Duplex-Down Residential Income
For Sale
$835,000
Pending
3233 N Racine Avenue Unit 1, Chicago, IL 60657
Well-maintained home with remodeled finishes, private outdoor areas, garage parking, and extensive storage throughout.
Property Size2,300 SF
Days on Market53
Property Features for 3233 N Racine Avenue Unit 1
General Information
Standard status
Pending
Size
2,300 SF
Total Parking Spaces
1
Property subtype
Condo,Condo-Duplex
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,362
Amenities
fireplace
laundry room
private patio
deck
storage room
Building Details
Building Size
2,300 SF
Year Built
1999
Listing Agency:
Compass
Listed By:
Elias Masud · License #475163294
(630) 697-4540
Source:
Harkinsandassociates
Added: Aug 19
Changed: Oct 8
Last Checked: Oct 10 at 1:43AM
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
Investment Insights
Based on property information with market context.
This 2,300 SF duplex-down residential income property, built in 1999, offers three bedrooms and 2.5 baths across a carefully maintained interior. The layout includes hardwood floors, generous room proportions, a dedicated dining area, built-ins, two fireplaces, a laundry room, and substantial storage. The kitchen features 42-inch custom cabinetry, stainless steel appliances, granite counters, a tile backsplash, breakfast bar, and pantry. The primary suite adds a walk-in closet and remodeled en suite bath with dual vanity and linen storage.
Outdoor space includes a private patio adjoining the family room and a deck connected to the primary suite. The property also includes a detached garage parking space sized for an SUV with additional storage capacity. At 3233 N Racine Avenue in Chicago’s Lakeview area, the home is near the lake, Hawthorne Park, Donahue Park, CTA transportation, restaurants, nightlife, shopping, and Nettelhorst Elementary School.
Outdoor space includes a private patio adjoining the family room and a deck connected to the primary suite. The property also includes a detached garage parking space sized for an SUV with additional storage capacity. At 3233 N Racine Avenue in Chicago’s Lakeview area, the home is near the lake, Hawthorne Park, Donahue Park, CTA transportation, restaurants, nightlife, shopping, and Nettelhorst Elementary School.
Key Highlights
- 2,300 SF duplex‑down with 3 bedrooms and 2.5 baths
- Primary suite includes a remodeled en suite bathroom and organized walk‑in closet
- Kitchen has 42‑inch custom cabinetry, stainless steel appliances, granite counters, and pantry storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,257
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,140
$705.1K
Cap Rate 7%
$503,671
$503.7K
Cap Rate 9%
$391,744
$391.7K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$67.6K $29.40/SF
− Vacancy
−$3.5K −$1.53/SF
EGI
$64.1K $27.87/SF
− OpEx
−$28.8K −$12.54/SF
NOI
$35.3K $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%
$705,140
Cap Rate 7%
$503,671
Cap Rate 9%
$391,744
Alternative Uses
Best Use
Apartment 5plus
$503.7K
$440.7K – $587.6K
NOI $35,257 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$948.9K – $1.27M
NOI $75,911 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,001
Businesses Nearby
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Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Well-maintained home with remodeled finishes, private outdoor areas, garage parking, and extensive storage throughout.
Where is this residential income property located?
The property is located at 3233 N Racine Avenue Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: 2,300 SF duplex‑down with 3 bedrooms and 2.5 baths; Primary suite includes a remodeled en suite bathroom and organized walk‑in closet; Kitchen has 42‑inch custom cabinetry, stainless steel appliances, granite counters, and pantry storage
