Two-Level
2522 N Willetts Court Unit 1S, Chicago, IL 60647
For Sale
New
$650,000
A two-bedroom layout pairs an open living area with a private balcony and attached garage parking.
Property Size2,000 SF
Price / SF$325
Days on Market7
Property Features for 2522 N Willetts Court Unit 1S
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
gas fireplace
balcony
stainless appliances
granite counters
custom cabinetry
wood floors
walk-in closet
whirlpool
laundry room
Building Details
Building Size
Year Built
Listing Agency:
Urban Homes LLC
Listed By:
Alisa Levin
(312) 841-7699
Source:
Dawnmckennagroup
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 6 at 3:01PM
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 Urban Homes LLC
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Investment Insights
Based on property information with market context.
This 2,000-square-foot condominium, built in 2006, spans two levels and includes two bedrooms and 2.5 bathrooms. The open living and dining area features a gas fireplace and opens onto a balcony. The kitchen has granite counters, white shaker cabinetry and new stainless steel appliances. A primary suite offers a sitting area, walk-in closet, and marble bathroom with a whirlpool tub and separate shower. Additional features include a second-floor laundry area, storage and attached garage parking.
The home is in Logan Square, near the Milwaukee Avenue corridor. Restaurants, bars, shopping, theaters, farmers markets and transportation are described as within walking distance.
The home is in Logan Square, near the Milwaukee Avenue corridor. Restaurants, bars, shopping, theaters, farmers markets and transportation are described as within walking distance.
Key Highlights
- 2,000‑square‑foot, two‑level condominium built in 2006
- Two bedrooms and 2.5 bathrooms
- Open living and dining area with gas fireplace and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,658
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,160
$613.2K
Cap Rate 7%
$437,971
$438.0K
Cap Rate 9%
$340,644
$340.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$58.8K $29.40/SF
− Vacancy
−$3.1K −$1.53/SF
EGI
$55.7K $27.87/SF
− OpEx
−$25.1K −$12.54/SF
NOI
$30.7K $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%
$613,160
Cap Rate 7%
$437,971
Cap Rate 9%
$340,644
Alternative Uses
Best Use
Apartment 5plus
$438.0K
$383.2K – $511.0K
NOI $30,658 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$943.0K
$825.1K – $1.10M
NOI $66,010 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,778
Businesses Nearby
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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
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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 - A two-bedroom layout pairs an open living area with a private balcony and attached garage parking.
Where is this residential income property located?
The property is located at 2522 N Willetts Court Unit 1S Chicago, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,000‑square‑foot, two‑level condominium built in 2006; Two bedrooms and 2.5 bathrooms; Open living and dining area with gas fireplace and balcony
