Historic 2-Flat with Garden
For Sale
Contact for pricing
2832 W WILCOX Street, Chicago, IL 60612
Legal 2-flat with private side entries, dual kitchens, and separate living areas across three levels.
Property Size3,150 SF
Price / SF$247.62
Days on Market11
Property Features for 2832 W WILCOX Street
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Multifamily
Building Details
Year Built
2026
Stories
3
Tenancy
Multi
Listing Agency:
Realty Of America
Listed By:
Brittney Wilkinson · License #IL 475177348
Source:
Crexi
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 31 at 7:25AM
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 Realty Of America
Investment Insights
Based on property information with market context.
2832 W Wilcox is a legal 2-flat that combines the feel of a traditional two-unit property with a single-family-style layout, spread across three levels of living space. The residence provides a total of five bedrooms and 4.1 baths, with dual kitchens, dual HVAC, and dual laundry areas. Each unit has a private side entry, supporting separation and privacy.
The upper level features a primary suite with dual walk-in closets and a primary bath with dual vanity, a freestanding tub, and an oversized separate shower, along with additional guest bedrooms, a guest bath with double vanity sinks, and a laundry center. The English garden level includes two bedrooms and two bathrooms, plus a full living room and a full kitchen with quartz countertops and stainless appliances.
Located in Chicago’s historic East Garfield area, the property is described as being minutes from the United Center and the 1901 redevelopment project, with access to the surrounding corridor while maintaining a tree-lined-street setting.
The upper level features a primary suite with dual walk-in closets and a primary bath with dual vanity, a freestanding tub, and an oversized separate shower, along with additional guest bedrooms, a guest bath with double vanity sinks, and a laundry center. The English garden level includes two bedrooms and two bathrooms, plus a full living room and a full kitchen with quartz countertops and stainless appliances.
Located in Chicago’s historic East Garfield area, the property is described as being minutes from the United Center and the 1901 redevelopment project, with access to the surrounding corridor while maintaining a tree-lined-street setting.
Key Highlights
- Legal 2‑flat with 3 levels of living space totaling 3,150 SF
- 5 bedrooms and 4.1 baths with dual primary suite setup
- Dual kitchens plus separate living areas, including an English garden level with full kitchen
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.4k | $25.20 |
| − Vacancy | −$4.4k | −$1.39 |
| EGI | $75.0k | $23.81 |
| − OpEx | −$22.5k | −$7.14 |
| NOI | $52.5k | $16.67 |
3,150 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$750.1K
$656.4K – $875.2K
NOI $52,510 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$689.8K
$603.6K – $804.8K
NOI $48,287 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $103,965 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 60612, IL
34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal 2-flat with private side entries, dual kitchens, and separate living areas across three levels.
Where is this duplex located?
The property is located at 2832 W WILCOX Street Chicago, IL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Legal 2‑flat with 3 levels of living space totaling 3,150 SF; 5 bedrooms and 4.1 baths with dual primary suite setup; Dual kitchens plus separate living areas, including an English garden level with full kitchen
