Building Details

Building Size 2,400 SF

Year Built 2000

Listing Agency: Redfin Corporation

Listed By: Stacey Dombar Show Phone

Source: Dawnmckennagroup

Added: Sep 14 Changed: Oct 1 Last Checked: Oct 4 at 2:52PM

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Investment Insights

Based on property information with market context.

This 2,400-square-foot duplex-down residence, built in 2000, combines a main-level living room with a wood-burning fireplace and a remodeled kitchen featuring stainless steel appliances, quartz counters, a breakfast bar, shaker cabinetry, and a walk-in pantry. The kitchen connects with the dining and family areas and opens to a private rear deck. Three bedrooms occupy the lower level, including a primary suite with a walk-in closet, dual-vanity bath, soaking tub, heated floors, and a separate steam shower. The suite also opens to a private front patio. A dedicated laundry room, new side-by-side washer and dryer, and three storage closets add practical function.

The property is located at 3236 N Seminary Avenue in Chicago's Lakeview neighborhood, between Belmont and School. Grocery stores, restaurants, shopping, parks, playgrounds, public transportation, and the Belmont and Southport corridors are within easy walking distance. The residence is in the Nettelhorst School District.

Key Highlights

• 2,400‑square‑foot duplex‑down residence built in 2000
• Three‑bedroom layout with a primary suite and private front patio
• Remodeled kitchen with stainless steel appliances, quartz counters, and walk‑in pantry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,790

Cap Rate

3.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$735,800 $735.8K

Cap Rate 7%

$525,571 $525.6K

Cap Rate 9%

$408,778 $408.8K

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$70.6K $29.40/SF

− Vacancy

−$3.7K −$1.53/SF

EGI

$66.9K $27.87/SF

− OpEx

−$30.1K −$12.54/SF

NOI

$36.8K $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%

$735,800

Cap Rate 7%

$525,571

Cap Rate 9%

$408,778

Alternative Uses

Best Use

Apartment 5plus

$525.6K

$459.9K – $613.2K (±1% cap)

NOI $36,790 @ 7.0% cap · market cap 3.98%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.13M

$990.2K – $1.32M (±1% cap)

NOI $79,212 @ 7.0% cap · market cap 8.57%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Food Market Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,972

Businesses Nearby

Explore this area 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 - Duplex-down residence with private outdoor areas, updated interiors, and a walkable Lakeview setting.

Where is this residential income property located?

The property is located at 3236 N Seminary Avenue Unit 1 Chicago, IL.

What is the asking price?

The asking price for this property is $924,000.

What are key features of this property?

This property features: 2,400‑square‑foot duplex‑down residence built in 2000; Three‑bedroom layout with a primary suite and private front patio; Remodeled kitchen with stainless steel appliances, quartz counters, and walk‑in pantry