Seven-Unit Brick Apartment
New
For Sale
$1,175,000
942 W 34th Street, Chicago, IL 60608
A separate duplex coach house adds three bedrooms, two bathrooms, and in-unit laundry to the apartment property.
Property Size6,550 SF
Price / SF$179.39
Days on Market4
Property Features for 942 W 34th Street
General Information
Standard status
Active
Size
6,550 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$16,401
Amenities
shared laundry
Building Details
Building Size
6,550 SF
Year Built
1899
Buildings
2
Construction
brick
Listing Agency:
Sperry Van Ness
Listed By:
Angelo Labriola · License #475130926
(312) 676-1866
Source:
Harkinsandassociates
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:18PM
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 Sperry Van Ness
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Investment Insights
Based on property information with market context.
This 6,550-square-foot apartment property includes a seven-unit brick building and a separate duplex coach house. The coach house has three bedrooms and two bathrooms, an open-concept upper floor, in-unit laundry, and recent improvements. The main building offers shared laundry on the first floor, along with separate center and rear entrances serving rear apartments. Built in 1899, it also includes an unfinished attic with a 12-foot peak ceiling; any future expansion or added unit would require zoning and municipal approval.
The property is at 942 W 34th Street in Chicago. Its alley location provides another source of natural light to the apartments.
The property is at 942 W 34th Street in Chicago. Its alley location provides another source of natural light to the apartments.
Key Highlights
- Seven‑unit brick apartment building
- Separate duplex coach house with three bedrooms and two bathrooms
- 6,550 square feet; built in 1899
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,406
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,008,120
$2.0M
Cap Rate 7%
$1,434,371
$1.4M
Cap Rate 9%
$1,115,622
$1.1M
Market Conditions
NOI Build-Up for 6,550 SF
Gross rent
$192.6K $29.40/SF
− Vacancy
−$10.0K −$1.53/SF
EGI
$182.6K $27.87/SF
− OpEx
−$82.2K −$12.54/SF
NOI
$100.4K $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%
$2,008,120
Cap Rate 7%
$1,434,371
Cap Rate 9%
$1,115,622
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.26M – $1.67M
NOI $100,406 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,181 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,731
Businesses Nearby
Explore this area
Business Placement
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A separate duplex coach house adds three bedrooms, two bathrooms, and in-unit laundry to the apartment property.
Where is this apartment building located?
The property is located at 942 W 34th Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Seven‑unit brick apartment building; Separate duplex coach house with three bedrooms and two bathrooms; 6,550 square feet; built in 1899
