New Construction 2-Unit
544 N Lawndale Avenue Chicago Chicago, IL 60624
544 N Lawndale Avenue Chicago, Chicago, IL, 60624
$679,000
For Sale
$679,000
New construction 2-unit duplex with in-unit laundry, luxury vinyl flooring, and garage parking, with the lower unit currently rented.
Property Size3,600 SF
Price / SF$188.61
Days on Market23
Property Features for 544 N Lawndale Avenue Chicago
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Two to Four Units
Building Details
- Year Built
- 2026
Listing agency
(847) 558-6808
Listed by
Brenda Valdez
(847) 558-6808
Source
Remaxadream
Added: Jun 30 Updated: Jul 20 at 5:43PM Checked: Jul 21 at 3:16AM
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 Brenda Valdez
Investment Insights
Based on property information with market context.
New construction 2-unit duplex offering a ground-floor 2-bedroom, 2-bath apartment and a duplex-up layout above that lives like a single-family home. The main level features an open-concept layout with a designer kitchen, quartz countertops, and stainless steel appliances, along with a half bathroom for everyday convenience. Upstairs includes a luxury primary suite with two walk-in closets and a spa-inspired bath with a soaking tub and a separate glass shower, plus two additional bedrooms and another full bathroom.
Both units are finished with luxury vinyl flooring and include in-unit laundry and garage parking. The ground-floor unit is currently rented, providing rental income toward ownership.
Construction and interior features include enhanced foam insulation and updated finishes throughout, designed to support comfortable day-to-day living in a two-unit property.
Both units are finished with luxury vinyl flooring and include in-unit laundry and garage parking. The ground-floor unit is currently rented, providing rental income toward ownership.
Construction and interior features include enhanced foam insulation and updated finishes throughout, designed to support comfortable day-to-day living in a two-unit property.
Key Highlights
- New construction 2‑unit duplex built in 2026 with 5 bedrooms and 5 total baths (4 full, 1 half).
- Lower unit is a 2‑bed/2‑bath currently rented for $1,900 per month.
- Both units include in‑unit laundry and luxury vinyl flooring, plus garage parking.
Local Financial Insights For Multifamily LT 5
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 | $90.7k | $25.20 |
| − Vacancy | −$5.0k | −$1.39 |
| EGI | $85.7k | $23.81 |
| − OpEx | −$25.7k | −$7.14 |
| NOI | $60.0k | $16.67 |
3,600 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$857.3K
$750.1K – $1.00M
NOI $60,011 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$788.4K
$689.8K – $919.8K
NOI $55,185 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,817 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - New construction 2-unit duplex with in-unit laundry, luxury vinyl flooring, and garage parking, with the lower unit currently rented.
Where is this duplex located?
The property is located at 544 N Lawndale Avenue Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: New construction 2‑unit duplex built in 2026 with 5 bedrooms and 5 total baths (4 full, 1 half).; Lower unit is a 2‑bed/2‑bath currently rented for $1,900 per month.; Both units include in‑unit laundry and luxury vinyl flooring, plus garage parking.
