3-Bedroom Residential Income
847 W Roscoe Street Unit 1, Chicago, IL 60657
For Sale
$679,000
A duplex residence combines historic woodwork and bay windows with an updated kitchen and a finished lower level.
Property Size1,980 SF
Price / SF$342.93
Days on Market55
Property Features for 847 W Roscoe Street Unit 1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
HOA Fee
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Real Broker LLC
(773) 991-1529
Listed By:
Alexander Grange
(217) 960-8605
Source:
Joy-residential
Added: Sep 15
Changed: Nov 8
Last Checked: Nov 7 at 2:25PM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This 1,980-square-foot duplex residence occupies part of a three-unit building dating to 1892. Its main level has hardwood floors, bay windows, original woodwork, a decorative fireplace, and a formal dining room with a built-in china cabinet. The renovated kitchen features quartz counters, shaker cabinetry, stainless steel appliances, and an island. Two bedrooms, a full bathroom, and a laundry room are also on this level. Below, a family room, office nook, and third bedroom with an en-suite bath and separate exterior access add to the layout. A deck overlooks the shared yard, and one off-street parking space is included.
The property is on W Roscoe Street in Chicago’s East Lakeview neighborhood. Restaurants, shops, public transportation, and the lakefront are nearby; the Belmont L station is also within walking distance.
The property is on W Roscoe Street in Chicago’s East Lakeview neighborhood. Restaurants, shops, public transportation, and the lakefront are nearby; the Belmont L station is also within walking distance.
Key Highlights
- 1,980‑square‑foot duplex residence in a three‑unit building
- Three bedrooms and two bathrooms, including a lower‑level bedroom with en‑suite bath
- Updated kitchen with quartz countertops, stainless steel appliances, and center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,352
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,040
$607.0K
Cap Rate 7%
$433,600
$433.6K
Cap Rate 9%
$337,244
$337.2K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$58.2K $29.40/SF
− Vacancy
−$3.0K −$1.53/SF
EGI
$55.2K $27.87/SF
− OpEx
−$24.8K −$12.54/SF
NOI
$30.4K $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%
$607,040
Cap Rate 7%
$433,600
Cap Rate 9%
$337,244
Alternative Uses
Best Use
Apartment 5plus
$433.6K
$379.4K – $505.9K
NOI $30,352 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$933.6K
$816.9K – $1.09M
NOI $65,350 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,518
Businesses Nearby
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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
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - A duplex residence combines historic woodwork and bay windows with an updated kitchen and a finished lower level.
Where is this residential income property located?
The property is located at 847 W Roscoe Street Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 1,980‑square‑foot duplex residence in a three‑unit building; Three bedrooms and two bathrooms, including a lower‑level bedroom with en‑suite bath; Updated kitchen with quartz countertops, stainless steel appliances, and center island
