Old Town Duplex with Modern
323 W Schiller Street #1W, Chicago, IL 60610
For Sale
$560,000
Spacious 3-bedroom duplex in Old Town with modern features.
Property Size2,100 SF
Price / SF$266.67
Days on Market442
Property Features for 323 W Schiller Street #1W
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Central Air
Natural Gas
Radiant Floor
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Circle
Listed By:
Craig Rogner
(773) 888-4200
Source:
Kw
Added: Aug 25, 2025
Changed: Nov 8
Last Checked: Nov 8 at 8:28AM
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 Century 21 Circle
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Investment Insights
Based on property information with market context.
This spacious duplex down is located on a tree-lined street in Old Town. The home features 10-foot ceilings and hardwood floors throughout. The chef's kitchen includes quartz countertops and stainless steel appliances. The primary suite features a private balcony, a marble tile walk-in shower, a separate tub, and heated flooring. The property includes an in-unit washer/dryer and one parking space. The property contains 3 bedrooms and 3 bathrooms. The unit is conveniently located near the brown and purple line train, shopping, dining, and nightlife. The property size is 2100 square feet.
Key Highlights
- Prime Old Town location near transportation (brown and purple lines), shopping, dining, and nightlife.
- Spacious 3‑bedroom, 3‑bath duplex down with high (10‑foot) ceilings.
- Chef's kitchen featuring quartz countertops and stainless steel appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,007
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,140
$700.1K
Cap Rate 7%
$500,100
$500.1K
Cap Rate 9%
$388,967
$389.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$52.9K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$50.0K $23.81/SF
− OpEx
−$15.0K −$7.14/SF
NOI
$35.0K $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 Rate 5%
$700,140
Cap Rate 7%
$500,100
Cap Rate 9%
$388,967
Alternative Uses
Best Use
Multifamily LT 5
$500.1K
$437.6K – $583.5K
NOI $35,007 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$459.9K
$402.4K – $536.5K
NOI $32,191 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$990.1K
$866.4K – $1.16M
NOI $69,310 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,488
Businesses Nearby
Explore this area
Business Placement
Demographics for 60610, IL
43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Spacious 3-bedroom duplex in Old Town with modern features.
Where is this duplex located?
The property is located at 323 W Schiller Street #1W Chicago, IL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Prime Old Town location near transportation (brown and purple lines), shopping, dining, and nightlife.; Spacious 3‑bedroom, 3‑bath duplex down with high (10‑foot) ceilings.; Chef's kitchen featuring quartz countertops and stainless steel appliances.
