Well-Maintained Brick
6136 North Talman Avenue Chicago, IL 60659
6136 North Talman Avenue, Chicago, IL, 60659
$615,000
Pending
For Sale
$615,000
Pending
Brick duplex with two 2+ bedroom units, private rear balconies, and recent kitchen and bath updates.
Property Size2,622 SF
Days on Market34
Property Features for 6136 North Talman Avenue
General Information
- Standard status
- Pending
- Size
- 2,622 SF
- Property subtype
- Two to Four Units / 2 Flat
Building Details
- Year Built
- 1956
Listing agency
Century 21 Circle
(773) 805-5663
Listed by
Richard Batista · License #471011244
(773) 805-5663
Source
Compass
Added: Jun 19 Updated: Jul 21 at 6:44AM Checked: Jul 22 at 10:25AM
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 Century 21 Circle
Investment Insights
Based on property information with market context.
Very well maintained brick two-flat featuring two separate apartments on a wide lot. Each unit offers 2+ bedrooms and includes newer kitchen and bath improvements, along with a tandem room that could be used as an additional sleeping area. Both floors are currently rented, and each unit has a private rear balcony off the main bedroom. The basement includes tenant-supplied laundry facilities, while tenants handle utilities except for water/sewer/scavenger and common area electric.
The property is located in Chicago’s West Ridge community, between Peterson and Devon Avenues. Public transportation options include Metra and CTA buses and the Red Line, with nearby expressway entrances at 94 and LSD. Nearby retail and dining include Peterson Target, and outdoor options include nearby bike/river trails and West Ridge Nature Park.
Recent improvements include new gutters, new fencing, tuck pointing, sidewalk cement repairs, and updated balconies (2018), as well as new kitchens and baths in both units (2021). The property is being sold as-is, and buyers should verify all details listed on the MLS.
The property is located in Chicago’s West Ridge community, between Peterson and Devon Avenues. Public transportation options include Metra and CTA buses and the Red Line, with nearby expressway entrances at 94 and LSD. Nearby retail and dining include Peterson Target, and outdoor options include nearby bike/river trails and West Ridge Nature Park.
Recent improvements include new gutters, new fencing, tuck pointing, sidewalk cement repairs, and updated balconies (2018), as well as new kitchens and baths in both units (2021). The property is being sold as-is, and buyers should verify all details listed on the MLS.
Key Highlights
- Brick 2‑flat built in 1956 with two 2+ bedroom units on a wide lot
- Both units have newer kitchen and bath updates (2021) and offer a tandem room usable as a third bedroom
- Each unit has a private rear balcony off the main bedroom
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 | $66.1k | $25.20 |
| − Vacancy | −$3.6k | −$1.39 |
| EGI | $62.4k | $23.81 |
| − OpEx | −$18.7k | −$7.14 |
| NOI | $43.7k | $16.67 |
2,622 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$624.4K
$546.4K – $728.5K
NOI $43,708 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$574.2K
$502.4K – $669.9K
NOI $40,193 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,539 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick duplex with two 2+ bedroom units, private rear balconies, and recent kitchen and bath updates.
Where is this duplex located?
The property is located at 6136 North Talman Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Brick 2‑flat built in 1956 with two 2+ bedroom units on a wide lot; Both units have newer kitchen and bath updates (2021) and offer a tandem room usable as a third bedroom; Each unit has a private rear balcony off the main bedroom
