Solar-Powered Two-Unit
New
For Sale
$699,000
3256 W Douglas Boulevard, Chicago, IL 60623
A separate garden apartment adds rental flexibility to the two-floor owner’s residence.
Property Size2,850 SF
Price / SF$245.26
Days on Market1
Property Features for 3256 W Douglas Boulevard
General Information
Standard status
Active
Size
2,850 SF
Total Parking Spaces
2
Property subtype
Two to Four Units
Zoning
MULTI
Site & Location
Neighborhood
Lawndale
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,269
Amenities
Finished,Full
Double Sink
4
5
3
1
2
Lake Michigan
25x167
No
Intercom,CO Detectors,Ceiling Fan(s),Sump Pump,Air Exchanger,Water Heater-Electric
Garage Door Opener,EV Ready,Yes,Garage Owned,Detached,Garage
Concrete Perimeter
Building Details
Year Built
2026
Buildings
1
Listing Agency:
(630) 833-4422
Listed By:
George & Maribel Medina · License #471005598
(630) 408-9997
Source:
Gmsrealtygroup
Added: Oct 31
Last Checked: Oct 31 at 2:17PM
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 George & Maribel Medina
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this 2,850-square-foot duplex contains two residences. The upper unit spans two floors and has three bedrooms and 2.5 bathrooms, with an open layout, 9-foot ceilings, a fireplace, and a kitchen featuring quartz counters, custom cabinetry, an induction range, and a 10-foot island. The garden-level unit has two bedrooms, one bathroom, quartz counters, custom cabinetry, and an induction range.
The building is all-electric and has on-site solar panels, triple-pane windows, Broan ERVs, and continuous spray foam insulation with staggered-stud framing. Outdoor features include a fenced lot measuring 25 by 167 feet and a detached, EV-ready two-car garage.
The building is all-electric and has on-site solar panels, triple-pane windows, Broan ERVs, and continuous spray foam insulation with staggered-stud framing. Outdoor features include a fenced lot measuring 25 by 167 feet and a detached, EV-ready two-car garage.
Key Highlights
- Two residences: a three‑bedroom, 2.5‑bath upper duplex and a two‑bedroom, one‑bath garden unit
- 2,850 square feet; built in 2026
- On‑site solar power and all‑electric building systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,509
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,180
$950.2K
Cap Rate 7%
$678,700
$678.7K
Cap Rate 9%
$527,878
$527.9K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$71.8K $25.20/SF
− Vacancy
−$4.0K −$1.39/SF
EGI
$67.9K $23.81/SF
− OpEx
−$20.4K −$7.14/SF
NOI
$47.5K $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%
$950,180
Cap Rate 7%
$678,700
Cap Rate 9%
$527,878
Alternative Uses
Best Use
Multifamily LT 5
$678.7K
$593.9K – $791.8K
NOI $47,509 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$624.1K
$546.1K – $728.1K
NOI $43,688 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,064 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - A separate garden apartment adds rental flexibility to the two-floor owner’s residence.
Where is this duplex located?
The property is located at 3256 W Douglas Boulevard Chicago, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two residences: a three‑bedroom, 2.5‑bath upper duplex and a two‑bedroom, one‑bath garden unit; 2,850 square feet; built in 2026; On‑site solar power and all‑electric building systems
