Duplex with Finished
For Sale
$890,000
6145 W 54th Street, Chicago, IL 60638
The two-unit layout includes six bedrooms and three full bathrooms across the residence.
Property Size2,000 SF
Price / SF$445
Days on Market12
Property Features for 6145 W 54th Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Two to Four Units
Zoning
MULTI
Site & Location
Neighborhood
Garfield Ridge
Units
Unit Mix
3BR/1BA, 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,457
Amenities
Crawl Space
Soaking Tub
Kitchen
3
6
2
Lake Michigan,Public
66 x 57
No
Multiple Water Heaters,Water Heater-Gas
Garage Door Opener,Yes,Garage Owned,Detached,Garage
Other
Building Details
Year Built
2025
Listing Agency:
RE/MAX 10
(708) 787-2808
Listed By:
Henry Rafidia
Source:
Kawashgroup
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 2:44AM
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 RE/MAX 10
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Investment Insights
Based on property information with market context.
Built in 2025, this two-unit duplex offers 2,000 SF of property area and a finished attic. The first-floor residence has three bedrooms and one bathroom, while the second-floor residence has two bedrooms and one bathroom. The attic adds a bedroom and a full bathroom, bringing the total to six bedrooms and three bathrooms. A detached garage is also included.
The property is on W 54th Street in Chicago’s Garfield Ridge neighborhood and is zoned MULTI.
The property is on W 54th Street in Chicago’s Garfield Ridge neighborhood and is zoned MULTI.
Key Highlights
- Two‑unit duplex built in 2025
- 2,000 SF of property area
- Six bedrooms and three bathrooms across the two units and finished attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,340
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,800
$666.8K
Cap Rate 7%
$476,286
$476.3K
Cap Rate 9%
$370,444
$370.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$50.4K $25.20/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$47.6K $23.81/SF
− OpEx
−$14.3K −$7.14/SF
NOI
$33.3K $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%
$666,800
Cap Rate 7%
$476,286
Cap Rate 9%
$370,444
Alternative Uses
Best Use
Multifamily LT 5
$476.3K
$416.8K – $555.7K
NOI $33,340 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$438.0K
$383.2K – $511.0K
NOI $30,658 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$943.0K
$825.1K – $1.10M
NOI $66,010 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 60638, IL
56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout includes six bedrooms and three full bathrooms across the residence.
Where is this duplex located?
The property is located at 6145 W 54th Street Chicago, IL.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2025; 2,000 SF of property area; Six bedrooms and three bathrooms across the two units and finished attic
