Brick Two-Unit Duplex with
3139 W Washington Boulevard Chicago Chicago, IL 60612
3139 W Washington Boulevard Chicago, Chicago, IL, 60612
$580,000
Pending
For Sale
$580,000
Pending
Two turnkey duplex units in a well-maintained brick building with separate entrance and deck off the kitchen.
Property Size3,000 SF
Days on Market16
Property Features for 3139 W Washington Boulevard Chicago
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Property subtype
- Two to Four Units
Building Details
- Year Built
- 2008
Listing agency
(847) 558-6808
Listed by
Nora Carrillo
(847) 558-6808
Source
Remaxadream
Added: Jul 8 Updated: Jul 22 at 2:03PM Checked: Jul 23 at 2:46AM
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 Nora Carrillo
Investment Insights
Based on property information with market context.
Well-maintained brick two-flat presented as a duplex-style building, approximately 18½ years young. The upper duplex-up features hardwood floors throughout, a bright living area, three bedrooms, and 2.5 baths, along with a generous deck off the kitchen. The lower garden unit offers two bedrooms, one full bath, a separate entrance, and easy access to the yard. Both units are described as turnkey and ready for immediate occupancy, with appliances included with the sale.
The property is located on Chicago’s West Side and is noted as being close to public transportation, within an area described as being surrounded by newer high-end development.
Configuration includes two distinct, self-contained units with separate entrances, supporting straightforward owner-occupant use or rental income from both levels.
The property is located on Chicago’s West Side and is noted as being close to public transportation, within an area described as being surrounded by newer high-end development.
Configuration includes two distinct, self-contained units with separate entrances, supporting straightforward owner-occupant use or rental income from both levels.
Key Highlights
- 2008‑built brick two‑flat with 2 total units
- Finished, full basement plus 4 total baths (3 full, 1 half) and 5 total bedrooms
- Top unit duplex‑up: 3 bedrooms and 2.5 baths with hardwood floors
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 | $75.6k | $25.20 |
| − Vacancy | −$4.2k | −$1.39 |
| EGI | $71.4k | $23.81 |
| − OpEx | −$21.4k | −$7.14 |
| NOI | $50.0k | $16.67 |
3,000 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$714.4K
$625.1K – $833.5K
NOI $50,009 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$657.0K
$574.8K – $766.5K
NOI $45,987 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,014 @ 7.0% cap · market cap 17.07%
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 - Two turnkey duplex units in a well-maintained brick building with separate entrance and deck off the kitchen.
Where is this duplex located?
The property is located at 3139 W Washington Boulevard Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 2008‑built brick two‑flat with 2 total units; Finished, full basement plus 4 total baths (3 full, 1 half) and 5 total bedrooms; Top unit duplex‑up: 3 bedrooms and 2.5 baths with hardwood floors
