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    3043 S Lock St Chicago, IL 60608

    Sponsored
    For Sale
    $420,000

    MULTI_FAMILY - Chicago, IL

    Days on Market:
    2
    Last Refresh:
    Jan 9 at 12:06 pm

    Property Features for 3043 S Lock St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    17293230110000
    Parking
    2
    Basement
    Full

    Building Details

    Year built
    1883

    HomeSmart Realty Group (708) 710-3828 [email protected]

    Listing agent Chun Siu (773) 599-3613

    Listing date Jan 8, 2026

    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.

    Overview

    Chicago Multi-Family Investment Opportunity

    This multi-family property in Chicago, Illinois, features a four-unit layout with separate gas and electric meters for each unit. The property is currently zoned for two units. The full attic and full basement offer investors the opportunity to expand the property and potentially duplex it up to the attic and basement. The property is located in Chicago, IL, with the postal code 60608, and is situated in Cook County. The seller may offer short-term financing. The estimated repair cost is $300,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6600311
    Latitude
    41.8391564

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with expansion potential in Chicago, Illinois.
    Where is this quadplex located?
    The property is located at 3043 S Lock St Chicago, IL.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: - Four units with separate gas and electric meters offer immediate rental income potential.; - Full attic and **full basement provide significant expansion possibilities**.; - Short-term seller financing available.
    (773) 599-3613
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    3043 S Lock St Chicago, IL 60608
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3043 S Lock St Chicago, IL 60608
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