Four-Unit Residential Income
For Sale
$950,000
Pending
6128 North Francisco Avenue, Chicago, IL 60659
Three-flat building plus garden unit with hardwood floors, coin laundry, detached 3-car garage, and a fenced backyard.
Property Size4,944 SF
Days on Market96
Property Features for 6128 North Francisco Avenue
General Information
Standard status
Pending
Size
4,944 SF
Total Parking Spaces
3
Property subtype
Two to Four Units / 3 Flat
Net Operating Income
$79,846
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,016
Building Details
Year Built
1952
Listing Agency:
Baird & Warner
Listed By:
Barbara O'Connor · License #471016838
(773) 491-5631
Source:
Compass
Added: Jul 13
Changed: Oct 4
Last Checked: Oct 15 at 1:08AM
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 Baird & Warner
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Investment Insights
Based on property information with market context.
This four-unit residential income property includes a three-flat building plus an additional garden unit. Units are described as having spacious layouts with large living areas, hardwood floors, and plenty of windows for natural light. Each unit features a formal living and dining arrangement, with three large bedrooms and two bathrooms per unit. Unit 1 was rehabbed a few years ago with new kitchen, baths, and in-unit washer/dryer, and the second-floor unit’s kitchen was remodeled. The garden unit (2 bed/2 bath) was redone about three years ago. Coin-operated laundry is provided in the basement. The property also includes a detached 3-car garage and a spacious, fenced-in backyard. A tear-off roof is approximately three years old.
The building is located near public transportation, with easy access to restaurants, parks, and schools. It is approximately ten minutes to Edens Expressway and approximately ten minutes to Lake Shore Drive.
Please note the broker does not represent the legality of the garden unit.
The building is located near public transportation, with easy access to restaurants, parks, and schools. It is approximately ten minutes to Edens Expressway and approximately ten minutes to Lake Shore Drive.
Please note the broker does not represent the legality of the garden unit.
Key Highlights
- 1952‑built three‑flat building plus garden unit, each with spacious living areas, hardwood floors, and large windows
- Garden unit has 2 bedrooms and 2 bathrooms, redone about 3 years ago
- Unit 1 rehabbed a few years ago with new kitchen, baths, and in‑unit washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,415
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,648,300
$1.6M
Cap Rate 7%
$1,177,357
$1.2M
Cap Rate 9%
$915,722
$915.7K
Market Conditions
NOI Build-Up for 4,944 SF
Gross rent
$124.6K $25.20/SF
− Vacancy
−$6.9K −$1.39/SF
EGI
$117.7K $23.81/SF
− OpEx
−$35.3K −$7.14/SF
NOI
$82.4K $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%
$1,648,300
Cap Rate 7%
$1,177,357
Cap Rate 9%
$915,722
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,415 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$1.08M
$947.3K – $1.26M
NOI $75,787 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,176 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
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Business Placement
Demographics for 60659, IL
40,579
Population
14,748
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
16,908
Density / Sq Mi
$70,033
Median Household Income
$40,493
Median Earnings
$1,391
Median Rent
$358,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three-flat building plus garden unit with hardwood floors, coin laundry, detached 3-car garage, and a fenced backyard.
Where is this quadplex located?
The property is located at 6128 North Francisco Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1952‑built three‑flat building plus garden unit, each with spacious living areas, hardwood floors, and large windows; Garden unit has 2 bedrooms and 2 bathrooms, redone about 3 years ago; Unit 1 rehabbed a few years ago with new kitchen, baths, and in‑unit washer/dryer
