Two-Unit Duplex
New
For Sale
$600,000
3446 W Jackson Boulevard, Chicago, IL 60624
The Chicago property includes a detached two-car garage, a gated paved rear yard, and renovations completed in 2023.
Property Size3,100 SF
Price / SF$193.55
Days on Market7
Property Features for 3446 W Jackson Boulevard
General Information
Standard status
Active
Size
3,100 SF
Total Parking Spaces
2
Property subtype
Two to Four Units
Site & Location
Neighborhood
East Garfield Park
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,658
Amenities
paved back yard
security gate
Finished,Full
5
6
2
Public
3
25x100
No
Yes,Detached,Unassigned,Off Street,Garage
Building Details
Year Built
1903
Year Renovated
2023
Listing Agency:
Vylla Home
(708) 787-2808
Listed By:
Anthony Lezza
Source:
Kawashgroup
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 31 at 2:44AM
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 Vylla Home
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Investment Insights
Based on property information with market context.
This 3,100-square-foot, two-flat property in Chicago’s East Garfield Park area was built in 1903 and renovated in 2023. The first-floor duplex is described as having six bedrooms and five bathrooms; a separate unit occupies the second floor. The property also has a detached two-car garage, a security gate, and a paved backyard. It is offered as-is.
Key Highlights
- Two‑flat property with a first‑floor duplex and a second‑floor unit
- First‑floor duplex has 6 bedrooms and 5 bathrooms
- 3,100 square feet; built in 1903 and renovated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,676
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,520
$1.0M
Cap Rate 7%
$738,229
$738.2K
Cap Rate 9%
$574,178
$574.2K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$78.1K $25.20/SF
− Vacancy
−$4.3K −$1.39/SF
EGI
$73.8K $23.81/SF
− OpEx
−$22.1K −$7.14/SF
NOI
$51.7K $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%
$1,033,520
Cap Rate 7%
$738,229
Cap Rate 9%
$574,178
Alternative Uses
Best Use
Multifamily LT 5
$738.2K
$646.0K – $861.3K
NOI $51,676 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,315 @ 7.0% cap · market cap 17.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
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Business Placement
Demographics for 60624, IL
37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The Chicago property includes a detached two-car garage, a gated paved rear yard, and renovations completed in 2023.
Where is this duplex located?
The property is located at 3446 W Jackson Boulevard Chicago, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑flat property with a first‑floor duplex and a second‑floor unit; First‑floor duplex has 6 bedrooms and 5 bathrooms; 3,100 square feet; built in 1903 and renovated in 2023
