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Updated Brick Quadplex
New
For Sale
$799,000

2631 N 74th Avenue, Elmwood Park, IL 60707

Residential Income, Elmwood Park, IL

Property SizeContact for details
Days on Market2

Property Features for 2631 N 74th Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 6
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bedroom 5, Basement, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 3
Parking 3
Parking features Garage
Basement Daylight
Elementary school John Mills Elementary School
Middle school Elm Middle School
High school Elmwood Park High School
Elementary school district 401
Middle school district 401
High school district 401
Directions Harlem North to Schubert, West to 74th, South on 74th
Subdivision Elmwood Park
Standard status Active
APN 12254120440000

Taxes and HOA fees

Tax Year 2022
Tax Annual Amount 13244

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Steam
Water source Public

Amenities

own thermostat
individually controlled AC unit
shared basement common area
laundry room
washer and dryer
tiger mahogany cabinetry
stainless-steel appliances

Building Details

Year built 1962
Building materials Brick
Listing Agency: Compass
Listed By: Mehdi Mova
Added: Sep 23 Last Checked: Sep 24 at 6:06PM
MLS# 12767898

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1962 brick quadplex contains four apartments with more than 5,000 square feet of living space, six bedrooms, and five full bathrooms. Each residence has an individual thermostat and AC unit. Residents share a basement common area and laundry room equipped with an owner-owned washer and dryer, while the detached garage accommodates approximately 2.5 cars and is leased separately.

Building improvements completed since October 2024 include a Weil-McLain gas boiler, common water heater, upgraded electrical system, copper mechanical-room piping, a new hot-water line serving the garden unit, and basement sprinkler installation. Sewer-main service included hydro jetting, camera inspection, and repairs. Additional work includes new laminate flooring in Unit 1, repainting, carpet cleaning, rent-ready repairs, new locks, and deep cleaning. The property is zoned MULTI and is within walking distance of the train, parks, and schools in Elmwood Park.

Key Highlights

  • Four apartments with more than 5,000 square feet of living space
  • Six bedrooms and five full bathrooms across the building
  • Approximately 2.5‑car detached garage leased separately

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Restaurant Food Market (Bike/Boat/Book/etc) Store Acupuncture Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

1,076
Businesses Nearby

Demographics for 60707, IL

43,241
Population
16,590
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
86%
High-School Grad
3.6 sq mi
ZIP Area
12,011
Density / Sq Mi
$82,746
Median Household Income
$48,093
Median Earnings
$1,309
Median Rent
$315,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Brick quadplex with separate garage, shared laundry, and individually controlled heating and cooling.
Where is this quadplex located?
The property is located at 2631 N 74th Avenue Elmwood Park, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four apartments with more than 5,000 square feet of living space; Six bedrooms and five full bathrooms across the building; Approximately 2.5‑car detached garage leased separately
More about this property
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