Garage Door Opener,Yes,Garage Owned,Detached,Garage
Building Details
Year Built
1895
Buildings
1
Construction
brick
Listing Agency:
(708) 787-2808
Listed By:
Hiba Rashed
Source:
Kawashgroup
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 31 at 3:11AM
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 Hiba Rashed
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Investment Insights
Based on property information with market context.
This renovated brick duplex contains two apartments: a two-bedroom, one-bath unit and a three-bedroom, one-bath unit. Both have open layouts, exposed brick and ductwork, recessed lighting, updated kitchens and baths, and in-unit laundry. Major improvements include mechanical, electrical, plumbing, window, exterior door, concrete, and garage updates. The property also has a full unfinished walkout basement, a fenced backyard, two rear decks, and a detached two-car garage.
Both units are tenant-occupied with leases in place. The property is near the Ogden/Cermak corridor, with access to CTA Pink Line service, neighborhood retail, parks, restaurants, and major roadways.
Both units are tenant-occupied with leases in place. The property is near the Ogden/Cermak corridor, with access to CTA Pink Line service, neighborhood retail, parks, restaurants, and major roadways.
Key Highlights
- Renovated brick duplex with two tenant‑occupied apartments and leases in place
- Unit mix includes one 2‑bedroom, 1‑bath apartment and one 3‑bedroom, 1‑bath apartment
- Full unfinished walkout basement, fenced backyard, and two rear decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,674
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,480
$733.5K
Cap Rate 7%
$523,914
$523.9K
Cap Rate 9%
$407,489
$407.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$55.4K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$52.4K $23.81/SF
− OpEx
−$15.7K −$7.14/SF
NOI
$36.7K $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%
$733,480
Cap Rate 7%
$523,914
Cap Rate 9%
$407,489
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,674 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$481.8K
$421.6K – $562.1K
NOI $33,724 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$1.04M
$907.6K – $1.21M
NOI $72,611 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 60623, IL
87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have updated kitchens and baths, in-unit laundry, and open layouts.
Where is this duplex located?
The property is located at 2103 S Christiana Avenue 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: Renovated brick duplex with two tenant‑occupied apartments and leases in place; Unit mix includes one 2‑bedroom, 1‑bath apartment and one 3‑bedroom, 1‑bath apartment; Full unfinished walkout basement, fenced backyard, and two rear decks
