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Two-Unit Duplex with Separate Utilities
For Sale
$295,900

562-564 3rd Street, Crete, IL 60417

Two residences offer two bedrooms and one bathroom each, with off-street parking and convenient access to local amenities.

Property SizeContact for details
Days on Market17

Property Features for 562-564 3rd Street

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Residential Income

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,321

Building Details

Year Built 1969
Listing Agency: Real People Realty
Listed By: Catherine Mitchell
Source: Perillorealestategroup
Added: Aug 13 Changed: Aug 28 Last Checked: Aug 29 at 10:19AM

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 Real People Realty

Investment Insights

Based on property information with market context.

Built in 1969, this duplex contains two separate residential units, each arranged with two bedrooms and one bathroom. Separate utility services support independent operation of the residences, while off-street parking adds practical convenience for occupants.

The property is located in Crete, near schools, parks, shopping, and commuter routes. Its two-unit configuration supports distinct residential occupancy within one building and provides flexibility for rental use, owner occupancy, or extended-family living.

Key Highlights

  • Two‑unit duplex with two 2‑bedroom, 1‑bath residences
  • Separate utilities for each residential unit
  • Off‑street parking included

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Big Box & Wholesale Store Auto Repair Shop Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

339
Businesses Nearby

Demographics for 60417, IL

15,342
Population
6,356
Households
2.4
Avg Household Size
48
Median Age
31%
College-Educated
94%
High-School Grad
37.1 sq mi
ZIP Area
414
Density / Sq Mi
$93,346
Median Household Income
$46,211
Median Earnings
$1,362
Median Rent
$225,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residences offer two bedrooms and one bathroom each, with off-street parking and convenient access to local amenities.
Where is this duplex located?
The property is located at 562-564 3rd Street Crete, IL.
What is the asking price?
The asking price for this property is $295,900.
What are key features of this property?
This property features: Two‑unit duplex with two 2‑bedroom, 1‑bath residences; Separate utilities for each residential unit; Off‑street parking included
More about this property
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