Duplex Residential
3512 W Leland Avenue Unit 1, Chicago, IL 60625
For Sale
$329,900
The lower level contains a bedroom, bath, and den or family room.
Property Size1,661 SF
Price / SF$198.62
Days on Market20
Property Features for 3512 W Leland Avenue Unit 1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Central AC
hardwood floors
eat-in kitchen
custom blinds
gas fireplace
private deck
in-unit washer/dryer
shared patio
grills
Ring security system
Building Details
Building Size
Year Built
Listing Agency:
ProCasa Realty, Ltd.
Listed By:
Loyda Paredes · License #471006928
(312) 402-7052
Source:
Dawnmckennagroup
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 7 at 7:40PM
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 ProCasa Realty, Ltd.
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Investment Insights
Based on property information with market context.
This 1,661-square-foot duplex condominium was built in 1920. The upper level features a south-facing living room, hardwood floors, a gas fireplace, and an eat-in kitchen. The lower level includes a bedroom suite with a private bath and a den or family room. A private deck, central air conditioning, custom blinds, security film on the windows, and an in-unit front-loading washer and dryer are also included.
Residents have access to a shared patio with grills. The Brown Line station is a four-minute walk away, and North Park University is 0.5 mile from the property. Rentals are permitted, and the building association recently completed roof work and installed Ring devices at the entrance and exit.
Residents have access to a shared patio with grills. The Brown Line station is a four-minute walk away, and North Park University is 0.5 mile from the property. Rentals are permitted, and the building association recently completed roof work and installed Ring devices at the entrance and exit.
Key Highlights
- 1,661‑square‑foot duplex condominium with a private deck
- Lower level has a bedroom suite with bath and a den or family room
- In‑unit front‑loading washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,462
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,240
$509.2K
Cap Rate 7%
$363,743
$363.7K
Cap Rate 9%
$282,911
$282.9K
Market Conditions
NOI Build-Up for 1,661 SF
Gross rent
$48.8K $29.40/SF
− Vacancy
−$2.5K −$1.53/SF
EGI
$46.3K $27.87/SF
− OpEx
−$20.8K −$12.54/SF
NOI
$25.5K $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%
$509,240
Cap Rate 7%
$363,743
Cap Rate 9%
$282,911
Alternative Uses
Best Use
Apartment 5plus
$363.7K
$318.3K – $424.4K
NOI $25,462 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$783.2K
$685.3K – $913.7K
NOI $54,821 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,551
Businesses Nearby
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Business Placement
Demographics for 60625, IL
76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
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Market
Properties on Market for Residential income properties in Chicago
Frequently Asked Questions
What type of property is this?
Residential income property - The lower level contains a bedroom, bath, and den or family room.
Where is this residential income property located?
The property is located at 3512 W Leland Avenue Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1,661‑square‑foot duplex condominium with a private deck; Lower level has a bedroom suite with bath and a den or family room; In‑unit front‑loading washer and dryer
