Two-Unit Brick
New
For Sale
$429,900
3900 W Division Street, Chicago, IL 60651
Corner property with a full basement and separate rear and side exterior access.
Property Size2,104 SF
Price / SF$204.33
Days on Market3
Property Features for 3900 W Division Street
General Information
Standard status
Active
Size
2,104 SF
Property subtype
Two to Four Units
Zoning
MULTI
Property Condition
Severity
Repairs Needed
Evidence
needs some udating
Site & Location
Neighborhood
Humboldt Park
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,448
Amenities
secure locked parking
Unfinished,Full
Enclosed Porch
3
5
2
Public
40 X 125
No
Alley Access,Yes,Owned
Concrete Perimeter
Building Details
Year Built
1903
Construction
full-brick
Listing Agency:
RE/MAX Mi Casa
(224) 269-8556
Listed By:
Thomas Quigley
Source:
Michanarealestatesolutions
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:47AM
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 RE/MAX Mi Casa
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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.
This full-brick duplex contains two units and a full basement described as semi-finished. The basement has exterior access at both the rear and side. The property is livable and needs updating. Zoning is MULTI.
At 3900 W Division Street in Chicago, the corner property is near public transportation and offers access to the I-290 Expressway. The lot measures 40 X 125 and includes alley access. The property is being sold as-is, where-is.
At 3900 W Division Street in Chicago, the corner property is near public transportation and offers access to the I-290 Expressway. The lot measures 40 X 125 and includes alley access. The property is being sold as-is, where-is.
Key Highlights
- Two‑unit, full‑brick corner building
- 2,104 square feet
- Full basement with rear and side exterior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,073
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,460
$701.5K
Cap Rate 7%
$501,043
$501.0K
Cap Rate 9%
$389,700
$389.7K
Market Conditions
NOI Build-Up for 2,104 SF
Gross rent
$53.0K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$50.1K $23.81/SF
− OpEx
−$15.0K −$7.14/SF
NOI
$35.1K $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%
$701,460
Cap Rate 7%
$501,043
Cap Rate 9%
$389,700
Alternative Uses
Best Use
Multifamily LT 5
$501.0K
$438.4K – $584.6K
NOI $35,073 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$460.8K
$403.2K – $537.6K
NOI $32,253 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$992.0K
$868.0K – $1.16M
NOI $69,442 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,477
Businesses Nearby
Explore this area
Business Placement
Demographics for 60651, IL
62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Corner property with a full basement and separate rear and side exterior access.
Where is this duplex located?
The property is located at 3900 W Division Street Chicago, IL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Two‑unit, full‑brick corner building; 2,104 square feet; Full basement with rear and side exterior access
