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Two-Unit Duplex with Garage
New
For Sale
$349,900

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 Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Basement, Bathroom 3, Bedroom 3, Bathroom 1
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 Forced Air, Natural Gas

Amenities

enclosed rear porch
fenced yard
patio area

Building Details

Year built 1903
Building materials Aluminum Siding
Roof type Asphalt
Listing Agency: Keller Williams Preferred Rlty · Keller Williams Realty
Listed By: Nikia Evans · License #471018862
Added: Oct 6 Last Checked: Oct 7 at 2:06AM
MLS# 12778997

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.

Investment Insights

Based on property information with market context.

This two-unit residential property includes a main-floor residence that extends into a finished basement, plus a separate second unit. The first unit has a kitchen with granite counters, stainless steel appliances, and a breakfast bar; its third bedroom is currently arranged as a library. Cosmetic work is needed in the basement following past water damage near the baseboards, and the second unit also needs cosmetic updating. An enclosed rear porch, patio, fenced yard, and three-car garage provide additional building features. The property is zoned MULTI and was built in 1903.

The property is two blocks from Oak Park. It is located in Chicago, Illinois, and has public sewer service.

Key Highlights

  • Two‑unit residential property; the first unit includes a finished basement
  • Three‑car garage, enclosed rear porch, patio, and PVC‑fenced yard
  • Kitchen features granite countertops, stainless steel appliances, and a breakfast bar

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Garden Center Acupuncture

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

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
View Realmo Analytics

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 - The first residence spans the main floor and finished basement, while the second unit offers additional living space.
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 $349,900.
What are key features of this property?
This property features: Two‑unit residential property; the first unit includes a finished basement; Three‑car garage, enclosed rear porch, patio, and PVC‑fenced yard; Kitchen features granite countertops, stainless steel appliances, and a breakfast bar
More about this property
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