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Duplex with Finished Basement Suite

5426 N Lovejoy Avenue, Chicago, IL 60630

For Sale
$670,000
Pending

Two full-floor apartments are complemented by a finished, nonconforming basement unit with one bedroom and one bathroom.

Property SizeContact for details
Days on Market40

Property Features for 5426 N Lovejoy Avenue

General Information

Standard status Pending
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Gladstone
Highway Access Yes

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $7,187

Amenities

front porch
wood-burning fireplace
shared basement laundry
sump pump/flood control system

Building Details

Year Built 1920
Tenancy Multi
Listing Agency: Compass
Listed By: Mehdi Mova
Source: Themovagroup
Added: Oct 1 Changed: Nov 8 Last Checked: Nov 8 at 6:29PM

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

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Investment Insights

Based on property information with market context.

Built in 1920, this duplex has two apartments, each with two bedrooms and one bathroom. The first-floor layout also includes a bonus room and a wood-burning fireplace. A finished basement contains a nonconforming one-bedroom, one-bathroom suite. Hardwood floors on both residential floors have been refinished, and the kitchens have updated recessed lighting; the second-floor dining area has updated lighting as well. Electrical service and copper plumbing extend through all three units. Shared basement laundry and a sump pump with flood control serve the property.

The property is in a tree-lined section of the neighborhood, with the Blue Line, Metra and I-90/94 described as minutes away. The first-floor apartment is owner-occupied, while the second-floor apartment is rented.

Key Highlights

  • Two apartments, each with 2 bedrooms and 1 bathroom
  • Finished basement has a nonconforming 1‑bedroom, 1‑bathroom suite
  • Built in 1920; electrical and copper plumbing updated throughout all three units

Property Analytics

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Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,198
Businesses Nearby

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

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two full-floor apartments are complemented by a finished, nonconforming basement unit with one bedroom and one bathroom.
Where is this duplex located?
The property is located at 5426 N Lovejoy Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Finished basement has a nonconforming 1‑bedroom, 1‑bathroom suite; Built in 1920; electrical and copper plumbing updated throughout all three units
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