Multifamily Residential Income
542 N LAWNDALE AVE Chicago, IL 60624
For Sale
Contact for pricing
For sale multifamily residential income property listed as 3,900 sq. ft.
Property Size3,900 SF
Price / SF$197.18
Days on Market88
Property Features for 542 N LAWNDALE AVE
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- Multifamily
Listing Agency:
Fulton Grace
(773) 698-6648
Listed By:
Lawrence Dunning · License #IL 475164126
Source:
Crexi
Added: Apr 27
Changed: Jul 21
Last Checked: Jul 21 at 2:36AM
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 Fulton Grace
Investment Insights
Based on property information with market context.
This listing is for a multifamily residential income property. The property is offered for sale with a total building size of 3,900 sq. ft., and it is presented in the listing materials simply as “Multifamily.”
The address is 542 N Lawndale Ave, Chicago, IL 60624. Interested parties should review the offering details for any additional unit mix or income information not included in the provided remarks.
The address is 542 N Lawndale Ave, Chicago, IL 60624. Interested parties should review the offering details for any additional unit mix or income information not included in the provided remarks.
Key Highlights
- Multifamily residential income property for sale
- Listed size: 3,900 sq. ft.
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 | $114.7k | $29.40 |
| − Vacancy | −$6.0k | −$1.53 |
| EGI | $108.7k | $27.87 |
| − OpEx | −$48.9k | −$12.54 |
| NOI | $59.8k | $15.33 |
3,900 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$854.1K
$747.3K – $996.4K
NOI $59,784 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,719 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - For sale multifamily residential income property listed as 3,900 sq. ft.
Where is this multifamily property located?
The property is located at 542 N LAWNDALE AVE Chicago, IL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Multifamily residential income property for sale; Listed size: 3,900 sq. ft.
