L-Shaped Apartment Building with
For Sale
Contact for pricing
1618 N Tripp Ave, Chicago, IL 60639
Twelve-unit walk-up near Tripp Ave and North Ave, plus an adjacent parcel with 13 surface parking spaces for tenants.
Property SizeContact for details
Days on Market122
Property Features for 1618 N Tripp Ave
General Information
Standard status
Active
Total Parking Spaces
13
Property subtype
Multifamily
Additional Details
Multifamily Units
12
Amenities
laundry in basement
Listing Agency:
Essex Realty Group
(312) 935-1050
Listed By:
Steven Livaditis · License #IL
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 6:04PM
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 Essex Realty Group
Investment Insights
Based on property information with market context.
1618-20 N. Tripp Ave. is a twelve-unit L-shaped walk-up apartment building offering a mix of six one-bedroom/one-bath, five two-bedroom/one-bath, and one three-bed/one-bath apartment. The property also includes two non-conforming one-bedroom/one-bath garden apartments that currently generate additional income. Seven of the twelve above-grade units have been recently remodeled, featuring refinished hardwood floors, stone countertops, stainless appliances, and quality cabinetry, while the remaining layouts include standard rental finishes.
Notable building improvements include individual gas forced furnaces, separately metered electric, a new hot water tank, regular roof maintenance, and a mix of copper and galvanized plumbing. Tenants have access to basement laundry with two coin-operated, building-owned machines.
The offering includes a separate adjacent parcel used for tenant parking, providing thirteen surface parking spaces. This parcel is included as part of the overall property configuration and can support parking demand for residents.
Notable building improvements include individual gas forced furnaces, separately metered electric, a new hot water tank, regular roof maintenance, and a mix of copper and galvanized plumbing. Tenants have access to basement laundry with two coin-operated, building-owned machines.
The offering includes a separate adjacent parcel used for tenant parking, providing thirteen surface parking spaces. This parcel is included as part of the overall property configuration and can support parking demand for residents.
Key Highlights
- 12‑unit L‑shaped walk‑up apartment building near the corner of Tripp Ave. and North Ave.
- Unit mix: 6 one‑bedroom/1‑bath, 5 two‑bedroom/1‑bath, and 1 three‑bedroom/1‑bath apartment.
- Adjacent parcel includes 13 surface parking spaces for tenant parking, creating potential for additional income.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 60639, IL
89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit walk-up near Tripp Ave and North Ave, plus an adjacent parcel with 13 surface parking spaces for tenants.
Where is this apartment building located?
The property is located at 1618 N Tripp Ave Chicago, IL.
What are key features of this property?
This property features: 12‑unit L‑shaped walk‑up apartment building near the corner of Tripp Ave. and North Ave.; Unit mix: 6 one‑bedroom/1‑bath, 5 two‑bedroom/1‑bath, and 1 three‑bedroom/1‑bath apartment.; Adjacent parcel includes 13 surface parking spaces for tenant parking, creating potential for additional income.
