Duplex Residential Income
New
For Sale
$524,900
3312 W Diversey Avenue Unit 1N, Chicago, IL 60647
The three-bedroom, three-bath floor plan spans two levels and includes an outdoor area off the primary suite.
Property Size1,350 SF
Price / SF$388.81
Days on Market7
Property Features for 3312 W Diversey Avenue Unit 1N
General Information
Standard status
Active
Size
1,350 SF
Total Parking Spaces
1
Property subtype
Condo-Duplex
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,705
Building Details
Building Size
1,350 SF
Year Built
2007
Listing Agency:
@properties Christie's International Real Estate
Listed By:
Cindy Weinreb · License #475149436
(312) 296-6892
Source:
Dawnmckennagroup
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 10:53PM
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 @properties Christie's International Real Estate
Investment Insights
Based on property information with market context.
This 1,350-square-foot duplex condo was built in 2007. Its upper floor serves as the main living level, with a living area and kitchen featuring granite countertops and stainless-steel appliances. Two bedrooms and two bathrooms are located below, including the primary suite, which opens to outdoor space. One parking space is included. The property is in Chicago’s Logan Square area.
Key Highlights
- Three‑bedroom, three‑bath duplex condo
- 1,350 square feet; built in 2007
- Granite countertops and stainless‑steel appliances in the kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,694
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,880
$413.9K
Cap Rate 7%
$295,629
$295.6K
Cap Rate 9%
$229,933
$229.9K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$39.7K $29.40/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$37.6K $27.87/SF
− OpEx
−$16.9K −$12.54/SF
NOI
$20.7K $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%
$413,880
Cap Rate 7%
$295,629
Cap Rate 9%
$229,933
Alternative Uses
Best Use
Apartment 5plus
$295.6K
$258.7K – $344.9K
NOI $20,694 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$636.5K
$557.0K – $742.6K
NOI $44,556 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,697
Businesses Nearby
Explore this area
Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom, three-bath floor plan spans two levels and includes an outdoor area off the primary suite.
Where is this residential income property located?
The property is located at 3312 W Diversey Avenue Unit 1N Chicago, IL.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Three‑bedroom, three‑bath duplex condo; 1,350 square feet; built in 2007; Granite countertops and stainless‑steel appliances in the kitchen
