Two-Unit Duplex with Full
For Sale
$529,900
Pending
6033 N Harlem Avenue, Chicago, IL 60631
Each residence has formal dining, an eat-in kitchen, and year-round rooms created from the original rear porches.
Property Size2,600 SF
Days on Market17
Property Features for 6033 N Harlem Avenue
General Information
Standard status
Pending
Size
2,600 SF
Property subtype
Two to Four Units
Zoning
MULTI
Site & Location
Neighborhood
North Side
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,787
Amenities
Partially Finished,Full
3
6
2
Traditional
Lake Michigan
5
45 x 125
No
Unassigned,Off Alley,Side Apron,Yes,Owned
Building Details
Buildings
1
Listing Agency:
(708) 787-2808
Listed By:
Anthony Lezza
Source:
Kawashgroup
Added: Oct 21
Changed: Nov 4
Last Checked: Nov 6 at 8:40AM
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 Anthony Lezza
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Investment Insights
Based on property information with market context.
This two-unit duplex offers approximately 2,600 square feet, with a large living room, formal dining room, and eat-in kitchen in each residence. Each unit has three potential bedrooms. Former rear porches were converted into additional year-round rooms, and new full two-story porches have since been added. The basement is mostly unfinished, has two entrances, and includes plumbing for a bathroom.
The property occupies a 45 x 125 lot on N Harlem Avenue. A side drive runs from Harlem Avenue through to the alley, with additional parking noted off the alley and at the side apron. The roof was replaced in 2021, and the zoning designation is MULTI.
The property occupies a 45 x 125 lot on N Harlem Avenue. A side drive runs from Harlem Avenue through to the alley, with additional parking noted off the alley and at the side apron. The roof was replaced in 2021, and the zoning designation is MULTI.
Key Highlights
- Two‑unit property with 2,600 square feet
- Each unit has a large living room, formal dining room, eat‑in kitchen, and three potential bedrooms
- Converted rear porches provide year‑round rooms; new full two‑story porches added
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,341
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,820
$866.8K
Cap Rate 7%
$619,157
$619.2K
Cap Rate 9%
$481,567
$481.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$65.5K $25.20/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$61.9K $23.81/SF
− OpEx
−$18.6K −$7.14/SF
NOI
$43.3K $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%
$866,820
Cap Rate 7%
$619,157
Cap Rate 9%
$481,567
Alternative Uses
Best Use
Multifamily LT 5
$619.2K
$541.8K – $722.4K
NOI $43,341 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$569.4K
$498.2K – $664.3K
NOI $39,856 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,812 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,913
Businesses Nearby
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Business Placement
Demographics for 60631, IL
29,691
Population
12,757
Households
2.3
Avg Household Size
43
Median Age
50%
College-Educated
96%
High-School Grad
3.7 sq mi
ZIP Area
8,025
Density / Sq Mi
$117,688
Median Household Income
$70,295
Median Earnings
$1,604
Median Rent
$431,400
Median Home Value
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Market
Properties on Market for Duplexes in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has formal dining, an eat-in kitchen, and year-round rooms created from the original rear porches.
Where is this duplex located?
The property is located at 6033 N Harlem Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Two‑unit property with 2,600 square feet; Each unit has a large living room, formal dining room, eat‑in kitchen, and three potential bedrooms; Converted rear porches provide year‑round rooms; new full two‑story porches added
