Renovated Duplex
222 S Western Avenue Unit A, Chicago, IL 60612
For Sale
$349,000
The two-bedroom residence includes in-unit laundry, central air, and a private garage space.
Property Size1,130 SF
Lot Size1.00 Acre
Price / SF$308.85
Days on Market10
Property Features for 222 S Western Avenue Unit A
General Information
Standard status
Size
Net Rentable
Class
Total Parking Spaces
Elevators
Lot size
Property subtype
Zoning
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Gross Income
Gross Rent Multiplier
Average Monthly Rent
HOA Fee
Opportunity Zone
Site & Location
Neighborhood
Highway Access
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Parking per Unit
RV Sites
Mobile Home Lots
Park-Owned Homes
Individually Metered Utilities
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Furnished
Sprinkler System
Taxes and HOA fees
Annual Taxes
Amenities
stainless steel appliances
white shaker cabinets
quartz countertops and backsplash
recessed lighting
vinyl plank and ceramic flooring
in-unit laundry
central air
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Construction
Tenancy
Abandoned
Listing Agency:
Kale Realty
Listed By:
Donna Baker · License #475194654
(708) 466-4558
Source:
Harkinsandassociates
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 6 at 6:07PM
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 Kale Realty
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.
Renovated duplex condo with an open layout, 2 bedrooms, and 2.5 bathrooms. The 1,130-square-foot interior includes stainless steel appliances, white shaker cabinetry, quartz countertops and backsplash, recessed lighting, vinyl plank and ceramic flooring, in-unit laundry, and central air. A private garage space is included. The building dates to 2005.
The property is in Chicago, with downtown, parks, shopping, theaters, museums, restaurants, and entertainment areas described as minutes away.
The property is in Chicago, with downtown, parks, shopping, theaters, museums, restaurants, and entertainment areas described as minutes away.
Key Highlights
- 2 bedrooms and 2.5 bathrooms
- 1,130 square feet in a duplex condo layout
- Updated interior with stainless steel appliances and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,322
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,440
$346.4K
Cap Rate 7%
$247,457
$247.5K
Cap Rate 9%
$192,467
$192.5K
Market Conditions
NOI Build-Up for 1,130 SF
Gross rent
$33.2K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$31.5K $27.87/SF
− OpEx
−$14.2K −$12.54/SF
NOI
$17.3K $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%
$346,440
Cap Rate 7%
$247,457
Cap Rate 9%
$192,467
Alternative Uses
Best Use
Apartment 5plus
$247.5K
$216.5K – $288.7K
NOI $17,322 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$532.8K
$466.2K – $621.6K
NOI $37,295 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
95%
Occupancy
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,799
Businesses Nearby
Explore this area
Business Placement
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
Properties on Market for Residential income properties in Chicago
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence includes in-unit laundry, central air, and a private garage space.
Where is this residential income property located?
The property is located at 222 S Western Avenue Unit A Chicago, IL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2 bedrooms and 2.5 bathrooms; 1,130 square feet in a duplex condo layout; Updated interior with stainless steel appliances and quartz countertops
