Brick Multifamily Property with
New
For Sale
$799,000
3001 S Haynes Court, Chicago, IL 60608
Residential Income, Chicago, IL
Property Size3,818 SF
Lot Size0.06 Acres
Price / SF$209.27
Days on Market1
Property Features for 3001 S Haynes Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 8, Bedroom 5, Bathroom 3, Basement, Bathroom 5, Bedroom 9, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 6, Bathroom 4
Parking
2
Parking features
Open, Garage
Patio and Porch features
Porch
Basement
Unfinished, Full
Elementary school district
299
Middle school district
299
High school district
299
Directions
north/south on Archer Ave to Haynes Ct, 1-way south to property.
Subdivision
CHI - Bridgeport
Standard status
Active
APN
17293290010000
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
11653
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating)
Amenities
private porches
coin-operated laundry
Building Details
Year built
1903
Building materials
Brick
Roof type
Tar/Gravel
Architectural style
Other
Listing Agency:
Century 21 S.G.R., Inc. · Century 21 Real Estate
(312) 326-2121
Listed By:
Qizhong Guan
(312) 730-8319
Added: Sep 16
Last Checked: Sep 16 at 9:06PM
MLS# 12760344
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.
Investment Insights
Based on property information with market context.
This brick multifamily property was built in 1903 and contains approximately 3,818 square feet across four legal units plus a bonus unit. The configuration includes nine bedrooms and five bathrooms, with one three-bedroom layout, two two-bedroom layouts, and two one-bedroom layouts. Interior and exterior features include 10'+ ceilings, open-concept kitchens, private porches, an expansive unfinished basement, and coin-operated laundry. The property also has six gas meters, six electric meters, some newer windows, a newer porch, and a tear-off roof that is about 5-6 years new. A detached 2-car garage provides additional parking and storage.
The property is located near I-55, Archer Ave, CTA Bus #62, the Orange Line, Palmisano Park, Morgan and Halsted dining and entertainment, Cermak Produce, Mariano's, Chinatown, Downtown, Guaranteed Rate Field, and the lakefront. Public sewer service, open parking, and MULTI zoning are also documented.
The property is located near I-55, Archer Ave, CTA Bus #62, the Orange Line, Palmisano Park, Morgan and Halsted dining and entertainment, Cermak Produce, Mariano's, Chinatown, Downtown, Guaranteed Rate Field, and the lakefront. Public sewer service, open parking, and MULTI zoning are also documented.
Key Highlights
- Approximately 3,818 sq ft with 9 bedrooms and 5 bathrooms
- 4 legal units plus a bonus unit with varied one-, two-, and three‑bedroom layouts
- 10'+ ceilings, open‑concept kitchens, and private porches
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,645
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,272,900
$1.3M
Cap Rate 7%
$909,214
$909.2K
Cap Rate 9%
$707,167
$707.2K
Market Conditions
NOI Build-Up for 3,818 SF
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.
Gross rent
$96.2K $25.20/SF
− Vacancy
−$5.3K −$1.39/SF
EGI
$90.9K $23.81/SF
− OpEx
−$27.3K −$7.14/SF
NOI
$63.6K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,272,900
Cap Rate 7%
$909,214
Cap Rate 9%
$707,167
Alternative Uses
Best Use
Multifamily LT 5
$909.2K
$795.6K – $1.06M
NOI $63,645 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$836.1K
$731.6K – $975.5K
NOI $58,527 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,012 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
Explore this area
Business Placement
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Four legal units with flexible layouts, private porches, basement storage, and coin-operated laundry.
Where is this multifamily property located?
The property is located at 3001 S Haynes Court Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 3,818 sq ft with 9 bedrooms and 5 bathrooms; 4 legal units plus a bonus unit with varied one-, two-, and three‑bedroom layouts; 10'+ ceilings, open‑concept kitchens, and private porches
