Brick
9015 S Muskegon Avenue, Chicago, IL 60617
For Sale
New
$349,000
The property contains two residential units and carries MULTI zoning.
Property Size1,900 SF
Days on Market4
Property Features for 9015 S Muskegon Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Su Familia Real Estate Inc
Listed By:
Valeria Flores · License IL #475173337
(312) 656-6301
Source:
Kalelrealty
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 6:13PM
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 Su Familia Real Estate Inc
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Investment Insights
Based on property information with market context.
This two-unit residential property is a brick duplex built in 1926. Its zoning designation is MULTI.
Key Highlights
- Two‑unit brick duplex
- Built in 1926
- MULTI zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,673
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,460
$633.5K
Cap Rate 7%
$452,471
$452.5K
Cap Rate 9%
$351,922
$351.9K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$47.9K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$45.2K $23.81/SF
− OpEx
−$13.6K −$7.14/SF
NOI
$31.7K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,460
Cap Rate 7%
$452,471
Cap Rate 9%
$351,922
Alternative Uses
Best Use
Multifamily LT 5
$452.5K
$395.9K – $527.9K
NOI $31,673 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$416.1K
$364.1K – $485.4K
NOI $29,125 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$895.8K
$783.9K – $1.05M
NOI $62,709 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
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Business Placement
Demographics for 60617, IL
77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value
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Market
Properties on Market for Duplexes in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains two residential units and carries MULTI zoning.
Where is this duplex located?
The property is located at 9015 S Muskegon Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit brick duplex; Built in 1926; MULTI zoning
