Four-Unit Residential Income
6128 North Francisco Avenue Chicago, IL 60659
New
6128 North Francisco Avenue, Chicago, IL, 60659
$950,000
For Sale
$950,000
Three-flat building plus garden unit with hardwood floors, coin laundry, detached 3-car garage, and a fenced backyard.
Property Size4,944 SF
Price / SF$192.15
Days on Market6
Property Features for 6128 North Francisco Avenue
General Information
- Standard status
- Active
- Size
- 4,944 SF
- Property subtype
- Two to Four Units / 3 Flat
Building Details
- Year Built
- 1952
Listing Agency
Baird & Warner
(773) 491-5631
Listed by
Barbara O'Connor · License #471016838
(773) 491-5631
Source
Compass
Added: Jul 13 Checked: Jul 17 at 4:11 am
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.6k | $25.20 |
| − Vacancy | −$6.9k | −$1.39 |
| EGI | $117.7k | $23.81 |
| − OpEx | −$35.3k | −$7.14 |
| NOI | $82.4k | $16.67 |
4,944 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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
