Search
Four-Unit Quadplex with Basements
For Sale
$550,000

128 N MENARD Avenue, Chicago, IL 60644

Individual heating systems and tenant-paid utilities support straightforward multifamily operations.

Property SizeContact for details
Days on Market158

Property Features for 128 N MENARD Avenue

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Gross Income $72,000

Amenities

private basement
Forced Air

Building Details

Year Built 1962
Listing Agency: Exit Strategy Realty
Listed By: Shaheen Pervaiz · License #475139116
Source: Kw
Added: Mar 28 Changed: Aug 31 Last Checked: Aug 31 at 1:27AM

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 Exit Strategy Realty

Investment Insights

Based on property information with market context.

Located at 128 N Menard Avenue in Chicago, this 1962-built quadplex contains four residential units. Each apartment is configured with two bedrooms and one bathroom, along with hardwood flooring and a private basement that provides space for storage and laundry. Forced-air heating is included, and each unit has its own heating system and water heater.

Tenants are responsible for all utilities, creating a clearly defined operating structure. The property also includes additional land at the front, which may support future parking expansion. Its four-unit configuration offers flexibility for an owner-occupant or a multifamily investor, subject to applicable requirements and approvals.

Key Highlights

  • 4‑unit quadplex at 128 N Menard Avenue, Chicago, IL 60644
  • Each unit includes 2 bedrooms and 1 bathroom
  • Private basement space in every unit for storage and laundry

Property Analytics

Current Use

Theresa's Tots High School

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Parts Store (Bike/Boat/Book/etc) Store Dental Office Carpet & Flooring 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

Location Intelligence

Trade Area within ½ mile

1,590
Businesses Nearby

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Individual heating systems and tenant-paid utilities support straightforward multifamily operations.
Where is this quadplex located?
The property is located at 128 N MENARD Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4‑unit quadplex at 128 N Menard Avenue, Chicago, IL 60644; Each unit includes 2 bedrooms and 1 bathroom; Private basement space in every unit for storage and laundry
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message