Three-Unit Brick
For Sale
$810,000
Pending
3130 W Wilson Avenue Chicago, Chicago, IL 60625
Solid brick three-unit building with detached two-car garage and tenant-occupied residences.
Property Size3,650 SF
Days on Market43
Property Features for 3130 W Wilson Avenue Chicago
General Information
Standard status
Pending
Size
3,650 SF
Total Parking Spaces
2
Property subtype
Two to Four Units
Zoning
OTHER
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,296
Amenities
private patio
backyard
additional storage
coin operated laundry
Partially Finished,Exterior Entry,Storage Space,Full
3
8
Landscaped
Lake Michigan,Public
2
30 X 120
No
Garage Door Opener,Yes,Garage Owned,Detached,Garage
Brick/Mortar
Building Details
Year Built
1918
Construction
solid brick
Tenancy
Multi
Listing Agency:
(847) 558-6808
Listed By:
Brenda Valdez
(847) 558-6808
Source:
Remaxadream
Added: Jul 10
Changed: Aug 8
Last Checked: Jul 23 at 3:00AM
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 Brenda Valdez
Investment Insights
Based on property information with market context.
This legal three-unit solid brick triplex in Ravenswood offers multiple tenant-occupied homes and a detached two-car brick garage. The first- and second-floor units each feature approximately 1,425 square feet with three large bedrooms, updated kitchens with stainless steel appliances, granite countertops, and ample cabinetry, plus distinctive interior details such as a massive living room with front sunroom and stained-glass windows, and a formal dining room with beamed ceilings. The top floor includes central HVAC and is leased through 5/31/27. The garden unit provides additional living space with about two bedrooms and one bathroom and is leased through 5/31/27.
The property also includes enclosed back-of-house sunroom/office bonus space, a spacious private patio with brick pavers leading to a backyard, and a basement with additional storage and coin-operated laundry equipment (not owned). There is one hot water heater for the building and boiler systems for unit G and unit 1. Tenants share certain utilities as described in the leases, including gas and electric responsibilities, and garage space is included where noted.
Exterior and interior layouts support straightforward multi-unit operations, with each unit currently under lease terms and providing an active rental profile across the three residences.
The property also includes enclosed back-of-house sunroom/office bonus space, a spacious private patio with brick pavers leading to a backyard, and a basement with additional storage and coin-operated laundry equipment (not owned). There is one hot water heater for the building and boiler systems for unit G and unit 1. Tenants share certain utilities as described in the leases, including gas and electric responsibilities, and garage space is included where noted.
Exterior and interior layouts support straightforward multi-unit operations, with each unit currently under lease terms and providing an active rental profile across the three residences.
Key Highlights
- Legal 3‑unit solid brick building (8 bedrooms, 3 full baths) with partially finished basement and exterior entry
- Detached 2‑car brick garage plus total of 2 parking spaces; garage door opener and owned, detached garage
- Top‑floor unit has central HVAC and is leased through 5/31/27 for $2,225 (includes garage space; tenants pay gas)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,845
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,216,900
$1.2M
Cap Rate 7%
$869,214
$869.2K
Cap Rate 9%
$676,056
$676.1K
Market Conditions
NOI Build-Up for 3,650 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.0K $25.20/SF
− Vacancy
−$5.1K −$1.39/SF
EGI
$86.9K $23.81/SF
− OpEx
−$26.1K −$7.14/SF
NOI
$60.8K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,216,900
Cap Rate 7%
$869,214
Cap Rate 9%
$676,056
Alternative Uses
Best Use
Multifamily LT 5
$869.2K
$760.6K – $1.01M
NOI $60,845 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$799.3K
$699.4K – $932.5K
NOI $55,951 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,468 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 60625, IL
76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Solid brick three-unit building with detached two-car garage and tenant-occupied residences.
Where is this triplex located?
The property is located at 3130 W Wilson Avenue Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Legal 3‑unit solid brick building (8 bedrooms, 3 full baths) with partially finished basement and exterior entry; Detached 2‑car brick garage plus total of 2 parking spaces; garage door opener and owned, detached garage; Top‑floor unit has central HVAC and is leased through 5/31/27 for $2,225 (includes garage space; tenants pay gas)
