Brick 2-Flat Income
4307 South Sawyer Avenue Chicago, IL 60632
4307 South Sawyer Avenue, Chicago, IL, 60632
$275,000
Pending
For Sale
$275,000
Pending
Brick duplex with hardwood floors, enclosed back porch, unfinished attic, basement, and a two-car garage on site.
Property Size1,936 SF
Days on Market45
Property Features for 4307 South Sawyer Avenue
General Information
- Standard status
- Pending
- Size
- 1,936 SF
- Property subtype
- Two to Four Units / 2 Flat
Building Details
- Year Built
- 1925
Listing agency
Spartan Residential
(773) 218-0876
Listed by
Eric Strung · License #471000592
(773) 218-0876
Source
Compass
Added: Jun 8 Updated: Jul 21 at 4:06AM Checked: Jul 22 at 11:31AM
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 Spartan Residential
Investment Insights
Based on property information with market context.
This brick 2-flat duplex is positioned as a renovation-ready residential income property. The building includes hardwood floors in both apartments, enclosed back porches, and both an unfinished attic and an unfinished basement. A two-car garage and a yard are also part of the offering. The seller indicates the basics are in place, while the interior will need updating.
The property is located near Kedzie and Archer, with an Orange Line stop described as close by.
The sale is being offered as-is, and the property is corporate owned. The seller is considering cash offers and offers that do not include financing contingencies only.
The property is located near Kedzie and Archer, with an Orange Line stop described as close by.
The sale is being offered as-is, and the property is corporate owned. The seller is considering cash offers and offers that do not include financing contingencies only.
Key Highlights
- Brick 2‑flat built in 1925 with original hardwood floors in both apartments
- Enclosed back porch plus unfinished attic and basement, offering additional storage/expansion potential
- On‑site 2‑car garage and a nice yard
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $25.20 |
| − Vacancy | −$2.8k | −$1.46 |
| EGI | $46.0k | $23.74 |
| − OpEx | −$20.7k | −$10.68 |
| NOI | $25.3k | $13.06 |
1,936 SF · lease $25.20/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.9K
$351.6K – $468.8K
NOI $28,130 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$361.1K
$316.0K – $421.3K
NOI $25,277 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$852.0K
$745.5K – $994.0K
NOI $59,637 @ 7.0% cap · market cap 21.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick duplex with hardwood floors, enclosed back porch, unfinished attic, basement, and a two-car garage on site.
Where is this duplex located?
The property is located at 4307 South Sawyer Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Brick 2‑flat built in 1925 with original hardwood floors in both apartments; Enclosed back porch plus unfinished attic and basement, offering additional storage/expansion potential; On‑site 2‑car garage and a nice yard
