Residential Income Property with Garage
310 N Desplaines Street Unit A, Chicago, IL 60661
For Sale
New
$850,000
A three-bedroom townhome pairs an updated kitchen with an attached heated garage and a second garage space.
Property Size2,500 SF
Price / SF$340
Days on Market6
Property Features for 310 N Desplaines Street Unit A
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
soaring ceilings
fireplace
updated kitchen
granite countertops
stainless steel appliances
breakfast bar
large eat-in island
spacious primary suite with sitting area
custom-organized walk-in closet
private balcony with city views
gated courtyard
community dog-run
heated garage
EV charging
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Nadine Ferrata · License #475139686
(312) 915-4713
Source:
Dawnmckennagroup
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 6 at 2:50PM
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 Compass
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Investment Insights
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Built in 2000, this 2,500-square-foot townhome offers three bedrooms and 2.5 bathrooms. Hardwood floors, tall ceilings, large windows and a fireplace define the main living area. The updated kitchen includes white cabinetry, granite counters, stainless steel appliances and an eat-in island. Upstairs, the primary suite has a sitting area, ensuite bath and walk-in closet; two more bedrooms and a flexible office area complete the layout. The office area opens to a private balcony.
The property is at 310 N Desplaines Street in Chicago’s West Loop, near grocery stores, restaurants, boutiques, parks and shopping. Community features include a gated courtyard and dog run. One heated garage space is attached, and a second garage space is in a building across the street. Heating and gas are included in the HOA. The water heater was replaced in 2025, and the HVAC blower/fan was replaced in 2026.
The property is at 310 N Desplaines Street in Chicago’s West Loop, near grocery stores, restaurants, boutiques, parks and shopping. Community features include a gated courtyard and dog run. One heated garage space is attached, and a second garage space is in a building across the street. Heating and gas are included in the HOA. The water heater was replaced in 2025, and the HVAC blower/fan was replaced in 2026.
Key Highlights
- 2,500‑square‑foot townhome with 3 bedrooms and 2.5 bathrooms
- Built in 2000
- Two garage spaces, including one attached heated space and one in a building across the street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,323
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,460
$766.5K
Cap Rate 7%
$547,471
$547.5K
Cap Rate 9%
$425,811
$425.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$73.5K $29.40/SF
− Vacancy
−$3.8K −$1.53/SF
EGI
$69.7K $27.87/SF
− OpEx
−$31.4K −$12.54/SF
NOI
$38.3K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,460
Cap Rate 7%
$547,471
Cap Rate 9%
$425,811
Alternative Uses
Best Use
Apartment 5plus
$547.5K
$479.0K – $638.7K
NOI $38,323 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,512 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
15,560
Businesses Nearby
Explore this area
Business Placement
Demographics for 60661, IL
11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
Median Home Value
Market
Properties on Market for Residential income properties in Chicago
Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom townhome pairs an updated kitchen with an attached heated garage and a second garage space.
Where is this residential income property located?
The property is located at 310 N Desplaines Street Unit A Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,500‑square‑foot townhome with 3 bedrooms and 2.5 bathrooms; Built in 2000; Two garage spaces, including one attached heated space and one in a building across the street
