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Residential Income Duplex For Sale
For Sale
$620,000
Pending

2506 N Monticello Avenue Chicago, Chicago, IL 60647

Duplex offered for sale as-is, with significant water damage from a burst pipe and repairs needed.

Days on Market22

Property Features for 2506 N Monticello Avenue Chicago

General Information

Standard status Pending
Property subtype Two to Four Units

Building Details

Year Built 1910
Listing Agency:
Listed By: Rufo Moyo
Source: Remaxadream
Added: Jul 9 Changed: Jul 10 Last Checked: Jul 23 at 2:43AM

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 Rufo Moyo

Investment Insights

Based on property information with market context.

This residential income duplex is offered for sale as-is. A burst pipe has caused significant water damage throughout the home, and the listing photos reflect the property’s condition prior to the damage. Repairs will be needed.

The property is located at 2506 N Monticello Avenue in Chicago, IL 60647. It is being sold in its current condition, and no further improvements are described in the listing remarks.

Prospective buyers should plan for remediation and general repairs due to the documented water damage throughout the home.

Key Highlights

  • Duplex for sale as‑is with significant water damage from a burst pipe; repairs are needed
  • 5 bedrooms, 2 full baths, with a finished full basement
  • 2 total units with 2 total parking spaces, including a detached owned garage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic Nursing Home (Bike/Boat/Book/etc) Store Catering Service Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,271
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex offered for sale as-is, with significant water damage from a burst pipe and repairs needed.
Where is this duplex located?
The property is located at 2506 N Monticello Avenue Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Duplex for sale as‑is with significant water damage from a burst pipe; repairs are needed; 5 bedrooms, 2 full baths, with a finished full basement; 2 total units with 2 total parking spaces, including a detached owned garage
More about this property
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