Well-Maintained Two-Flat
3031 North Davlin Court Chicago, IL 60618
3031 North Davlin Court, Chicago, IL, 60618
$569,900
Pending
For Sale
$569,900
Pending
Well taken care of two-flat duplex offered for sale and sold as-is.
Property Size2,400 SF
Days on Market29
Property Features for 3031 North Davlin Court
General Information
- Standard status
- Pending
- Size
- 2,400 SF
- Property subtype
- Two to Four Units / 2 Flat
Building Details
- Year Built
- 1922
Listing agency
Chicagoland Brokers, Inc.
(708) 280-5262
Listed by
Clemente Lopez · License #475128961
(708) 280-5262
Source
Compass
Added: Jun 24 Updated: Jul 21 at 8:34AM Checked: Jul 21 at 8:34AM
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 Chicagoland Brokers, Inc.
Investment Insights
Based on property information with market context.
This well-maintained two-flat duplex is being offered for sale and will be delivered as-is. The property is presented as a residential income building and is described as lovingly maintained.
Located in the heart of Avondale in Chicago, the offering is positioned minutes from local restaurants, breweries, shopping, parks, public transit, and easy access to the highway.
The building is presented as an opportunity for either an owner-occupant or an investor, with buyers able to renovate, rent, or hold long-term.
Located in the heart of Avondale in Chicago, the offering is positioned minutes from local restaurants, breweries, shopping, parks, public transit, and easy access to the highway.
The building is presented as an opportunity for either an owner-occupant or an investor, with buyers able to renovate, rent, or hold long-term.
Key Highlights
- Well‑taken‑care two‑flat duplex in Chicago’s Avondale neighborhood
- Built in 1922
- Sold as‑is
Local 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 | $59.0k | $24.60 |
| − Vacancy | −$3.8k | −$1.60 |
| EGI | $55.2k | $23.00 |
| − OpEx | −$16.6k | −$6.90 |
| NOI | $38.6k | $16.10 |
2,400 SF · lease $24.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$552.0K
$483.0K – $644.0K
NOI $38,642 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$496.7K
$434.6K – $579.5K
NOI $34,767 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.05M
$917.5K – $1.22M
NOI $73,403 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well taken care of two-flat duplex offered for sale and sold as-is.
Where is this duplex located?
The property is located at 3031 North Davlin Court Chicago, IL.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Well‑taken‑care two‑flat duplex in Chicago’s Avondale neighborhood; Built in 1922; Sold as‑is
