Brick Two-Unit Residential
5442 North Ludlam Avenue Chicago, IL 60630
5442 North Ludlam Avenue, Chicago, IL, 60630
$649,900
For Sale
$649,900
Brick duplex with two 2-bedroom units plus a finished garden-level unit, shared laundry, rear outdoor space, and 2-car garage.
Property Size2,600 SF
Price / SF$249.96
Days on Market46
Property Features for 5442 North Ludlam Avenue
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Two to Four Units / 2 Flat
Building Details
- Year Built
- 1928
Listing agency
Coldwell Banker Real Estate LLC
(773) 677-1046
Listed by
Alam Chunawala · License #475167665
(773) 677-1046
Source
Compass
Added: Jun 7 Updated: Jul 21 at 9:23AM Checked: Jul 22 at 6:22AM
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 Coldwell Banker Real Estate LLC
Investment Insights
Based on property information with market context.
Solid brick 2-unit residential income property with multiple finished living areas. The two main units each offer 2 bedrooms and 1 bathroom with spacious layouts, hardwood floors, large windows, separate living/dining areas, and good natural light. Kitchens include functional cabinet space, full-size appliances, and room for everyday use. The finished garden-level unit adds 1 bedroom, 1 bathroom, a kitchen, and additional living space.
The building includes a shared laundry/mechanical area and a rear outdoor space, along with a 2-car garage. The property is positioned in a convenient Northwest Side Chicago location near shopping, dining, parks, public transportation, and major roadways.
The building includes a shared laundry/mechanical area and a rear outdoor space, along with a 2-car garage. The property is positioned in a convenient Northwest Side Chicago location near shopping, dining, parks, public transportation, and major roadways.
Key Highlights
- Solid brick 2‑unit building built in 1928 on the Northwest Side of Chicago
- Main units each feature 2 bedrooms, 1 bathroom, hardwood floors, and separate living/dining areas
- Finished garden‑level unit offers 1 bedroom, 1 bathroom, kitchen, and additional living space
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 | $65.5k | $25.20 |
| − Vacancy | −$3.6k | −$1.39 |
| EGI | $61.9k | $23.81 |
| − OpEx | −$18.6k | −$7.14 |
| NOI | $43.3k | $16.67 |
2,600 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$619.2K
$541.8K – $722.4K
NOI $43,341 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$569.4K
$498.2K – $664.3K
NOI $39,856 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,812 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick duplex with two 2-bedroom units plus a finished garden-level unit, shared laundry, rear outdoor space, and 2-car garage.
Where is this duplex located?
The property is located at 5442 North Ludlam Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Solid brick 2‑unit building built in 1928 on the Northwest Side of Chicago; Main units each feature 2 bedrooms, 1 bathroom, hardwood floors, and separate living/dining areas; Finished garden‑level unit offers 1 bedroom, 1 bathroom, kitchen, and additional living space
