2-Unit Duplex with
For Sale
$850,000
3616 N Christiana Avenue, Chicago, IL 60618
The larger residence offers four bedrooms, three full baths, a primary suite, family room, and laundry room.
Property Size3,300 SF
Price / SF$257.58
Days on Market20
Property Features for 3616 N Christiana Avenue
General Information
Standard status
Active
Size
3,300 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
MULTI
Site & Location
Neighborhood
Irving Park
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/3BA, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,491
Amenities
oak hardwood floors
custom cabinetry
granite countertops
stainless-steel appliances
landscaped yard
laundry
Building Details
Year Built
1908
Buildings
1
Construction
Hardie Fiber Cement board
Listing Agency:
GREAT HOMES REAL ESTATE, INC.
(847) 930-5080
Listed By:
Monica Vargas · License #471003354
(847) 877-5988
Source:
Greathomesrealestate
Added: Oct 6
Changed: Oct 24
Last Checked: Oct 24 at 2:59PM
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 GREAT HOMES REAL ESTATE, INC.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains more than 3,300 square feet of living space. The duplex-down residence accounts for approximately 2,200 square feet and includes four bedrooms, three full baths, a primary suite, family room, and laundry room. The second apartment has two bedrooms and private stackable laundry in the basement. Both units feature oak hardwood floors, custom cabinetry, granite countertops, and stainless-steel appliances. The property also has a landscaped yard and a two-car garage with doors opening to both the yard and alley. Built in 1908, the property sits on a 30-foot lot and is zoned MULTI.
Restaurants, shopping, CTA transportation, and access to I-90/94 are noted in the surrounding area.
Restaurants, shopping, CTA transportation, and access to I-90/94 are noted in the surrounding area.
Key Highlights
- More than 3,300 sq. ft. of living space across two units
- Duplex‑down residence has approximately 2,200 sq. ft., 4 bedrooms, and 3 full baths
- Separate 2‑bedroom apartment with private stackable laundry in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,132
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,640
$1.1M
Cap Rate 7%
$759,029
$759.0K
Cap Rate 9%
$590,356
$590.4K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$81.2K $24.60/SF
− Vacancy
−$5.3K −$1.60/SF
EGI
$75.9K $23.00/SF
− OpEx
−$22.8K −$6.90/SF
NOI
$53.1K $16.10/SF
Area
ZIP 60618
Vacancy
6.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,640
Cap Rate 7%
$759,029
Cap Rate 9%
$590,356
Alternative Uses
Best Use
Multifamily LT 5
$759.0K
$664.2K – $885.5K
NOI $53,132 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$682.9K
$597.6K – $796.7K
NOI $47,804 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,929 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 60618, IL
90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The larger residence offers four bedrooms, three full baths, a primary suite, family room, and laundry room.
Where is this duplex located?
The property is located at 3616 N Christiana Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: More than 3,300 sq. ft. of living space across two units; Duplex‑down residence has approximately 2,200 sq. ft., 4 bedrooms, and 3 full baths; Separate 2‑bedroom apartment with private stackable laundry in the basement
