Residential Income Property with Rooftop
3921 N Greenview Avenue Unit 1, Chicago, IL 60613
For Sale
$1,450,000
The five-bedroom duplex-down includes remodeled baths, a landscaped backyard, garage parking, and a private deck above the garage.
Property Size3,409 SF
Price / SF$425.34
Days on Market25
Property Features for 3921 N Greenview Avenue Unit 1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
private rear balcony
private garage rooftop deck
wet bar
built-in office area
laundry room
mudroom
professionally landscaped backyard
irrigation
Ipe decking
pergola
custom millwork
extra-large private storage unit
radiant heated floors
heated floors
soaking tub
steam shower
Building Details
Building Size
Year Built
Construction
Listing Agency:
Baird & Warner
(773) 697-5555
Listed By:
Michael Greco
Source:
Vestapreferred
Added: Oct 15
Changed: Nov 5
Last Checked: Nov 7 at 10:17AM
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 Baird & Warner
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Investment Insights
Based on property information with market context.
This 3,409-square-foot, five-bedroom, three-bathroom duplex-down occupies an oversized 27' x 183' lot. The main floor has separate living and dining rooms, a fireplace, and a remodeled kitchen with Wolf oven and Sub-Zero refrigerator. Three bedrooms are on this level, including a primary suite with a walk-in closet, rear balcony, and remodeled bath. The lower level features 10-foot ceilings, radiant heated floors, a family room with a second fireplace, wet bar, office area, two bedrooms, and a full bath. All three bathrooms have been remodeled or updated. Additional features include a side-by-side washer and dryer, mudroom, two furnaces, garage parking, exterior tandem parking, and private basement storage.
Outdoor space includes a landscaped private backyard with irrigation and a garage rooftop deck with Ipe decking, pergola, and electric service. The property is within the Blaine Elementary School boundaries and near Southport restaurants, shops, and parks in West Lakeview. Built in 2007, the residence has all-brick masonry and custom millwork.
Outdoor space includes a landscaped private backyard with irrigation and a garage rooftop deck with Ipe decking, pergola, and electric service. The property is within the Blaine Elementary School boundaries and near Southport restaurants, shops, and parks in West Lakeview. Built in 2007, the residence has all-brick masonry and custom millwork.
Key Highlights
- Five‑bedroom, three‑bathroom duplex‑down with 3,409 square feet
- Oversized 27' x 183' lot
- Lower level has 10‑foot ceilings, radiant heated floors, a family room, wet bar, office area, and two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,257
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,140
$1.0M
Cap Rate 7%
$746,529
$746.5K
Cap Rate 9%
$580,633
$580.6K
Market Conditions
NOI Build-Up for 3,409 SF
Gross rent
$100.2K $29.40/SF
− Vacancy
−$5.2K −$1.53/SF
EGI
$95.0K $27.87/SF
− OpEx
−$42.8K −$12.54/SF
NOI
$52.3K $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%
$1,045,140
Cap Rate 7%
$746,529
Cap Rate 9%
$580,633
Alternative Uses
Best Use
Apartment 5plus
$746.5K
$653.2K – $871.0K
NOI $52,257 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,513 @ 7.0% cap · market cap 7.76%
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
3,618
Businesses Nearby
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Business Placement
Demographics for 60613, IL
53,048
Population
31,263
Households
1.7
Avg Household Size
34
Median Age
75%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
23,064
Density / Sq Mi
$91,351
Median Household Income
$68,713
Median Earnings
$1,616
Median Rent
$397,800
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - The five-bedroom duplex-down includes remodeled baths, a landscaped backyard, garage parking, and a private deck above the garage.
Where is this residential income property located?
The property is located at 3921 N Greenview Avenue Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Five‑bedroom, three‑bathroom duplex‑down with 3,409 square feet; Oversized 27' x 183' lot; Lower level has 10‑foot ceilings, radiant heated floors, a family room, wet bar, office area, and two bedrooms
