1-Bedroom Residential Income
For Sale
Contact for pricing
4220 W Armitage Avenue #1R, Chicago, IL 60639
Hardwood floors, radiator heat, and a spacious kitchen define this private rental unit.
Property Size600 SF
Days on Market135
Property Features for 4220 W Armitage Avenue #1R
General Information
Standard status
Active
Size
600 SF
Property subtype
Apartment
Building Details
Building Size
600 SF
Listing Agency:
High Fidelity Realty
Listed By:
Brett Murphy
(312) 728-7199
Source:
Chicago-home-listings.kw
Added: Jun 8
Changed: Oct 11
Last Checked: Oct 19 at 3:40AM
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 High Fidelity Realty
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Investment Insights
Based on property information with market context.
This private 1-bedroom, 1-bathroom residential unit features hardwood flooring throughout, a generously sized living room, and a large kitchen with space for a small café table. Radiator heat is included. Laundry is not provided on site, while a laundromat is located less than a block away. A small dog or cat may be permitted, subject to breed, weight, and age restrictions and an additional fee.
The property is located at 4220 W Armitage Avenue #1R in Chicago. Rico Fresh Market, Aldi, Walgreens, Rosa’s, Ground Control, and the Moonlighter are identified nearby. I-94 is just over a mile away, and the Armitage Avenue bus stop is outside the property.
The property is located at 4220 W Armitage Avenue #1R in Chicago. Rico Fresh Market, Aldi, Walgreens, Rosa’s, Ground Control, and the Moonlighter are identified nearby. I-94 is just over a mile away, and the Armitage Avenue bus stop is outside the property.
Key Highlights
- Private 1‑bedroom, 1‑bathroom unit
- Hardwood floors throughout the unit
- Large kitchen with room for a small café table
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,139
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,780
$182.8K
Cap Rate 7%
$130,557
$130.6K
Cap Rate 9%
$101,544
$101.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$17.6K $29.40/SF
− Vacancy
−$1.0K −$1.71/SF
EGI
$16.6K $27.69/SF
− OpEx
−$7.5K −$12.46/SF
NOI
$9.1K $15.23/SF
Area
ZIP 60639
Vacancy
5.80%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,780
Cap Rate 7%
$130,557
Cap Rate 9%
$101,544
Alternative Uses
Best Use
Apartment 5plus
$130.6K
$114.2K – $152.3K
NOI $9,139 @ 7.0% cap · market cap 913.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.3K
$232.1K – $309.5K
NOI $18,570 @ 7.0% cap · market cap 1,857.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,657
Businesses Nearby
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Business Placement
Demographics for 60639, IL
89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Hardwood floors, radiator heat, and a spacious kitchen define this private rental unit.
Where is this residential income property located?
The property is located at 4220 W Armitage Avenue #1R Chicago, IL.
What are key features of this property?
This property features: Private 1‑bedroom, 1‑bathroom unit; Hardwood floors throughout the unit; Large kitchen with room for a small café table
