Two-Unit Duplex with Detached
For Sale
$819,000
Pending
2324 N Central Park Avenue, Chicago, IL 60647
The upper residence has three bedrooms, separate living and formal dining rooms, and an enclosed porch.
Property Size2,400 SF
Days on Market18
Property Features for 2324 N Central Park Avenue
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Two to Four Units
Site & Location
Neighborhood
South Lawndale
Taxes and HOA fees
Annual Taxes
$10,521
Amenities
Finished,Exterior Entry,Rec/Family Area,Sleeping Area,Storage Space,Walk-Up Access,Full,Walk-Out Access
Enclosed Porch
3
9
2
brick 2 unit
773-914-7061
Lake Michigan,Public
30 X 125
No
Garage Door Opener,Yes,Garage Owned,Detached,Garage
Building Details
Year Built
1910
Listing Agency:
(630) 833-4422
Listed By:
George & Maribel Medina · License #471005598
(630) 408-9997
Source:
Gmsrealtygroup
Added: Oct 20
Changed: Oct 28
Last Checked: Nov 6 at 7:48AM
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 George & Maribel Medina
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 2,400-square-foot brick duplex contains two residences. The first-floor unit continues into a finished basement with a recreation or family area and a sleeping area. The upper residence includes three bedrooms, a formal dining room, a separate living room, and an enclosed porch with storage. The property was built in 1910.
Parking includes a detached two-car garage and a concrete side pad with room for a third car.
Parking includes a detached two-car garage and a concrete side pad with room for a third car.
Key Highlights
- 2,400‑square‑foot brick building with two residences
- First‑floor unit extends into a finished basement with recreation/family and sleeping areas
- Upper residence has 3 bedrooms, formal dining and separate living rooms, plus an enclosed storage porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,008
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,160
$800.2K
Cap Rate 7%
$571,543
$571.5K
Cap Rate 9%
$444,533
$444.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$60.5K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$57.2K $23.81/SF
− OpEx
−$17.1K −$7.14/SF
NOI
$40.0K $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%
$800,160
Cap Rate 7%
$571,543
Cap Rate 9%
$444,533
Alternative Uses
Best Use
Multifamily LT 5
$571.5K
$500.1K – $666.8K
NOI $40,008 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$525.6K
$459.9K – $613.2K
NOI $36,790 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.13M
$990.2K – $1.32M
NOI $79,212 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,131
Businesses Nearby
Explore this area
Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The upper residence has three bedrooms, separate living and formal dining rooms, and an enclosed porch.
Where is this duplex located?
The property is located at 2324 N Central Park Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: 2,400‑square‑foot brick building with two residences; First‑floor unit extends into a finished basement with recreation/family and sleeping areas; Upper residence has 3 bedrooms, formal dining and separate living rooms, plus an enclosed storage porch
