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Three-Unit Triplex Property
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1225 W Erie Street, Chicago, IL 60642

Fully leased multifamily property with central HVAC, shared laundry, exterior parking, and tenant-accessible outdoor space.

Property SizeContact for details
Days on Market189

Property Features for 1225 W Erie Street

General Information

Standard status Active
Property subtype Multifamily
Zoning MULTI
Listing Agency: Fulton Grace Realty
Listed By: Owen Duffy · License #475125711
Source: Crexi
Added: Feb 26 Changed: Aug 30 Last Checked: Sep 2 at 7:33PM

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 Fulton Grace Realty

Investment Insights

Based on property information with market context.

This three-unit multifamily property includes a first-floor three-bedroom duplex-down and two upper-level two-bedroom simplex apartments. The residences feature generous living areas, high ceilings, and oversized windows that bring in natural light. Central heat and air serve the building, while shared laundry provides an on-site amenity for residents.

The property is located at 1225 W Erie Street in Chicago, between West Town, Noble Square, and River West. Exterior improvements include two parking spaces, a rear paved patio, and a yard available for tenant use. All three leases extend through summer 2026, providing an occupied configuration with established lease terms.

Key Highlights

  • Three‑unit configuration with one 3‑bedroom duplex‑down and two 2‑bedroom simplex apartments
  • All leases secured through summer 2026
  • Central heat and air throughout the building

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Carpet & Flooring Store Restaurant Adult Day Care

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

Location Intelligence

Trade Area within ½ mile

5,467
Businesses Nearby

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

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?
Triplex - Fully leased multifamily property with central HVAC, shared laundry, exterior parking, and tenant-accessible outdoor space.
Where is this triplex located?
The property is located at 1225 W Erie Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Three‑unit configuration with one 3‑bedroom duplex‑down and two 2‑bedroom simplex apartments; All leases secured through summer 2026; Central heat and air throughout the building
(708) 878-7329 Call to check price and availability
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