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Duplex with Finished Basement
New
For Sale
$335,000

5843 W Iowa Street, Chicago, IL 60651

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market2

Property Features for 5843 W Iowa Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3
Parking 3
Parking features Garage, Open
Window features Screens
Fencing Fenced
Basement Finished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions Austin N/S to Iowa, Iowa East to address
Subdivision CHI - Austin
Standard status Active
APN 16054250020000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4581

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air

Amenities

enclosed rear porch
PVC-fenced yard
patio area

Building Details

Year built 1903
Building materials Aluminum Siding
Roof type Asphalt
Buildings 1
Listing Agency: Keller Williams Preferred Rlty · Keller Williams Realty
Listed By: Nikia Evans · License #471018862
Added: Oct 30 Changed: Oct 31 Last Checked: Oct 31 at 7:06PM
MLS# 12797944

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This two-unit residential property has a first-floor unit that extends into a finished basement. Its kitchen features granite countertops, stainless steel appliances, and a breakfast bar; the bathroom has been updated. A room currently used as a library can serve as a bedroom or office. The second unit offers additional living space and needs cosmetic updating. The property also includes an enclosed rear porch, a fenced yard, a patio, and a three-car garage. Built in 1903, it is zoned MULTI.

The property is two blocks from Oak Park. It is located at 5843 W Iowa Street in Chicago and is being sold as-is. The finished lower level has a history of water damage near the baseboards and requires cosmetic repairs.

Key Highlights

  • Two‑unit property with Unit 1 extending into a finished basement
  • Detached three‑car garage, fenced yard, patio, and enclosed rear porch
  • Kitchen with granite countertops, stainless steel appliances, and breakfast bar

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,668
Businesses Nearby

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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 residential units include flexible living areas, a shared enclosed rear porch, and a detached three-car garage.
Where is this duplex located?
The property is located at 5843 W Iowa Street Chicago, IL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑unit property with Unit 1 extending into a finished basement; Detached three‑car garage, fenced yard, patio, and enclosed rear porch; Kitchen with granite countertops, stainless steel appliances, and breakfast bar
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