Brick Duplex with Detached
4984 N Major Avenue, Chicago, IL 60630
For Sale
$624,900
Pending
Each residence has a den, eat-in kitchen, and formal dining room, with laundry and an additional bathroom in the basement.
Property Size2,298 SF
Days on Market17
Property Features for 4984 N Major Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
finished basement
laundry area
private fenced yard
Finished,Exterior Entry,Full
Den
3
4
2
2 Flat
Lake Michigan,Public
(773) 442-0690
3720
No
CO Detectors,Ceiling Fan(s),Water Heater-Gas
Garage Door Opener,Yes,Garage Owned,Detached,Garage
Building Details
Year Built
Buildings
Construction
Listing Agency:
HomeSmart Connect LLC
(708) 787-2808
Listed By:
Nader Kawash
Source:
Kawashgroup
Added: Oct 21
Changed: Nov 5
Last Checked: Nov 6 at 8:23AM
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 HomeSmart Connect LLC
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Investment Insights
Based on property information with market context.
Built in 1926, this 2,298-square-foot brick duplex contains two residences, each with two bedrooms and one bathroom. Both units include a living room, formal dining room, eat-in kitchen, den, and hardwood floors. The finished basement adds a full bathroom and laundry area. Outside, the property has a fenced yard and a detached two-car garage. The sale is as-is.
At 4984 N Major Avenue in Chicago, the property offers access to bus service, CTA and Metra trains, and I-90/94. Restaurants, shops, parks, and other neighborhood amenities are in Jefferson Park. Updates include the roof and gutters, each two years old, as well as a two-year-old water heater. Other improvements include electric panels, second-floor vinyl windows, tuck-pointing, and a garage door and opener.
At 4984 N Major Avenue in Chicago, the property offers access to bus service, CTA and Metra trains, and I-90/94. Restaurants, shops, parks, and other neighborhood amenities are in Jefferson Park. Updates include the roof and gutters, each two years old, as well as a two-year-old water heater. Other improvements include electric panels, second-floor vinyl windows, tuck-pointing, and a garage door and opener.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,298 square feet; built in 1926
- Finished basement with a full bathroom and laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,307
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,140
$766.1K
Cap Rate 7%
$547,243
$547.2K
Cap Rate 9%
$425,633
$425.6K
Market Conditions
NOI Build-Up for 2,298 SF
Gross rent
$57.9K $25.20/SF
− Vacancy
−$3.2K −$1.39/SF
EGI
$54.7K $23.81/SF
− OpEx
−$16.4K −$7.14/SF
NOI
$38.3K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,140
Cap Rate 7%
$547,243
Cap Rate 9%
$425,633
Alternative Uses
Best Use
Multifamily LT 5
$547.2K
$478.8K – $638.5K
NOI $38,307 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$503.2K
$440.3K – $587.1K
NOI $35,226 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.08M
$948.1K – $1.26M
NOI $75,845 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
Explore this area
Business Placement
Demographics for 60630, IL
54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
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 - Each residence has a den, eat-in kitchen, and formal dining room, with laundry and an additional bathroom in the basement.
Where is this duplex located?
The property is located at 4984 N Major Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,298 square feet; built in 1926; Finished basement with a full bathroom and laundry area
