Duplex-Down Residential Income
4716 S Ingleside Avenue Unit 1N, Chicago, IL 60615
For Sale
$599,999
Two-level condominium residence features separate living areas, updated mechanical systems, and deeded parking.
Property Size3,200 SF
Price / SF$187.50
Days on Market11
Property Features for 4716 S Ingleside Avenue Unit 1N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balcony
walk-in closets
jacuzzi soaking tub
in-unit washer and dryer
wet bar
ventless gas fireplace
central air conditioning
oak hardwood floors
surround sound
deeded storage
Building Details
Building Size
Year Built
Listing Agency:
@properties Christie's International Real Estate
Listed By:
Sharial Howard · License #MRD886742
(312) 254-0200
Source:
Harkinsandassociates
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 6 at 5:32PM
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 @properties Christie's International Real Estate
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Investment Insights
Based on property information with market context.
This two-level duplex-down condominium offers approximately 3,200 square feet, with 3 bedrooms and 3 bathrooms. The layout includes a primary suite with a private balcony and two walk-in closets, two additional bedrooms, and living and family rooms on separate levels. Two ventless gas fireplaces, a wet bar, an island kitchen, and a separate dining area provide distinct spaces for gathering. Oak hardwood floors, in-unit laundry, central air conditioning, and deeded storage are also included. The property was built in 1918.
The residence is in Chicago’s Kenwood neighborhood, near parks, restaurants, shopping, public transportation, and the lakefront. One exterior deeded parking space is included. The furnace was installed in 2023; the air-conditioning condenser and water heater were installed in 2022. The refrigerator, microwave, and dishwasher were also purchased in 2022.
The residence is in Chicago’s Kenwood neighborhood, near parks, restaurants, shopping, public transportation, and the lakefront. One exterior deeded parking space is included. The furnace was installed in 2023; the air-conditioning condenser and water heater were installed in 2022. The refrigerator, microwave, and dishwasher were also purchased in 2022.
Key Highlights
- Approximately 3,200 square feet across two levels, with 3 bedrooms and 3 bathrooms
- Primary suite includes a private balcony, two walk‑in closets, a soaking tub, and a separate shower
- Two living areas, each with a ventless gas fireplace; kitchen includes an island and separate dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,053
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,060
$981.1K
Cap Rate 7%
$700,757
$700.8K
Cap Rate 9%
$545,033
$545.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$94.1K $29.40/SF
− Vacancy
−$4.9K −$1.53/SF
EGI
$89.2K $27.87/SF
− OpEx
−$40.1K −$12.54/SF
NOI
$49.1K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,060
Cap Rate 7%
$700,757
Cap Rate 9%
$545,033
Alternative Uses
Best Use
Apartment 5plus
$700.8K
$613.2K – $817.6K
NOI $49,053 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,615 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,764
Businesses Nearby
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Business Placement
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium residence features separate living areas, updated mechanical systems, and deeded parking.
Where is this residential income property located?
The property is located at 4716 S Ingleside Avenue Unit 1N Chicago, IL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Approximately 3,200 square feet across two levels, with 3 bedrooms and 3 bathrooms; Primary suite includes a private balcony, two walk‑in closets, a soaking tub, and a separate shower; Two living areas, each with a ventless gas fireplace; kitchen includes an island and separate dining area
