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Rehabbed 2-Flat Investment Property
For Sale
$747,000

7234 N Hamilton Avenue, Chicago, IL 60645

MULTI_FAMILY - Chicago, IL

Days on Market17

Property Features for 7234 N Hamilton Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 7, Laundry Room, Bedroom 1, Bedroom 8, Bathroom 1, Bathroom 3, Basement, Bedroom 2, Bedroom 5, Bedroom 6, Utility Room, Bedroom 4, Bathroom 2
Parking 3
Parking features Owned, Off Alley, Assigned
Patio and Porch features Deck
Exterior features Balcony
Basement Finished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions TOUHY EAST OF WESTERN OR WEST OF RIDGE BLVD, TO HAMILTON NORTH TO BLDG
Subdivision CHI - West Ridge
Standard status Active
APN 11303210170000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 12055

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas

Amenities

washer/dryer
private deck

Building Details

Year built 1914
Building materials Vinyl Siding, Brick, Stone
Roof type Asphalt
Listing Agency: Keller Williams Infinity · Keller Williams Realty
Listed By: Amy Kite · License #475132989
Added: Jul 16 Changed: Jul 29 Last Checked: Aug 1 at 1:06PM
MLS# 12707424

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This turnkey investment property is a fully rehabbed legal 2-flat with a finished lower level. The layout includes updated units with bright white kitchens, quartz countertops, stainless-steel appliances, and updated cabinetry. Residents have personal washers and dryers in the lower level, and off-street parking is provided on a concrete pad with one dedicated space per unit. The top-floor unit is duplexed up to an expanded living and recreation area and includes a private front deck.

The lower level offers front and rear entrances and includes two bedrooms along with a stylish updated bath.

Overall, the building presents a modern, low-maintenance configuration designed for hands-off ownership, with an income-generating residential structure including duplexed top-floor space and additional finished lower-level living areas.

Key Highlights

  • Fully rehabbed legal 2‑flat with finished lower level
  • Monthly income of $6,500 and currently rented
  • Private front deck and balcony; lower level has front and rear entrances

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic Acupuncture HVAC Service Big Box & Wholesale Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,047
Businesses Nearby

Demographics for 60645, IL

48,356
Population
18,143
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
86%
High-School Grad
2.2 sq mi
ZIP Area
21,980
Density / Sq Mi
$77,126
Median Household Income
$40,666
Median Earnings
$1,424
Median Rent
$308,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Fully rehabbed legal 2-flat with a finished lower level, two bedrooms, and off-street parking.
Where is this duplex located?
The property is located at 7234 N Hamilton Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $747,000.
What are key features of this property?
This property features: Fully rehabbed legal 2‑flat with finished lower level; Monthly income of $6,500 and currently rented; Private front deck and balcony; lower level has front and rear entrances
More about this property
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