Duplex with Separate Dining
For Sale
$630,000
257 E Delaware Place Unit 1A2A, Chicago, IL 60611
The residence includes three bedrooms, 3.5 bathrooms, and generous closet storage.
Property Size2,200 SF
Price / SF$286.36
Days on Market152
Property Features for 257 E Delaware Place Unit 1A2A
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Condo-Duplex
Site & Location
Neighborhood
Gold Coast
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$16,114
Building Details
Building Size
2,200 SF
Year Built
1917
Listing Agency:
Compass
Listed By:
Brad Lippitz Group
(773) 404-1144
Source:
Bradlippitz
Added: May 30
Changed: Oct 26
Last Checked: Oct 26 at 11:53AM
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
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 2,200-square-foot duplex residence offers three bedrooms and 3.5 bathrooms, with a separate dining area and generous closet space. The building dates to 1917.
The property is in Chicago’s Streeterville area, near Michigan Avenue and Lake Michigan. Shopping, restaurants, parks, museums, and entertainment are also nearby.
The property is in Chicago’s Streeterville area, near Michigan Avenue and Lake Michigan. Shopping, restaurants, parks, museums, and entertainment are also nearby.
Key Highlights
- 2,200‑square‑foot duplex residence
- Three bedrooms and 3.5 bathrooms
- Separate dining area and generous closet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,724
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,480
$674.5K
Cap Rate 7%
$481,771
$481.8K
Cap Rate 9%
$374,711
$374.7K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$64.7K $29.40/SF
− Vacancy
−$3.4K −$1.53/SF
EGI
$61.3K $27.87/SF
− OpEx
−$27.6K −$12.54/SF
NOI
$33.7K $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%
$674,480
Cap Rate 7%
$481,771
Cap Rate 9%
$374,711
Alternative Uses
Best Use
Apartment 5plus
$481.8K
$421.6K – $562.1K
NOI $33,724 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$907.6K – $1.21M
NOI $72,611 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
19,953
Businesses Nearby
Explore this area
Business Placement
Demographics for 60611, IL
38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes three bedrooms, 3.5 bathrooms, and generous closet storage.
Where is this residential income property located?
The property is located at 257 E Delaware Place Unit 1A2A Chicago, IL.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 2,200‑square‑foot duplex residence; Three bedrooms and 3.5 bathrooms; Separate dining area and generous closet space
