Brick
For Sale
$589,999
906 N Lavergne Avenue, Chicago, IL 60651
Three residential units are arranged in the building, with a dedicated laundry room and rear parking pad.
Property Size2,350 SF
Price / SF$251.06
Days on Market9
Property Features for 906 N Lavergne Avenue
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Two to Four Units
Taxes and HOA fees
Annual Taxes
$5,275
Amenities
Finished,Full
4
5
2
312-933-3028
Public
25 x 130
No
Off Site
Building Details
Year Built
1914
Listing Agency:
Homecoin.com
(708) 787-2808
Listed By:
Nader Kawash
Source:
Kawashgroup
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:12PM
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 Homecoin.com
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Investment Insights
Based on property information with market context.
This 2,350-square-foot, all-brick triplex was built in 1914 and contains three residential units. A dedicated washer and dryer room serves the building, and a private parking pad is located at the rear. Appliance packages are included in the residential units.
CTA bus service is available 0.1 miles away on the #70 Division route and 0.3 miles away on the #72 North Ave route. The Cicero Green Line and Blue Line stations are 1.0 mile and 1.1 miles away, respectively, while the Grand/Cicero MD-W Metra station is within 1.5 miles. The property is also adjacent to neighborhood grocers, near La Follette Park, and accessible to I-290.
CTA bus service is available 0.1 miles away on the #70 Division route and 0.3 miles away on the #72 North Ave route. The Cicero Green Line and Blue Line stations are 1.0 mile and 1.1 miles away, respectively, while the Grand/Cicero MD-W Metra station is within 1.5 miles. The property is also adjacent to neighborhood grocers, near La Follette Park, and accessible to I-290.
Key Highlights
- Three‑unit residential building with 2,350 square feet
- All‑brick construction; built in 1914
- Dedicated washer and dryer room and private rear parking pad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,174
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,480
$783.5K
Cap Rate 7%
$559,629
$559.6K
Cap Rate 9%
$435,267
$435.3K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$59.2K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.0K $23.81/SF
− OpEx
−$16.8K −$7.14/SF
NOI
$39.2K $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%
$783,480
Cap Rate 7%
$559,629
Cap Rate 9%
$435,267
Alternative Uses
Best Use
Multifamily LT 5
$559.6K
$489.7K – $652.9K
NOI $39,174 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$514.6K
$450.3K – $600.4K
NOI $36,024 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$1.11M
$969.5K – $1.29M
NOI $77,561 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
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Business Placement
Demographics for 60651, IL
62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are arranged in the building, with a dedicated laundry room and rear parking pad.
Where is this triplex located?
The property is located at 906 N Lavergne Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $589,999.
What are key features of this property?
This property features: Three‑unit residential building with 2,350 square feet; All‑brick construction; built in 1914; Dedicated washer and dryer room and private rear parking pad
