Duplex-Down Residential Income
841 W Buckingham Place Unit 1, Chicago, IL 60657
For Sale
$825,000
The lower-level primary bedroom connects directly to a patio, while the family room opens onto a separate deck.
Property Size2,200 SF
Price / SF$375
Days on Market70
Property Features for 841 W Buckingham Place Unit 1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Baird & Warner
(847) 491-1855
Listed By:
Nicholas Powers · License #475122366
(312) 286-8723
Source:
Purveyproperties
Added: Aug 31
Changed: Nov 5
Last Checked: Nov 7 at 9:39AM
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 Baird & Warner
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex-down residential unit, built in 2000, places its living room, dining room, kitchen, family room, and half bath on the main level. A fireplace serves the living room, and another is in the family room, which also has deck access. The lower level contains three bedrooms and two full bathrooms, along with additional storage and closet space. The primary bedroom has direct access to a patio area, and the unit includes access to garage space.
The property is on a tree-lined street in Chicago’s Lakeview area. Restaurants, shopping, public transportation, and the lakefront are nearby.
The property is on a tree-lined street in Chicago’s Lakeview area. Restaurants, shopping, public transportation, and the lakefront are nearby.
Key Highlights
- Duplex‑down layout with three lower‑level bedrooms and two full bathrooms
- Two fireplaces: one in the living room and one in the family room
- Deck off the main‑level family room; primary bedroom opens to a patio area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,724
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,480
$674.5K
Cap Rate 7%
$481,771
$481.8K
Cap Rate 9%
$374,711
$374.7K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$64.7K $29.40/SF
− Vacancy
−$3.4K −$1.53/SF
EGI
$61.3K $27.87/SF
− OpEx
−$27.6K −$12.54/SF
NOI
$33.7K $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%
$674,480
Cap Rate 7%
$481,771
Cap Rate 9%
$374,711
Alternative Uses
Best Use
Apartment 5plus
$481.8K
$421.6K – $562.1K
NOI $33,724 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$907.6K – $1.21M
NOI $72,611 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,422
Businesses Nearby
Explore this area
Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Residential income properties in Chicago
Frequently Asked Questions
What type of property is this?
Residential income property - The lower-level primary bedroom connects directly to a patio, while the family room opens onto a separate deck.
Where is this residential income property located?
The property is located at 841 W Buckingham Place Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Duplex‑down layout with three lower‑level bedrooms and two full bathrooms; Two fireplaces: one in the living room and one in the family room; Deck off the main‑level family room; primary bedroom opens to a patio area
