Residential Income Property with Rooftop
611 N Noble Street Unit 3, Chicago, IL 60642
For Sale
$975,000
The three-bedroom residence includes five outdoor areas and a secured, open-air garage parking space.
Property Size2,000 SF
Price / SF$487.50
Days on Market54
Property Features for 611 N Noble Street Unit 3
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private rooftop deck
balcony
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams ONEChicago
(312) 216-2422
Listed By:
Ryan Templeton
(312) 675-9379
Source:
Purveyproperties
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 7 at 3:39PM
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 Keller Williams ONEChicago
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Investment Insights
Based on property information with market context.
Built in 2002, this 2,000-square-foot, three-bedroom duplex penthouse spans two levels. Its five outdoor areas include a private rooftop deck, a balcony off the open kitchen, dining and living space, and additional balconies connected to the primary suite and second living area. The upper-level primary suite has an east-facing balcony, a soaking tub and a separate walk-in shower. Refreshed hardwood flooring, custom closet shelving, a finished third bedroom and substantial storage round out the interior. One secured, open-air garage parking space is included.
The property is on N Noble Street in Chicago’s West Town area, near Eckhart Park and restaurants, shops and nightlife in West Town and Noble Square.
The property is on N Noble Street in Chicago’s West Town area, near Eckhart Park and restaurants, shops and nightlife in West Town and Noble Square.
Key Highlights
- 2,000‑square‑foot, three‑bedroom duplex penthouse built in 2002
- Five outdoor areas, including a private rooftop deck
- East‑facing primary suite balcony and west‑facing balcony off the second living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,658
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,160
$613.2K
Cap Rate 7%
$437,971
$438.0K
Cap Rate 9%
$340,644
$340.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$58.8K $29.40/SF
− Vacancy
−$3.1K −$1.53/SF
EGI
$55.7K $27.87/SF
− OpEx
−$25.1K −$12.54/SF
NOI
$30.7K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,160
Cap Rate 7%
$437,971
Cap Rate 9%
$340,644
Alternative Uses
Best Use
Apartment 5plus
$438.0K
$383.2K – $511.0K
NOI $30,658 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$943.0K
$825.1K – $1.10M
NOI $66,010 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,702
Businesses Nearby
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Business Placement
Demographics for 60642, IL
21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value
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Market
Properties on Market for Residential income properties in Chicago
Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom residence includes five outdoor areas and a secured, open-air garage parking space.
Where is this residential income property located?
The property is located at 611 N Noble Street Unit 3 Chicago, IL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,000‑square‑foot, three‑bedroom duplex penthouse built in 2002; Five outdoor areas, including a private rooftop deck; East‑facing primary suite balcony and west‑facing balcony off the second living area
