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Three-Unit Greystone Building
New
For Sale
$430,000

1242 S Millard Ave, Chicago, IL 60623

Greystone multifamily property with separate apartments and in-unit laundry, central air, and heat throughout.

Property SizeContact for details
Days on Market2

Property Features for 1242 S Millard Ave

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Amenities

washer/dryer
central air
heat

Building Details

Construction Greystone
Listing Agency: Coldwell Banker Realty
Listed By: Jamie Decker
Source: Dealwithdecker
Added: Sep 14 Last Checked: Sep 14 at 7:53AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This three-unit Greystone multifamily property at 1242 S Millard Ave in Chicago offers separate apartments with washer and dryer equipment, central air, and heat in each unit. The building is configured for residential income use or owner occupancy with additional units available for rental.

The property is located 12 minutes from the Medical District and 10 minutes from the United Center. Tenants pay their own utilities, while the owner covers the water bill, providing a clearly defined utility arrangement across the building.

Key Highlights

  • Three‑unit Greystone multifamily building
  • Washer and dryer in every unit
  • Central air and heat in all units

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic HVAC Service (Bike/Boat/Book/etc) 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

966
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Greystone multifamily property with separate apartments and in-unit laundry, central air, and heat throughout.
Where is this triplex located?
The property is located at 1242 S Millard Ave Chicago, IL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Three‑unit Greystone multifamily building; Washer and dryer in every unit; Central air and heat in all units
More about this property
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