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Two-Unit Duplex with Garage
For Sale
$550,000

2523 N Oak Park Avenue, Chicago, IL 60707

Each residence has living and dining areas, with a family room adjoining the kitchen.

Property SizeContact for details
Days on Market12

Property Features for 2523 N Oak Park Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Site & Location

Neighborhood North Side

Units

Unit Mix 1 x 3BR, 1 x 2BR
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $6,950

Amenities

backyard

Building Details

Year Built 1924
Listing Agency: Compass
Listed By: Brad Lippitz Group
Source: Bradlippitz
Added: Oct 15 Changed: Oct 26 Last Checked: Oct 26 at 2:33PM

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 Compass

Rey
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Investment Insights

Based on property information with market context.

Built in 1924, this two-unit duplex has a three-bedroom first-floor residence and a two-bedroom second-floor residence. Both include living and dining rooms and a family room off the kitchen. The basement contains an additional room and kitchen; any future use is subject to zoning and permits.

The property includes a two-car garage, a backyard, and an adjoining lot with parking for large work trucks or approximately six cars. Updates include the furnace and AC in 2024, side roof shingles in 2026, and one water heater tank in 2026. The property is described as being in good condition and is offered as-is.

Key Highlights

  • Two residences: three bedrooms on the first floor and two on the second
  • Each unit has living and dining rooms and a family room off the kitchen
  • Basement has an additional room and kitchen; future use is subject to zoning and permits

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,170
Businesses Nearby

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

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence has living and dining areas, with a family room adjoining the kitchen.
Where is this duplex located?
The property is located at 2523 N Oak Park Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two residences: three bedrooms on the first floor and two on the second; Each unit has living and dining rooms and a family room off the kitchen; Basement has an additional room and kitchen; future use is subject to zoning and permits
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