Brick Duplex with
4256 N Meade Avenue, Chicago, IL 60634
For Sale
New
$395,000
Pending
The two residences occupy a ground-level floor and a raised upper floor connected by interior stairs.
Property Size1,900 SF
Days on Market3
Property Features for 4256 N Meade Avenue
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Hometown Real Estate Group
Listed By:
Gary Machnik · License IL #475093313
(773) 625-1121
Source:
Kalelrealty
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 13 at 7:27PM
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 Hometown Real Estate Group
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Investment Insights
Based on property information with market context.
This 1903 brick duplex contains two residences, with one at ground level and the other on an elevated upper floor. An interior stairway continues to a large attic, and the building has no basement. The attic offers additional space within the existing structure.
The property has water-damaged ceilings following a broken pipe. There is no water in the building, and the upper level has no electricity. The sale is as-is, with cash offers and proof of funds required.
The property has water-damaged ceilings following a broken pipe. There is no water in the building, and the upper level has no electricity. The sale is as-is, with cash offers and proof of funds required.
Key Highlights
- Brick building configured as a two‑unit property
- Large attic accessed by an interior stairway
- 1903 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,337
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,740
$626.7K
Cap Rate 7%
$447,671
$447.7K
Cap Rate 9%
$348,189
$348.2K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$47.9K $25.20/SF
− Vacancy
−$3.1K −$1.64/SF
EGI
$44.8K $23.56/SF
− OpEx
−$13.4K −$7.07/SF
NOI
$31.3K $16.49/SF
Area
ZIP 60634
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,740
Cap Rate 7%
$447,671
Cap Rate 9%
$348,189
Alternative Uses
Best Use
Multifamily LT 5
$447.7K
$391.7K – $522.3K
NOI $31,337 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$413.4K
$361.8K – $482.4K
NOI $28,941 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$518.1K
$453.3K – $604.4K
NOI $36,266 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
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Business Placement
Demographics for 60634, IL
75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value
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Market
Properties on Market for Duplexes in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences occupy a ground-level floor and a raised upper floor connected by interior stairs.
Where is this duplex located?
The property is located at 4256 N Meade Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Brick building configured as a two‑unit property; Large attic accessed by an interior stairway; 1903 construction
