Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$285,000

12216 Chicago Avenue, Lubbock, TX, 79424

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,006 Sq Ft
DuplexDuplex
price_per_sqft$114.66 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size11,326 sqft

Building Information

Year Built2014
Roof Type105

Land Information

APNR343175
Lot Number30
SubdivisionFrankford Farms
Land UseMulti-Family Duplex
Legal DescriptionFRANKFORD FARMS .260 OUT OF BAL OF TR 20
Census Tract010421
Assessed Land Value$4,680
Assessed Improvement Value$195,030
Assessment Year2025

About this property

Investor's Dream Duplex - Fully Leased! Don't miss this exceptional investment opportunity! Built in 2014, this well-maintained duplex is currently leased on both sides at $1,100 per month, offering immediate rental income and strong cash flow. Each unit features durable vinyl wood flooring and comes fully equipped with modern appliances, including a flat-top electric stove, microwave, refrigerator, and dishwasher. Front and Back sprinklers included! Located in the highly sought-after Lubbock Cooper ISD, this duplex sits in one of the area's most desirable neighborhoods—an excellent addition to any investor's portfolio. Schedule your showing today and take advantage of this income-producing asset!

Investor Tools

Property Icon
$285,000
Estimated Property Value
$0Estimated Mortgage Balance
$103,691Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$372/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,040
$199,710
2025
$4,680
$195,030
$199,710
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,040
$199,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Investor Non-Conforming Loan
$184,000
No
First
Jul 11, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$181,309
$103,691
36%
64%
$1,104/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$1,104/mo
+$586/mo
7.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

12216 Chicago Avenue | Property Details | No Agent List