Gage Park Two-Unit
For Sale
$110,000
5806 S Talman Avenue, Chicago, IL 60629
Two-unit property in Gage Park with potential for cash flow.
Property SizeContact for details
Days on Market361
Property Features for 5806 S Talman Avenue
General Information
Standard status
Active
Property subtype
Multi-Family
Amenities
Natural Gas
Building Details
Year Built
1908
Listing Agency:
RE/MAX Premier
(708) 246-6300
Listed By:
Ryan Smith · License #475150650
Source:
Kw
Added: Aug 27, 2025
Changed: Aug 9
Last Checked: Jul 15 at 9:05PM
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 RE/MAX Premier
Investment Insights
Based on property information with market context.
Located in Gage Park, this two-unit property presents opportunities for various uses. The main level unit includes a kitchen, two bedrooms, and a living room. The second level unit is more spacious, featuring a larger living room, a formal dining room, three bedrooms, and one bath. The building requires updates but offers potential for generating passive cash flow as a multi-unit property. Alternatively, it could be converted into a single-family residence or used as an owner-occupied property with rental income from the other unit.
Key Highlights
- Two‑unit property in the desirable Gage Park neighborhood.
- Priced under $200K, a rare find for a multi‑unit in this area.
- Potential for passive cash flow through renting both units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Explore this area
Business Placement
Demographics for 60629, IL
114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property in Gage Park with potential for cash flow.
Where is this duplex located?
The property is located at 5806 S Talman Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Two‑unit property in the desirable Gage Park neighborhood.; Priced under $200K, a rare find for a multi‑unit in this area.; Potential for passive cash flow through renting both units.
