Residential Income Property with Private
2302 W Huron Street Unit 1, Chicago, IL 60612
For Sale
$1,249,000
The four-bedroom residence includes a covered porch, a private roof deck, and one deeded garage parking space.
Property Size2,400 SF
Price / SF$520.42
Days on Market28
Property Features for 2302 W Huron Street Unit 1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
private covered rear porch
private roof deck
gas fireplace
heated floors
soaking tub
custom closets
hardwired security system
pre-wired for audio & technology
smart thermostat
Building Details
Building Size
Year Built
Construction
Listing Agency:
You Properties LLC
(708) 250-5019
Listed By:
Lilliana Ortega
Source:
Themovagroup
Added: Oct 12
Changed: Nov 5
Last Checked: Nov 7 at 10:31AM
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 You Properties LLC
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Investment Insights
Based on property information with market context.
This four-bedroom, 3.5-bathroom duplex-down residence offers more than 2,400 square feet of interior space in a full-masonry building with two units. The main level pairs a kitchen with natural walnut cabinetry, a 10-foot island, Quartzite counters, and Thermador appliances with a family room featuring a marble gas fireplace. A covered rear porch extends the living area, while a private roof deck sits above the two-car garage. The primary suite has a soaking tub, heated bathroom floors, and dual vanity. Additional features include hydronic radiant heat on the lower level, high-efficiency HVAC, a smart thermostat, and a hardwired security system. One deeded covered-garage parking space is included.
Located in Ukrainian Village within Mitchell school boundaries, the residence is scheduled for delivery in November 2026. Images depict an earlier build, and finishes may differ.
Located in Ukrainian Village within Mitchell school boundaries, the residence is scheduled for delivery in November 2026. Images depict an earlier build, and finishes may differ.
Key Highlights
- Four bedrooms and 3.5 bathrooms across more than 2,400 square feet
- Two private outdoor areas: a covered rear porch and a roof deck above the garage
- Full‑masonry building with two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,790
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,800
$735.8K
Cap Rate 7%
$525,571
$525.6K
Cap Rate 9%
$408,778
$408.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$70.6K $29.40/SF
− Vacancy
−$3.7K −$1.53/SF
EGI
$66.9K $27.87/SF
− OpEx
−$30.1K −$12.54/SF
NOI
$36.8K $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%
$735,800
Cap Rate 7%
$525,571
Cap Rate 9%
$408,778
Alternative Uses
Best Use
Apartment 5plus
$525.6K
$459.9K – $613.2K
NOI $36,790 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$990.2K – $1.32M
NOI $79,212 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,696
Businesses Nearby
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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
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Market
Properties on Market for Residential income properties in Chicago
Frequently Asked Questions
What type of property is this?
Residential income property - The four-bedroom residence includes a covered porch, a private roof deck, and one deeded garage parking space.
Where is this residential income property located?
The property is located at 2302 W Huron Street Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Four bedrooms and 3.5 bathrooms across more than 2,400 square feet; Two private outdoor areas: a covered rear porch and a roof deck above the garage; Full‑masonry building with two units
