Duplex with Lower-Level Living
New
For Sale
$654,900
5856 N Mobile Avenue, Chicago, IL 60646
Residential Income, Chicago, IL
Property Size3,000 SF
Lot Size0.84 Acres
Price / SF$218.30
Days on Market2
Property Features for 5856 N Mobile Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 2, Basement, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 8
Parking
2
Parking features
Open, Garage
Window features
Screens
Fencing
Chain Link, Fenced
Basement
Exterior Entry, Full
Elementary school district
299
Middle school district
299
High school district
299
Directions
Nagle or Milwaukee Avenues to Rosedale, south to 5856
Subdivision
CHI - Norwood Park
Standard status
Active
APN
13053100220000
Lot size
0.84 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9772
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1920
Building materials
Vinyl Siding, Brick
Roof type
Asphalt
Listing Agency:
RE/MAX City · RE/MAX International
(773) 775-0600
Listed By:
Gregory Ignarski · License #475134591
(773) 914-0600
Added: Oct 16
Last Checked: Oct 17 at 12:06AM
MLS# 12787329
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.
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Investment Insights
Based on property information with market context.
This 1920-built, legal nonconforming two-flat offers approximately 3,000 square feet of living space, with additional related living space in the lower level. The property has eight bedrooms and three bathrooms, and its exterior combines brick and vinyl siding. The roof, gutters, and siding were replaced in 2023; the boiler was also overhauled and improved that year. Kitchen and back-bedroom flooring on the main level has been replaced.
Rosedale Park is one-half block away. Nearby highways and mass transit provide connections toward O’Hare International Airport and downtown Chicago. The property includes open parking and a garage, with public water and sewer service.
Rosedale Park is one-half block away. Nearby highways and mass transit provide connections toward O’Hare International Airport and downtown Chicago. The property includes open parking and a garage, with public water and sewer service.
Key Highlights
- Approximately 3,000 square feet of living space
- Legal nonconforming two‑flat with related living space in the lower level
- Eight bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,009
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,180
$1.0M
Cap Rate 7%
$714,414
$714.4K
Cap Rate 9%
$555,656
$555.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$75.6K $25.20/SF
− Vacancy
−$4.2K −$1.39/SF
EGI
$71.4K $23.81/SF
− OpEx
−$21.4K −$7.14/SF
NOI
$50.0K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,180
Cap Rate 7%
$714,414
Cap Rate 9%
$555,656
Alternative Uses
Best Use
Multifamily LT 5
$714.4K
$625.1K – $833.5K
NOI $50,009 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$657.0K
$574.8K – $766.5K
NOI $45,987 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,014 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
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Business Placement
Demographics for 60646, IL
28,383
Population
11,636
Households
2.4
Avg Household Size
44
Median Age
58%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
6,451
Density / Sq Mi
$111,115
Median Household Income
$66,105
Median Earnings
$1,241
Median Rent
$493,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-flat includes additional related living space on the lower level and public water and sewer service.
Where is this duplex located?
The property is located at 5856 N Mobile Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $654,900.
What are key features of this property?
This property features: Approximately 3,000 square feet of living space; Legal nonconforming two‑flat with related living space in the lower level; Eight bedrooms and three bathrooms
