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12-Unit Multifamily Building
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3100 W 38th Pl, Chicago, IL 60632

Well-maintained 12-unit multifamily property with updated major systems, flooring, windows, and a maintained roof.

Property SizeContact for details
Days on Market122

Property Features for 3100 W 38th Pl

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 12

Building Details

Tenancy Multi
Listing Agency: SVN Chicago Commercial
Listed By: Joe Connelly · License #475202263 IL
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 4:39AM

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 SVN Chicago Commercial

Investment Insights

Based on property information with market context.

This well-maintained 12-unit multifamily building offers a unit mix that includes (4) 2-bedroom units, (6) 2-bedroom units with dining rooms, and (2) non-conforming basement units comprising (1) studio and (1) 3-bedroom unit. Recent capital improvements include updated electrical and water tanks, newer hardwood flooring and tile work, upgraded appliances, and repairs including lentil work and tuckpointing.

Additional updates include newer windows and a well-maintained roof. Central boilers are in place for heat distribution across the buildings, with tenants responsible for paying Heat, Gas, and Electric services. The property’s maintenance and management approach is described as diligent and consistent, supporting a streamlined ownership experience.

Ownership includes (4) 2-bedroom units, (6) 2-bedroom units with dining rooms, and (2) non-conforming basement units (one studio and one 3-bedroom), supported by multiple recent building and interior updates.

Key Highlights

  • 12‑unit multifamily property with a unit mix of (4) 2‑bedroom, (6) 2‑bedroom with dining rooms, and (2) basement units (1 studio, 1 non‑conforming 3‑bedroom).
  • Recent capital improvements include updated electrical and water tanks, newer hardwood flooring and tile work, and upgraded appliances.
  • Exterior/structural updates include lentil repairs, tuckpointing, newer windows, and a well‑maintained roof.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Daycare Center (Bike/Boat/Book/etc) Store Locksmith

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

12
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

859
Businesses Nearby

Demographics for 60632, IL

92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
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?
Apartment building - Well-maintained 12-unit multifamily property with updated major systems, flooring, windows, and a maintained roof.
Where is this apartment building located?
The property is located at 3100 W 38th Pl Chicago, IL.
What are key features of this property?
This property features: 12‑unit multifamily property with a unit mix of (4) 2‑bedroom, (6) 2‑bedroom with dining rooms, and (2) basement units (1 studio, 1 non‑conforming 3‑bedroom).; Recent capital improvements include updated electrical and water tanks, newer hardwood flooring and tile work, and upgraded appliances.; Exterior/structural updates include lentil repairs, tuckpointing, newer windows, and a well‑maintained roof.
More about this property
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