Two-Level Residential Income
For Sale
$570,000
737 W Washington Boulevard Unit 1003, Chicago, IL 60661
A two-level home pairs an open entertaining area with a private balcony, in-unit laundry, and access to building amenities.
Property Size1,710 SF
Price / SF$333.33
Days on Market202
Property Features for 737 W Washington Boulevard Unit 1003
General Information
Standard status
Active
Size
1,710 SF
Property subtype
1/2 Duplex,High Rise (7+ Stories)
Site & Location
Neighborhood
West Town
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2.1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$11,745
Amenities
24/7 doorman
fitness center
rooftop with grills
Luxer package system
dog run
in-unit washer/dryer
storage locker
fireplace
balcony
Building Details
Building Size
1,710 SF
Year Built
2003
Listing Agency:
@properties Christie's International Real Estate
Listed By:
Joy Residential
(312) 607-8010
Source:
Joy-residential
Added: Apr 9
Changed: Oct 27
Last Checked: Oct 26 at 3:23PM
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 @properties Christie's International Real Estate
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Investment Insights
Based on property information with market context.
This 1,710-square-foot, two-bedroom, 2.1-bath duplex has an open living and dining area, a gas fireplace, and a kitchen with granite counters, a large island, and stainless steel appliances. Both bedrooms are upstairs. The primary suite includes two closets and an en-suite bath with a double vanity and whirlpool tub. An east-facing private balcony extends the living space, while in-unit laundry and a storage locker add practical convenience. New vinyl plank flooring was installed on the first floor in 2026; the kitchen cabinets and island were also painted that year.
Built in 2003, the building offers a 24/7 doorman, fitness center, dog run, package system, and a 36th-floor rooftop with grills. Whole Foods is connected to the building. Nearby transit options include the Madison bus and Ogilvie train station, with access to I-90-94. Deeded garage parking is available separately.
Built in 2003, the building offers a 24/7 doorman, fitness center, dog run, package system, and a 36th-floor rooftop with grills. Whole Foods is connected to the building. Nearby transit options include the Madison bus and Ogilvie train station, with access to I-90-94. Deeded garage parking is available separately.
Key Highlights
- 1,710‑square‑foot, two‑bedroom duplex with 2.1 baths
- East‑facing private balcony and city views
- In‑unit washer and dryer; separate storage locker
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,213
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,260
$524.3K
Cap Rate 7%
$374,471
$374.5K
Cap Rate 9%
$291,256
$291.3K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$50.3K $29.40/SF
− Vacancy
−$2.6K −$1.53/SF
EGI
$47.7K $27.87/SF
− OpEx
−$21.4K −$12.54/SF
NOI
$26.2K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,260
Cap Rate 7%
$374,471
Cap Rate 9%
$291,256
Alternative Uses
Best Use
Apartment 5plus
$374.5K
$327.7K – $436.9K
NOI $26,213 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$806.3K
$705.5K – $940.6K
NOI $56,438 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
17,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 60661, IL
11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-level home pairs an open entertaining area with a private balcony, in-unit laundry, and access to building amenities.
Where is this residential income property located?
The property is located at 737 W Washington Boulevard Unit 1003 Chicago, IL.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 1,710‑square‑foot, two‑bedroom duplex with 2.1 baths; East‑facing private balcony and city views; In‑unit washer and dryer; separate storage locker
