Updated Greystone
For Sale
$384,999
Pending
6018 S Sangamon St, Chicago, IL 60621
Two-unit residential property with distinct bedroom layouts, refreshed systems, and separate utility panels.
Property Size1,300 SF
Days on Market89
Property Features for 6018 S Sangamon St
General Information
Standard status
Pending
Size
1,300 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
shared laundry area
yard
Building Details
Year Built
1910
Buildings
1
Construction
greystone
Listing Agency:
Realty Of America, LLC
Listed By:
Bobby Grilli
(708) 337-2385
Source:
Grillimurphyrealestate
Added: Jul 19
Changed: Oct 13
Last Checked: Oct 14 at 11:04PM
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 Realty Of America, LLC
Investment Insights
Based on property information with market context.
This 1910 greystone duplex contains two residential units with distinct layouts. The first includes 2 bedrooms and 1 bathroom, while the second offers 3 bedrooms and 1 bathroom. Both residences feature updated mechanical systems, new appliances, LVP flooring, and contemporary kitchen finishes including quartz countertops, custom cabinetry, and stainless steel appliances.
The unfinished basement provides shared laundry space and separate utility panels for each unit. A maintained, low-maintenance yard completes the exterior. Located at 6018 S Sangamon St in Chicago, IL 60621, the property presents a two-unit configuration suited to either an owner-occupant arrangement or rental ownership, as supported by the existing unit mix.
The unfinished basement provides shared laundry space and separate utility panels for each unit. A maintained, low-maintenance yard completes the exterior. Located at 6018 S Sangamon St in Chicago, IL 60621, the property presents a two-unit configuration suited to either an owner-occupant arrangement or rental ownership, as supported by the existing unit mix.
Key Highlights
- Two‑unit greystone property built in 1910
- Unit 1 includes 2 bedrooms and 1 bathroom
- Unit 2 includes 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,671
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,420
$433.4K
Cap Rate 7%
$309,586
$309.6K
Cap Rate 9%
$240,789
$240.8K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$32.8K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.0K $23.81/SF
− OpEx
−$9.3K −$7.14/SF
NOI
$21.7K $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%
$433,420
Cap Rate 7%
$309,586
Cap Rate 9%
$240,789
Alternative Uses
Best Use
Multifamily LT 5
$309.6K
$270.9K – $361.2K
NOI $21,671 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$284.7K
$249.1K – $332.1K
NOI $19,928 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$612.9K
$536.3K – $715.1K
NOI $42,906 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
Demographics for 60621, IL
29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with distinct bedroom layouts, refreshed systems, and separate utility panels.
Where is this duplex located?
The property is located at 6018 S Sangamon St Chicago, IL.
What is the asking price?
The asking price for this property is $384,999.
What are key features of this property?
This property features: Two‑unit greystone property built in 1910; Unit 1 includes 2 bedrooms and 1 bathroom; Unit 2 includes 3 bedrooms and 1 bathroom
