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    322 S Kostner Ave Chicago, IL 60624

    For Sale
    $595,000

    Residential Income - Chicago, IL

    Days on Market:
    48
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 322 S Kostner Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    APN
    16151200450000
    Parking
    2.5

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1907
    Architectural style
    Other

    Hometown Real Estate (773) 870-2773 [email protected]

    Listing agent Lawanda Gooden (773) 870-2773 License #475177024

    Listing date Oct 29, 2025

    MLS# 12494016 Listing URL

    Copyright © 2025 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

    Renovated Income Property in Chicago

    This turn-key legal 3-unit property is located in West Garfield Park, Chicago, offering immediate income potential and long-term appreciation. It is positioned in a targeted residential and commercial redevelopment zone where over 30 new multi-unit projects are slated to break ground next year. Each apartment has been renovated with modern finishes, new kitchens and baths, and updated mechanicals. The units have separate utilities. The property is suitable for owner-occupants using FHA or conventional financing, or investors seeking a cash-flowing asset in a neighborhood on the rise. The building is fully renovated and inspection-ready. It has strong rent potential supported by area comps and is minutes from CTA, I-290, and major West Side development corridors. Future new-construction projects will continue to elevate neighborhood value. The seller is a licensed developer with multiple new builds planned nearby, positioning this property at the forefront of West Garfield Park's transformation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7356518
    Latitude
    41.8762574

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    FAQs

    What type of property is this?
    Triplex - Turn-key 3-unit building with income potential in West Garfield Park.
    Where is this triplex located?
    The property is located at 322 S Kostner Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Fully renovated, move-in ready 3-unit building with immediate income potential.; - Located in a targeted residential & commercial redevelopment zone with over 30 new multi-unit projects planned.; - Separate utilities and updated mechanical systems for low-maintenance operation.
    (773) 870-2773
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    Chicago, IL 60624
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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
    322 S Kostner Ave Chicago, IL 60624
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