Updated Duplex with Attic
2510 N Rutherford Avenue, Chicago, IL 60707
For Sale
New
$479,999
Separate gas and electric meters and individual boiler systems serve the residences.
Property Size1,900 SF
Days on Market3
Property Features for 2510 N Rutherford Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Keller Williams Success Realty
Listed By:
Soraya Erazo · License IL #03202509
(847) 381-9500
Source:
Kalelrealty
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 6:56PM
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 Keller Williams Success Realty
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Investment Insights
Based on property information with market context.
This duplex contains two distinct residences with improvements completed in 2023. The first unit has new flooring, an updated bathroom with a new sink and toilet, and ceiling fans in its living room and bedrooms. The second-floor unit extends into the attic, adding a room and extra usable area. Its 2023 renovation included flooring, electrical wiring, lighting, bathroom fixtures, and a kitchen with new cabinets, a quartz island, and quartz countertops. Ductwork for central air serves the second unit and attic, which are ready for furnace installation.
Exterior work in 2023 added a deck, siding, and an exterior chimney. Each unit has separate gas and electric meters and its own boiler system. A basement provides additional space that can accommodate storage, a workshop, or recreation use.
Exterior work in 2023 added a deck, siding, and an exterior chimney. Each unit has separate gas and electric meters and its own boiler system. A basement provides additional space that can accommodate storage, a workshop, or recreation use.
Key Highlights
- Two‑unit duplex with a second‑floor residence extending into the attic
- Second unit and attic are ducted for central air and ready for furnace installation
- Separate gas and electric meters, plus an individual boiler system for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,673
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,460
$633.5K
Cap Rate 7%
$452,471
$452.5K
Cap Rate 9%
$351,922
$351.9K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$47.9K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$45.2K $23.81/SF
− OpEx
−$13.6K −$7.14/SF
NOI
$31.7K $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%
$633,460
Cap Rate 7%
$452,471
Cap Rate 9%
$351,922
Alternative Uses
Best Use
Multifamily LT 5
$452.5K
$395.9K – $527.9K
NOI $31,673 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$416.1K
$364.1K – $485.4K
NOI $29,125 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$895.8K
$783.9K – $1.05M
NOI $62,709 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
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Business Placement
Demographics for 60707, IL
43,241
Population
16,590
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
86%
High-School Grad
3.6 sq mi
ZIP Area
12,011
Density / Sq Mi
$82,746
Median Household Income
$48,093
Median Earnings
$1,309
Median Rent
$315,300
Median Home Value
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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 - Separate gas and electric meters and individual boiler systems serve the residences.
Where is this duplex located?
The property is located at 2510 N Rutherford Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $479,999.
What are key features of this property?
This property features: Two‑unit duplex with a second‑floor residence extending into the attic; Second unit and attic are ducted for central air and ready for furnace installation; Separate gas and electric meters, plus an individual boiler system for each unit
