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Two-Unit Duplex

3130 W 16th Street, Chicago, IL 60623

For Sale
New
$229,999

The building is stripped to its core and requires renovation before occupancy.

Property SizeContact for details
Days on Market5

Property Features for 3130 W 16th Street

General Information

Standard status Active
Property subtype MULTI_FAMILY

Property Condition

Severity Major Repairs Needed
Evidence gutted

Site & Location

Neighborhood Lawndale
Public Transit Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,811

Building Details

Year Built 1900
Listing Agency: Berkshire Hathaway HomeServices Chicago
Listed By: Sean McDonald · License #MRD882103
Source: Dawnmckennagroup
Added: Nov 3 Changed: Nov 7 Last Checked: Nov 6 at 6:25PM

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 Chicago

Rey
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Investment Insights

Based on property information with market context.

Built in 1900, this two-unit duplex at 3130 W 16th St in Chicago’s North Lawndale neighborhood has been gutted and needs renovation. The property is offered in its current condition.

Public transportation, parks, shopping, and major expressways are in the surrounding area. Any redevelopment beyond the existing two-unit configuration is subject to applicable zoning and city approvals.

Key Highlights

  • Two‑unit duplex built in 1900
  • Gutted building requiring renovation
  • 3130 W 16th St in Chicago’s North Lawndale neighborhood

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,873
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Duplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - The building is stripped to its core and requires renovation before occupancy.
Where is this duplex located?
The property is located at 3130 W 16th Street Chicago, IL.
What is the asking price?
The asking price for this property is $229,999.
What are key features of this property?
This property features: Two‑unit duplex built in 1900; Gutted building requiring renovation; 3130 W 16th St in Chicago’s North Lawndale neighborhood
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