2138 W Chicago Avenue Chicago Chicago, IL 60622
Six-unit building includes updated apartments with central air and a ground-floor commercial space.
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 2:07 am
Property Features for 2138 W Chicago Avenue Chicago
General Information
- Standard status
- Active
- Size
- 5,886 SF
- Property subtype
- Multi Family 5+
Building Details
- Year Built
- 1907
Listing office (815) 469-7449
Listing date Jul 10, 2026
Source Realpeoplerealty
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 Alexis Kern
Investment Insights
Based on property information with market context.
The ground-floor commercial space is described as suitable for an office or retail use. The property is located at 2138 W Chicago Avenue in Chicago, IL 60622.
The combination of updated residential units and an on-site commercial space offers an integrated setup for income generation within a single building.
Key Highlights
- 6‑unit building with 5 residential units plus a ground‑floor commercial space
- Updated apartments feature central air and gas forced‑air heating
- Each unit includes modern kitchens with dishwashers and updated bathrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.0k | $38.40 |
| − Vacancy | −$57.6k | −$9.79 |
| EGI | $168.4k | $28.61 |
| − OpEx | −$42.1k | −$7.15 |
| NOI | $126.3k | $21.46 |
