Two-Unit Brick
4589 S Archer Avenue, Chicago, IL 60632
For Sale
New
$474,900
Pending
The apartments offer two- and three-bedroom layouts, enclosed rear porches, and separate living and dining rooms.
Property Size2,400 SF
Days on Market6
Property Features for 4589 S Archer Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
enclosed rear porch
unfinished basement
Unfinished,Full
Enclosed Porch
2
5
Lake Michigan
No
Yes,Garage Owned,Detached,Garage
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Compass Real Estate
(224) 627-5519
Listed By:
Thomas Quigley
(773) 482-1917
Source:
Michanarealestatesolutions
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 6 at 9:04AM
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 Compass Real Estate
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Investment Insights
Based on property information with market context.
Built in 1914, this brick duplex contains two apartments: a first-floor unit with two bedrooms and a second-floor unit with three. Each has one full bathroom, a living room, a dining room, and an enclosed rear porch. The first-floor kitchen has quartz counters, a pantry, updated cabinetry, and new appliances; the second-floor unit also has new appliances. An unfinished basement and a detached two-car garage complete the property.
The building is near schools, parks, shops, restaurants, and public transportation, with access to major highways. The property is being sold as is.
The building is near schools, parks, shops, restaurants, and public transportation, with access to major highways. The property is being sold as is.
Key Highlights
- Two‑unit brick building constructed in 1914
- First‑floor apartment has 2 bedrooms and 1 full bath; second‑floor apartment has 3 bedrooms and 1 full bath
- Enclosed rear porch with each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,872
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,440
$697.4K
Cap Rate 7%
$498,171
$498.2K
Cap Rate 9%
$387,467
$387.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$53.3K $22.20/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$49.8K $20.76/SF
− OpEx
−$14.9K −$6.23/SF
NOI
$34.9K $14.53/SF
Area
ZIP 60632
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,440
Cap Rate 7%
$498,171
Cap Rate 9%
$387,467
Alternative Uses
Best Use
Multifamily LT 5
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$447.6K
$391.7K – $522.3K
NOI $31,335 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.06M
$924.1K – $1.23M
NOI $73,931 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 60632, IL
92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 apartments offer two- and three-bedroom layouts, enclosed rear porches, and separate living and dining rooms.
Where is this duplex located?
The property is located at 4589 S Archer Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Two‑unit brick building constructed in 1914; First‑floor apartment has 2 bedrooms and 1 full bath; second‑floor apartment has 3 bedrooms and 1 full bath; Enclosed rear porch with each apartment
