Duplex with Multiple Private
For Sale
$999,900
4042 N Kolmar Avenue, Chicago, IL 60641
Separate residences include a four-bedroom upper home and a three-bedroom unit currently leased month-to-month.
Property Size3,558 SF
Price / SF$281.03
Days on Market12
Property Features for 4042 N Kolmar Avenue
General Information
Standard status
Active
Size
3,558 SF
Property subtype
Two to Four Units
Zoning
MULTI
Site & Location
Neighborhood
North Side
Public Transit
Yes
Units
Unit Mix
1 x 4BR/3BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$17,095
Amenities
private covered deck
dog run
multiple decks
professionally landscaped yard
in-unit laundry
high ceilings
hardwood floors
custom closets
custom walk-in closet
stainless steel appliances
garage
Crawl Space
5
7
2
Public
50x126
No
CO Detectors
Garage Door Opener,Garage,Yes,Garage Owned,Detached,Driveway,Owned
Balcony
Building Details
Year Built
1908
Buildings
1
Listing Agency:
(708) 787-2808
Listed By:
Ramzi Samir
Source:
Kawashgroup
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 2:51AM
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 Ramzi Samir
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Investment Insights
Based on property information with market context.
This 3,558-square-foot duplex in Chicago’s Old Irving Park has two separate residences. The upper unit spans two levels and includes four bedrooms, three bathrooms, in-unit laundry, hardwood floors, and a covered three-season deck, with additional private deck access from the primary suite. The first-floor residence has three bedrooms, two bathrooms, its own laundry, and an attached deck; it is occupied by a month-to-month tenant. Both units feature updated kitchens with stainless steel appliances. The property also includes a detached two-car garage, additional exterior parking, and landscaped outdoor areas with multiple decks and gardens.
The property is at 4042 N Kolmar Avenue, near the Blue Line, Metra, expressways, and Six Corners. It was built in 1908 and is zoned MULTI.
The property is at 4042 N Kolmar Avenue, near the Blue Line, Metra, expressways, and Six Corners. It was built in 1908 and is zoned MULTI.
Key Highlights
- Two separate residences: a 4‑bedroom, 3‑bathroom upper unit and a 3‑bedroom, 2‑bathroom first‑floor unit
- 3,558 square feet; built in 1908; zoned MULTI
- First‑floor unit is rented month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,311
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,220
$1.2M
Cap Rate 7%
$847,300
$847.3K
Cap Rate 9%
$659,011
$659.0K
Market Conditions
NOI Build-Up for 3,558 SF
Gross rent
$89.7K $25.20/SF
− Vacancy
−$4.9K −$1.39/SF
EGI
$84.7K $23.81/SF
− OpEx
−$25.4K −$7.14/SF
NOI
$59.3K $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%
$1,186,220
Cap Rate 7%
$847,300
Cap Rate 9%
$659,011
Alternative Uses
Best Use
Multifamily LT 5
$847.3K
$741.4K – $988.5K
NOI $59,311 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$779.2K
$681.8K – $909.0K
NOI $54,541 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,431 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
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Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
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 - Separate residences include a four-bedroom upper home and a three-bedroom unit currently leased month-to-month.
Where is this duplex located?
The property is located at 4042 N Kolmar Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Two separate residences: a 4‑bedroom, 3‑bathroom upper unit and a 3‑bedroom, 2‑bathroom first‑floor unit; 3,558 square feet; built in 1908; zoned MULTI; First‑floor unit is rented month‑to‑month
