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Avondale Two-Unit Plus Vacant Lot
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2920 N Richmond Street, Chicago, IL 60618

Two-unit property with adjacent vacant lot in prime Avondale.

Property SizeContact for details
Days on Market93

Property Features for 2920 N Richmond Street

General Information

Standard status Active
Property subtype Multifamily
Zoning MULTI

Building Details

Year Built 1898
Listing Agency: Berkshire Hathaway HomeServices Starck Real Estate
Listed By: Liz Goodchild · License #IL
Source: Crexi
Added: May 10 Changed: Aug 8 Last Checked: Jul 16 at 11:45AM

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 Berkshire Hathaway HomeServices Starck Real Estate

Investment Insights

Based on property information with market context.

Located in Chicago's Avondale neighborhood, this property at 2920 N Richmond St presents opportunities for investors, developers, or homeowners. The property includes a two-unit building and an adjacent vacant lot, creating an oversized parcel. The location provides access to restaurants, coffee shops, breweries, parks, and nightlife, while maintaining a neighborhood charm. Convenient access to public transportation, expressways, and downtown Chicago adds to its appeal. The property can be maintained as an income-producing multi-unit, transformed into a single-family home, or allow for new construction on the additional lot.

Key Highlights

  • Rare opportunity: Two‑unit property with adjacent vacant lot in Avondale.
  • Potential for income generation, single‑family conversion, or new construction.
  • Prime location: Minutes from Logan Square's amenities and Avondale's charm.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Butcher Bed & Breakfast Clothing & Fashion Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,200
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with adjacent vacant lot in prime Avondale.
Where is this duplex located?
The property is located at 2920 N Richmond Street Chicago, IL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Rare opportunity: Two‑unit property with adjacent vacant lot in Avondale.; Potential for income generation, single‑family conversion, or new construction.; Prime location: Minutes from Logan Square's amenities and Avondale's charm.
More about this property
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