South Lawndale Two-Unit Brick
2841 W 25th Street, Chicago, IL 60623
- Added:
- Mar 26, 2026
- Days on Market:
- 64
- Last Refresh:
- May 28 at 5:06 am
Property Features for 2841 W 25th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 1
- Parking
- 2
- Parking features
- Garage, Open
- Basement
- Full, Finished
- Standard status
- Active Under Contract
- APN
- 16251260080000
- Size
- 2,300 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5397
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1896
- Building materials
- Vinyl Siding, Brick
Listing agent Nima Shams License #475178819 (773) 671-6857
Listing office Realistic Realty LLC 4450 N Central Ave., Chicago, IL (773) 671-6857
Listing date Mar 26, 2026
MLS# 12602303
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing two‑unit brick building in a high‑demand rental corridor.
- Boasting over 2,300 square feet of living space with two generously sized units.
- Ideal for owner‑occupant or investor with strong rental income potential.
- Each unit features multiple bedrooms and full bathrooms.
- Located in the heart of South Lawndale (Little Village), Chicago, close to amenities and public transportation.
- Solid brick exterior reflecting classic Chicago craftsmanship.
Overview
This well-maintained two-unit brick building is located in South Lawndale (Little Village), Chicago. The property offers over 2,300 square feet of living space. Each unit features a functional layout with ample living space, multiple bedrooms, and full bathrooms. The solid brick exterior reflects classic Chicago craftsmanship, while the interior offers spacious rooms filled with natural light. This property delivers versatility and upside potential. It is located just steps from shopping, restaurants, schools, parks, and public transportation, and benefits from strong neighborhood density and consistent rental demand. This property is ideal for an owner-occupant or an investor seeking strong rental income potential. It presents an opportunity to live in one unit and rent the other, rent both for maximum cash flow, or hold as a long-term investment in a high-demand rental corridor.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$426.0K
NOI $38,341 @ 9.00% cap · cautious / downside scenario
Moderate
$547.7K
NOI $38,341 @ 7.00% cap · market / base-case scenario
Aggressive
$766.8K
NOI $38,341 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.0k | $25.20 |
| − Vacancy | −$3.2k | −$1.39 |
| EGI | $54.8k | $23.81 |
| − OpEx | −$16.4k | −$7.14 |
| NOI | $38.3k | $16.67 |
2,300 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$547.7K
$479.3K – $639.0K
NOI $38,341 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$503.7K
$440.7K – $587.6K
NOI $35,257 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$1.08M
$948.9K – $1.27M
NOI $75,911 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.696947
- Latitude
- 41.846176
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Spacious, income-producing two-unit building in the heart of Chicago.
Where is this duplex located?
The property is located at 2841 W 25th Street Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Income‑producing two‑unit brick building in a high‑demand rental corridor.; Boasting over 2,300 square feet of living space with two generously sized units.; Ideal for owner‑occupant or investor with strong rental income potential.
