Chicago Two-Unit Building For
For Sale
$449,999
7254 South Lafayette Avenue, Chicago, IL 60621
Two-unit building with potential for a third unit in basement.
Property SizeContact for details
Days on Market304
Property Features for 7254 South Lafayette Avenue
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Two to Four Units / 2 Flat
Taxes and HOA fees
Annual Taxes
$4,420
Building Details
Year Built
1907
Listing Agency:
Pearson Realty Group
(773) 905-8000
Listed By:
Eduardo Padro · License #475141511
(773) 905-8000
Source:
Compass
Added: Oct 26, 2025
Changed: Aug 23
Last Checked: Aug 24 at 12:17PM
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 Pearson Realty Group
Investment Insights
Based on property information with market context.
This brick two-unit building is located in the Greater Grand Crossing Community of Chicago. The first-floor unit features two bedrooms, one bathroom, a living room, a dining room, and an open-concept kitchen, with potential for duplexing into the basement. The second-floor unit includes three bedrooms, one bathroom, a living room, a dining room, and an open-concept kitchen. The basement offers potential for a third unit with separate front and rear entrances and adequate height. The property is in close proximity to a CTA Train Station and directly across from The Dan Ryan Expressway (I-94/90). Large retail shopping center malls are located between 83rd and 87th Street.
Key Highlights
- Two units with large apartments, offering immediate rental income potential.
- Potential for a third unit in the basement with separate entrances.
- Convenient location directly across from the Dan Ryan Expressway (I‑94/90).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
Explore this area
Business Placement
Demographics for 60621, IL
29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit building with potential for a third unit in basement.
Where is this duplex located?
The property is located at 7254 South Lafayette Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Two units with large apartments, offering immediate rental income potential.; Potential for a third unit in the basement with separate entrances.; Convenient location directly across from the Dan Ryan Expressway (I‑94/90).
